Norway: Artificial Corundum Market 2024

Artificial Corundum Market Size in Norway

The Norwegian artificial corundum market soared to $X in 2021, rising by 33% 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). Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Artificial Corundum Exports

Exports from Norway

Artificial corundum exports from Norway skyrocketed to X tons in 2021, picking up by 36% on the year before. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2014 with an increase of 930%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, artificial corundum exports reduced slightly to $X in 2021. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 1,304%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of artificial corundum exports from Norway, with a combined 98% share 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 Sweden (with a CAGR of +11.5%), while the other leaders experienced a decline.

In value terms, Thailand ($X), Sweden ($X) and Denmark ($X) appeared to be the largest markets for artificial corundum exported from Norway worldwide, with a combined 96% share of total exports.

Sweden, with a CAGR of +8.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average artificial corundum export price amounted to $X per ton, declining by -28.6% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, artificial corundum export price decreased by -36.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 45%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden ($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 UK (+243.1%), while the prices for the other major destinations experienced more modest paces of growth.

Artificial Corundum Imports

Imports into Norway

In 2021, the amount of artificial corundum imported into Norway surged to X tons, with an increase of 21% on the year before. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, artificial corundum imports surged to $X in 2021. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Belgium (X tons) were the main suppliers of artificial corundum imports to Norway, with a combined 65% share of total imports. These countries were followed by Germany, Ukraine, the Netherlands and the UK, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest artificial corundum suppliers to Norway were France ($X), China ($X) and Belgium ($X), with a combined 63% share of total imports. These countries were followed by Germany, Ukraine, the Netherlands and the UK, which together accounted for a further 30%.

In terms of the main suppliers, Ukraine, with a CAGR of +56.5%, saw the highest rates of growth with regard to the value of imports, 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, growing by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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 UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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