Europe: Artificial Corundum Market 2024

Artificial Corundum Market Size in Europe

The Europe artificial corundum market amounted to $X in 2021, surging by 9.8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Artificial Corundum Production in Europe

In value terms, artificial corundum production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 7.2% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports in Europe

In 2021, shipments abroad of artificial corundum increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum exports soared to $X in 2021. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Russia (X tons), Germany (X tons), the Netherlands (X tons), France (X tons), Slovenia (X tons), Hungary (X tons), Ukraine (X tons) and Italy (X tons) was the largest exporter of artificial corundum in Europe, generating 91% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main 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 Europe were Germany ($X), France ($X) and Italy ($X), together accounting for 51% of total exports. These countries were followed by the Netherlands, Slovenia, Russia, Hungary and Ukraine, which together accounted for a further 41%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +12.9%, recorded the highest growth rate of 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

The export price in Europe stood at $X per ton in 2021, with an increase of 9.8% against the previous year. In general, the export price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2018 an increase of 11%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($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 mixed trends in the export price figures.

Artificial Corundum Imports

Imports in Europe

In 2021, overseas purchases of artificial corundum were 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 +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. 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. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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) and Russia (X tons) represented the main importers of artificial corundum, together mixing up 72% of total imports. The following importers - Slovenia (X tons), Spain (X tons), France (X tons), the UK (X tons), Belgium (X tons) and the Czech Republic (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum importing markets in Europe were Germany ($X), Austria ($X) and Italy ($X), with a combined 50% share of total imports. The Netherlands, Poland, Russia, Spain, Slovenia, the UK, France, Belgium and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, the Netherlands, with a CAGR of +12.0%, saw the highest rates of growth with regard to 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 Europe amounted to $X per ton, picking up by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 17% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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 ($X per ton), while Belgium ($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