Finland: Artificial Corundum Market 2024

Artificial Corundum Market Size in Finland

In 2021, the Finnish artificial corundum market increased by 77% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Exports

Exports from Finland

Artificial corundum exports from Finland skyrocketed to X tons in 2021, with an increase of 1,307% against the year before. In general, exports, however, continue to indicate a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, artificial corundum exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Estonia (X tons) were the main destinations of artificial corundum exports from Finland, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +26.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial corundum exported from Finland were the Netherlands ($X), Estonia ($X) and Italy ($X), together accounting for 99% of total exports.

Among the main countries of destination, Estonia, with a CAGR of +35.0%, saw 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

The average artificial corundum export price stood at $X per ton in 2021, growing by 9% against the previous year. Over the period under review, the export price, however, saw a slight descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 452%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+98.7%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Finland

Artificial corundum imports into Finland surged to X tons in 2021, increasing by 63% against the year before. In general, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. 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.

In value terms, artificial corundum imports soared to $X in 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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

Austria (X tons), Brazil (X tons) and Russia (X tons) were the main suppliers of artificial corundum imports to Finland, together accounting for 79% of total imports. Hungary, Germany, Belgium and Italy lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +30.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of artificial corundum to Finland, comprising 48% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.9% per year) and Germany (+24.8% per year).

Import Prices by Country

The average artificial corundum import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average 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 Germany ($X per ton), while the price for Russia ($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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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