EU: Artificial Corundum Market 2024

Artificial Corundum Market Size in the EU

The EU artificial corundum market expanded notably to $X in 2021, surging by 14% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Production in the EU

In value terms, artificial corundum production stood at $X in 2021 estimated in export price. In general, production showed a pronounced slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8.7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports in the EU

In 2021, shipments abroad of artificial corundum increased by 45% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X tons), the Netherlands (X tons), France (X tons), Slovenia (X tons), Hungary (X tons) and Italy (X tons) represented the major exporter of artificial corundum in the European Union, mixing up 92% of total export. It was distantly followed by Belgium (X tons), creating a 4.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +17.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum supplying countries in the European Union were Germany ($X), France ($X) and Italy ($X), together accounting for 62% of total exports. These countries were followed by the Netherlands, Slovenia, Hungary and Belgium, which together accounted for a further 35%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, surging by 12% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the other leaders experienced more modest paces of growth.

Artificial Corundum Imports

Imports in the EU

In 2021, purchases abroad of artificial corundum was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum imports surged to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by the Netherlands (X tons), Italy (X tons), Austria (X tons), Poland (X tons), Slovenia (X tons) and Spain (X tons) represented the major importers of artificial corundum, together constituting 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum importing markets in the European Union were Germany ($X), Austria ($X) and Italy ($X), together comprising 58% of total imports. These countries were followed by the Netherlands, Poland, Spain and Slovenia, which together accounted for a further 28%.

Among the main importing countries, the Netherlands, with a CAGR of +12.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 17%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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