Report Update Nov 1, 2024

Northern America - Artificial Corundum - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Artificial Corundum Market 2024

Artificial Corundum Market Size in Northern America

The North American artificial corundum market dropped to $X in 2021, waning by -11.4% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Artificial Corundum Production in Northern America

In value terms, artificial corundum production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of 128% against the previous year. As a result, production reached the peak level of $X, and then fell dramatically in the following year.

Artificial Corundum Exports

Exports in Northern America

After two years of decline, overseas shipments of artificial corundum increased by 28% to X tons in 2021. Over the period under review, exports, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 90% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial corundum exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Canada (X tons), distantly followed by the United States (X tons) were the major exporters of artificial corundum, together achieving 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of -1.6%).

In value terms, the United States ($X) remains the largest artificial corundum supplier in Northern America, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled -1.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, jumping by 16% against the previous year. Overall, the export price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2015 an increase of 97%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.3%).

Artificial Corundum Imports

Imports in Northern America

In 2021, purchases abroad of artificial corundum increased by 30% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a perceptible descent. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, artificial corundum imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) represented the largest importer of artificial corundum, achieving 89% of total imports. It was distantly followed by Canada (X tons), achieving an 11% share of total imports.

Imports into the United States decreased at an average annual rate of -4.6% from 2012 to 2021. Canada (-3.3%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported artificial corundum in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

In the United States, artificial corundum imports shrank by an average annual rate of -3.0% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial corundum in Northern America?

The United States remains the largest artificial corundum consuming country in Northern America, accounting for 78% of total volume. Moreover, artificial corundum consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, fourfold.

What are the largest producers of artificial corundum in Northern America?

The United States constituted the country with the largest volume of artificial corundum production, accounting for 69% of total volume. Moreover, artificial corundum production in the United States exceeded the figures recorded by the second-largest producer, Canada, twofold.

What are the leading suppliers of artificial corundum in Northern America?

In value terms, the United States remains the largest artificial corundum supplier in Northern America, comprising 76% of total exports. The second position in the ranking was occupied by Canada, with a 24% share of total exports.

What are the leading importers of artificial corundum in Northern America?

In value terms, the United States constitutes the largest market for imported artificial corundum in Northern America, comprising 91% of total imports. The second position in the ranking was occupied by Canada, with a 9.3% share of total imports.

What is the average export price for artificial corundum in Northern America?

The artificial corundum export price in Northern America stood at $2,025 per ton in 2021, rising by 17% against the previous year.

What is the average import price for artificial corundum in Northern America?

The artificial corundum import price in Northern America stood at $2,467 per ton in 2021, rising by 29% against the previous year.

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

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023