Report Update Nov 1, 2024

Ireland - Artificial Corundum - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Artificial Corundum Market 2024

Artificial Corundum Market Size in Ireland

In 2021, the Irish artificial corundum market increased by 157% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a resilient increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Artificial Corundum Exports

Exports from Ireland

In 2021, overseas shipments of artificial corundum increased by 133% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 477% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, artificial corundum exports skyrocketed to $X in 2021. Overall, exports, however, recorded a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by 495% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of artificial corundum exports from Ireland, together accounting for 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +1,936.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Mexico ($X) and the UK ($X) constituted the largest markets for artificial corundum exported from Ireland worldwide, together comprising 82% of total exports.

Mexico, with a CAGR of +1,493.6%, saw the highest growth rate of the value of exports, among the main countries of destination 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 a decrease of -25.8% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 351%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 the United States (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Ireland

In 2021, overseas purchases of artificial corundum increased by 265% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 704%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2016 when imports increased by 281% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of artificial corundum to Ireland, with a 72% share of total imports. Moreover, artificial corundum imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The UK (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and the UK (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of artificial corundum to Ireland, comprising 60% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and the UK (+19.7% per year).

Import Prices by Country

In 2021, the average artificial corundum import price amounted to $X per ton, waning by -67.4% against the previous year. In general, the import price, however, posted resilient growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 210% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 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 the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial corundum in the world?

China remains the largest artificial corundum consuming country worldwide, accounting for 25% of total volume. Moreover, artificial corundum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Brazil ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of artificial corundum in the world?

China remains the largest artificial corundum producing country worldwide, accounting for 43% of total volume. Moreover, artificial corundum production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Brazil, with a 6% share.

What are the leading suppliers of artificial corundum to Ireland?

In value terms, the largest artificial corundum importing markets into Ireland were Germany, Japan and the United States, with a combined 35% share of total imports. These countries were followed by Austria, Italy, South Korea, the Netherlands, Poland, Turkey, Russia, Spain, Slovenia and Taiwan Chinese), which together accounted for a further 40%.

What are the leading importers of artificial corundum from Ireland?

In value terms, China remains the largest artificial corundum supplier from Ireland, comprising 52% of global exports. The second position in the ranking was occupied by Germany, with an 8.2% share of global exports. It was followed by France, with a 5.4% share.

What is the average export price for artificial corundum in Ireland?

The artificial corundum export price in Ireland stood at $958 per ton in 2021, declining by -59.5% against the previous year.

What is the average import price for artificial corundum in Ireland?

The artificial corundum import price in Ireland stood at $745 per ton in 2021, shrinking by -83.4% against the previous year.

This report provides an in-depth analysis of the artificial corundum market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991500 - Artificial corundum (excluding mechanical mixtures)

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023