Ecuador: Artificial Corundum Market 2025

Artificial Corundum Market Size in Ecuador

The Ecuadorian artificial corundum market soared to $X in 2021, picking up by 158% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Exports

Exports from Ecuador

In 2017, artificial corundum exports from Ecuador contracted remarkably to X kg, shrinking by -16.7% against the year before. Overall, exports showed a abrupt slump. The exports peaked at X kg in 2015; however, from 2016 to 2017, the exports remained at a lower figure.

In value terms, artificial corundum exports reduced remarkably to $X in 2017. Over the period under review, exports showed a deep slump. The smallest decline of -16.7% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg) was the main destination for artificial corundum exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2015 to 2017, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for artificial corundum exports from Ecuador.

From 2015 to 2017, the average annual rate of growth in terms of value to France was relatively modest.

Export Prices by Country

In 2017, the average artificial corundum export price amounted to $X per ton, reducing by -4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 4.2% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for France.

From 2015 to 2017, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Artificial Corundum Imports

Imports into Ecuador

In 2021, the amount of artificial corundum imported into Ecuador skyrocketed to X tons, with an increase of 204% on the previous year's figure. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest artificial corundum supplier to Ecuador, with a 37% share of total imports. Moreover, artificial corundum imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Bahrain (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.6% per year) and Bahrain (0.0% per year).

In value terms, India ($X) constituted the largest supplier of artificial corundum to Ecuador, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.3% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and China (+5.0% per year).

Import Prices by Country

The average artificial corundum import price stood at $X per ton in 2021, declining by -19.5% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+17.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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