Germany: Artificial Corundum Market 2024

Artificial Corundum Market Size in Germany

In 2021, after two years of decline, there was significant growth in the German artificial corundum market, when its value increased by 41% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Artificial Corundum Production in Germany

In value terms, artificial corundum production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a perceptible contraction. Artificial corundum production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Artificial Corundum Exports

Exports from Germany

In 2021, shipments abroad of artificial corundum increased by 25% 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 +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, artificial corundum exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), Poland (X tons) and the United States (X tons) were the main destinations of artificial corundum exports from Germany, together comprising 32% of total exports. These countries were followed by France, Russia, Turkey, Italy, Switzerland, Spain, Slovenia, Belgium, the Netherlands and the Czech Republic, which together accounted for a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +25.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial corundum exported from Germany were Austria ($X), the United States ($X) and Italy ($X), together comprising 32% of total exports. These countries were followed by Switzerland, Poland, Russia, France, Turkey, Spain, the Netherlands, Slovenia, Belgium and the Czech Republic, which together accounted for a further 49%.

In terms of the main countries of destination, Slovenia, with a CAGR of +31.0%, saw 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 average artificial corundum export price stood at $X per ton in 2021, with an increase of 7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($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 Slovenia (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Germany

In 2021, overseas purchases of artificial corundum increased by 33% to 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 +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, artificial corundum imports soared to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest artificial corundum supplier to Germany, with a 31% share of total imports. Moreover, artificial corundum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +62.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Hungary (-0.9% per year).

In value terms, France ($X), the Netherlands ($X) and Austria ($X) were the largest artificial corundum suppliers to Germany, with a combined 52% share of total imports.

The Netherlands, with a CAGR of +55.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average artificial corundum import price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.

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 France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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