Report Update Nov 1, 2024

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

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Luxembourg: Artificial Corundum Market 2024

Artificial Corundum Market Size in Luxembourg

The Luxembourg artificial corundum market surged to $X in 2021, picking up by 909% against the previous year. In general, consumption saw significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Corundum Production in Luxembourg

In value terms, artificial corundum production soared to $X in 2021 estimated in export price. Overall, production continues to indicate moderate growth. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Artificial Corundum Exports

Exports from Luxembourg

In 2021, exports of artificial corundum from Luxembourg stood at X kg, approximately mirroring the year before. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2014 with an increase of 215%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, artificial corundum exports stood at $X in 2021. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2014 when exports increased by 222% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg), Spain (X kg) and Sweden (X kg) were the main destinations of artificial corundum exports from Luxembourg, with a combined 84% share of total exports. Moreover, artificial corundum exports in Germany exceeded the figures recorded by the second-largest exporter, Spain, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of -60.5%), while the other leaders experienced a decline.

It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-53.5% per year) and Sweden (-57.7% per year).

Export Prices by Country

In 2021, the average artificial corundum export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 37%. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($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 Belgium (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Luxembourg

In 2021, supplies from abroad of artificial corundum was finally on the rise to reach X tons after two years of decline. Overall, imports showed a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, artificial corundum imports skyrocketed to $X in 2021. Over the period under review, imports posted a modest expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of artificial corundum to Luxembourg, accounting for a 84% share of total imports. Moreover, artificial corundum imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +7.9%.

In value terms, Germany ($X) constituted the largest supplier of artificial corundum to Luxembourg, comprising 91% of total imports. The second position in the ranking was held by France ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.4%.

Import Prices by Country

The average artificial corundum import price stood at $X per ton in 2021, dropping by -18.1% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The growth pace was the most rapid in 2020 an increase of 42%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.6%), 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. The third position in this ranking was occupied by Brazil, with a 5.7% share.

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

The country with the largest volume of artificial corundum production was China, comprising approx. 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 Luxembourg?

In value terms, Germany constituted the largest supplier of artificial corundum to Luxembourg, comprising 89% of total imports. The second position in the ranking was occupied by France, with an 11% share of total imports.

What are the leading importers of artificial corundum from Luxembourg?

It was followed by Sweden, with a 13% share.

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

The average artificial corundum export price stood at $829 per ton in 2021, flattening at the previous year.

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

The average artificial corundum import price stood at $2,904 per ton in 2021, declining by -4.7% against the previous year.

This report provides an in-depth analysis of the artificial corundum market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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