Report Update Nov 1, 2024

Saudi Arabia - Artificial Corundum - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Artificial Corundum Market 2024

Artificial Corundum Market Size in Saudi Arabia

The Saudi artificial corundum market declined notably to $X in 2021, shrinking by -17.1% against the previous year. Overall, consumption continues to indicate a mild downturn. Artificial corundum consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Artificial Corundum Production in Saudi Arabia

In value terms, artificial corundum production fell remarkably to $X in 2021 estimated in export price. Overall, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 52% against the previous year. Artificial corundum production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Artificial Corundum Exports

Exports from Saudi Arabia

In 2021, shipments abroad of artificial corundum increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 405% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, artificial corundum exports surged to $X in 2021. In general, exports posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 156% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) was the main destination for artificial corundum exports from Saudi Arabia, accounting for a 84% share of total exports. Moreover, artificial corundum exports to Bahrain exceeded the volume sent to the second major destination, Italy (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Bahrain totaled +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the United Arab Emirates (-46.8% per year).

In value terms, the largest markets for artificial corundum exported from Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Italy ($X).

Italy, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($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 United Arab Emirates (+59.5%).

Artificial Corundum Imports

Imports into Saudi Arabia

In 2016, the amount of artificial corundum imported into Saudi Arabia totaled X tons, remaining relatively unchanged against 2015 figures. In general, imports recorded a relatively flat trend pattern. Imports peaked in 2016 and are likely to continue growth in years to come.

In value terms, artificial corundum imports totaled $X in 2016. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked in 2016 and are expected to retain growth in the immediate term.

Imports by Country

In 2016, Brazil (X tons) was the main supplier of artificial corundum to Saudi Arabia, accounting for a approx. 99% share of total imports.

From 2016 to 2016, the average annual rate of growth in terms of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of artificial corundum to Saudi Arabia.

From 2016 to 2016, the average annual growth rate of value from Brazil was relatively modest.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial corundum in the world?

China constituted the country with the largest volume of artificial corundum consumption, 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, accounting for 43% of total volume. Moreover, artificial corundum production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Brazil ranked third in terms of total production with a 6% share.

What are the leading suppliers of artificial corundum to Saudi Arabia?

In value terms, Brazil constituted the largest supplier of artificial corundum to Saudi Arabia.

What are the leading importers of artificial corundum from Saudi Arabia?

In value terms, Bahrain remains the key foreign market for artificial corundum exports from Saudi Arabia.

What is the average export price for artificial corundum in Saudi Arabia?

In 2020, the average artificial corundum export price amounted to $307 per ton, with a decrease of -2.3% against the previous year.

What is the average import price for artificial corundum in Saudi Arabia?

In 2016, the average artificial corundum import price amounted to $553 per ton, remaining stable against the previous year.

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

Saudi Arabia

Data coverage:

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