United Arab Emirates: Artificial Corundum Market 2024

Artificial Corundum Market Size in the United Arab Emirates

The artificial corundum market in the United Arab Emirates surged to $X in 2021, jumping by 98% against the previous year. In general, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Artificial Corundum Production in the United Arab Emirates

In value terms, artificial corundum production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. Artificial corundum production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Artificial Corundum Exports

Exports from the United Arab Emirates

For the eighth consecutive year, the United Arab Emirates recorded growth in shipments abroad of artificial corundum, which increased by 22% to X tons in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 177%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, artificial corundum exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 172%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Iran (X tons) was the main destination for artificial corundum exports from the United Arab Emirates, with a 93% share of total exports. Moreover, artificial corundum exports to Iran exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Poland (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iran totaled +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+88.3% per year) and Poland (+151.4% per year).

In value terms, Iran ($X) remains the key foreign market for artificial corundum exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was taken by China ($X), with a 2.9% share of total exports. It was followed by Poland, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran totaled +58.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+62.1% per year) and Poland (+124.3% per year).

Export Prices by Country

The average artificial corundum export price stood at $X per ton in 2021, dropping by -1.7% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Germany ($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 Germany (-5.1%), while the prices for the other major destinations experienced a decline.

Artificial Corundum Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of artificial corundum increased by 42% to X tons, rising for the third consecutive year after three years of decline. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 223%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, artificial corundum imports soared to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 120%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of artificial corundum to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, artificial corundum imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. The third position in this ranking was taken by Bahrain (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.1% per year) and Bahrain (+7.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of artificial corundum to the United Arab Emirates, comprising 66% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Bahrain, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +64.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.1% per year) and Bahrain (+17.6% per year).

Import Prices by Country

In 2021, the average artificial corundum import price amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, the import price posted a notable increase. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Japan ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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