Artificial Corundum Exports from China Surge Twofold, Recovering from Previous Year’s Slump
IndexBox has just published a new report: ‘China – Artificial Corundum – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.
China strengthens its leading position in the global artificial corundum market as a major supplier. In January-August 2021, its exports spiked by 41% compared to the same period of the previous year, totaling 581K tonnes. In monetary terms, supplies grew nearly twofold to $679M. The key China’s artificial corundum buyers, Japan, India and South Korea, increased their purchases more than twofold, while shipments to the Netherlands rose threefold in value. In January-August 2021, the average export price of artificial corundum from China was 39% higher than in the same period of 2020.
China’s Artificial Corundum Exports
From January to August 2021, China boosted artificial corundum exports to 581K tonnes, a 41%-increase against the same period in 2020. In value terms, supplies rose twofold, reaching $679M. Exports to Japan and South Korea grew twofold to $130M and $80M, respectively. The Netherlands boosted corundum purchases from China threefold to $52M, while shipments to India doubled to $57M. In January-August 2021, the average export price of China’s corundum jumped by 39% compared to those of the same period of 2020.
In 2020, approx. 623K tonnes of artificial corundum were exported from China, declining by -20% compared with the year before. In value terms, artificial corundum exports shrank to $584M (IndexBox estimates).
Japan (96K tonnes), the U.S. (77K tonnes), and India (57K tonnes) were the main destinations of artificial corundum exports from China, together comprising 37% of total volume. These countries were followed by South Korea, Taiwan (Chinese), Turkey, Thailand, Belgium, the Netherlands, Germany, Italy, Iran and Poland, which accounted for a further 42%.
In value terms, the largest markets for artificial corundum exported from China were Japan ($90M), South Korea ($58M) and the U.S. ($55M), together accounting for 35% of total supplies. Taiwan (Chinese), India, Belgium, Thailand, Turkey, Germany, the Netherlands, Italy, Poland and Iran lagged somewhat behind, comprising a further 41%.
Source: IndexBox Platform
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