Italy: Artificial Corundum Market 2024

Artificial Corundum Market Size in Italy

The Italian artificial corundum market surged to $X in 2021, picking up by 15% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.8% against 2019 indices. 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 Production in Italy

In value terms, artificial corundum production fell sharply to $X in 2021 estimated in export price. Over the period under review, production saw a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 91%. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Artificial Corundum Exports

Exports from Italy

Artificial corundum exports from Italy reached X tons in 2021, therefore, remained relatively stable against the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 20%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, artificial corundum exports expanded notably to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for artificial corundum exports from Italy, accounting for a 38% share of total exports. Moreover, artificial corundum exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.9% per year) and Slovenia (+20.7% per year).

In value terms, Austria ($X) remains the key foreign market for artificial corundum exports from Italy, comprising 36% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by Poland, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.0% per year) and Poland (+6.5% per year).

Export Prices by Country

In 2021, the average artificial corundum export price amounted to $X per ton, growing by 9.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Slovenia ($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 (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Italy

In 2021, purchases abroad of artificial corundum was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest artificial corundum supplier to Italy, accounting for a 34% share of total imports. Moreover, artificial corundum imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), twofold. The third position in this ranking was held by Austria (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+26.7% per year) and Austria (+2.2% per year).

In value terms, the largest artificial corundum suppliers to Italy were China ($X), Austria ($X) and Slovenia ($X), together accounting for 63% of total imports.

Slovenia, with a CAGR of +35.1%, recorded 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

The average artificial corundum import price stood at $X per ton in 2021, surging by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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