Israel: Artificial Corundum Market 2024

Artificial Corundum Market Size in Israel

The Israeli artificial corundum market skyrocketed to $X in 2021, with an increase of 83% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Exports

Exports from Israel

In 2021, the amount of artificial corundum exported from Israel surged to X tons, increasing by 34% compared with the previous year's figure. Overall, exports showed a slight increase. The pace of growth was the most pronounced in 2013 with an increase of 349% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, artificial corundum exports surged to $X in 2021. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 276% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), the UK (X tons) and South Korea (X tons) were the main destinations of artificial corundum exports from Israel, together accounting for 72% 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 South Korea (with a CAGR of +55.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial corundum exported from Israel were the United States ($X), the UK ($X) and South Korea ($X), together accounting for 73% of total exports.

South Korea, with a CAGR of +56.1%, recorded 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

In 2021, the average artificial corundum export price amounted to $X per ton, with an increase of 19% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Japan ($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 China (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Israel

In 2021, approx. X tons of artificial corundum were imported into Israel; increasing by 72% compared with the previous year's figure. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 86%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, 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

China (X tons), Russia (X tons) and Italy (X tons) were the main suppliers of artificial corundum imports to Israel, together comprising 55% of total imports. Hungary, Brazil, Austria, Germany, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum suppliers to Israel were China ($X), Russia ($X) and Italy ($X), with a combined 55% share of total imports. These countries were followed by Hungary, Brazil, Austria, Germany, Taiwan (Chinese) and the United States, which together accounted for a further 39%.

Taiwan (Chinese), with a CAGR of +49.5%, 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 8.4% against the previous year. In general, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Austria ($X per ton), while the price for Italy ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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