Rising regulatory approvals to drive bioglass fiber market expansion in Europe

March 9th, 2022 Global Market Insights Leave a comment

Over the recent years, an extensive array of bioglass benefits including good osteostimulativity, osteoconductivity, mechanical strength, and degradability have been instrumental in unlocking critical growth opportunities for bioglass fiber market players across the orthopedics application. Upon implantation into the body, these products effectively reinforce the bonding between hard and soft tissues, promote the formation of dense HA (hydroxyapatite) layer on the surface, and rapidly combine with bone tissue for inducing and accelerating the process of bone growth.

These properties of bioactive glass have propelled an increase in studies pertaining to BG application in numerous orthopedic areas comprising BG bone cement, BG nanoparticles, BG coating, BG nanofibers, drug and biological factor-load BG, BG scaffolds, injectable BG-based hydrogels/pastes, metal ion-loaded BG, and others. Similar initiatives are expected to augment bioglass fiber market size, which is anticipated to surpass USD 15.3 million by 2027, according to Global Market Insights Inc.

Here are a few key trends that are slated to stimulate the business landscape in the near future:

Rising demand for borate-based glass and glass ceramic products

While the market revenue from borate-based glass is estimated to exhibit a CAGR of 9% through the estimated period, the glass ceramic segment is expected to account for an appreciable valuation through 2027.

This growth can be attributed to the mounting adoption of glass ceramics in dental care products including corrosion inhibitors and filler materials. Optimum bone-grafting ability and good biocompatibility are additional factors expected to push product demand over the coming years.

Growing research activities pertaining to dental application

Numerous organizations are taking a keen interest in conducting research initiatives centered on the applicability of bioglass fiber in the field of dental care. One such study, published in May 2021, aimed at investigating the bioactivity and cytotoxicity of a novel nanocomposite containing nBGs (nanoparticles of bioactive glass) on human dental pulp stem cells (hDPSCs).

The research found that the use of nBG/BD not only enabled hDPSC proliferation and attachment but also escalated the expression of ALP in mineral-producing cells. The findings are slated to create opportunities for the deployment of nBG/BD in vital pulp therapies.

Europe bioglass fiber market: Increasing number of product approvals to drive business landscape in the region

The European region has recorded an upsurge in the approval of newly developed products by regulatory bodies across various countries. For instance, in May 2021, Prosidyan, Inc., secured two CE Marks for its FIBERGRAFT BG Morsels, FIBERGRAFT BG Putty GPS, and FIBERGRAFT BG Putty. Made from proprietary micro- and nano-sized bioactive glass fibers, the FIBERGRAFT substitute provides numerous advantages such as optimized rates of resorption, high surface area, and direct connectivity.

Steps taken by leading industry players: A brief overview

Major companies in the bioglass fiber industry comprise Mo-Sci Corporation (The Heraeus Group), Vetra Biomaterials, Corbion Biotech, Inc., Prosidyan, Inc., ETS Wound Care LLC., and others. These participants are depicting a greater inclination towards the implementation of strategic initiatives including collaborative agreements, mergers, and acquisitions for consolidating their position in the market.

For instance, in September 2021, The Heraeus Group acquired ETS Technology Holdings LLC and Mo-Sci Corporation. The move strengthened the group’s healthcare and medical technology portfolio, which comprises market leadership in the supply of medical devices and components.

In a nutshell, the increasing product adoption across healthcare systems in developed countries, owing to multiple benefits such as voluntary funding, government schemes, and attractive medical insurances, is expected to bolster bioglass fiber market share through the forthcoming years.

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Mexico’s Fermented Beverage Exports to the U.S. Skyrocket

March 8th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. – Cider, Perry, Mead And Other Fermented Beverages – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

American imports of fermented beverages, such as cider, perry and mead, recorded a twofold increase last year. In 2020, the U.S. imported 243M litres of fermented beverages worth $514M. Mexico sharply increased exports to the U.S., topping the supplier country ranking. Canada and Spain followed Mexico, also ramping up exports significantly. The U.S.’s average fermented beverage import price recorded an 11%-slump, amounting to $2.1 per litre.

American Fermented Beverage Imports

In 2020, the amount of cider, perry, mead and other fermented beverages imported into the U.S. soared to 243M litres, increasing twofold compared with 2019. In value terms, cider, perry and mead imports skyrocketed from $284M in 2019 to $514M (IndexBox estimates) in 2020.

Mexico (108M litres), Canada (56M litres) and Spain (15M litres) were the leading suppliers of cider, perry and mead imports to the U.S., with a combined 74% share of total imports.

Last year, the most notable rate of growth in terms of purchases amongst the leading suppliers was attained by Mexico. Mexican fermented beverage supplies to the U.S. increased from 1.5M litres in 2019 to 108M litres in 2020. Canada (+5.6% y-o-y) and Spain (+14.3% y-o-y) also recorded positive paces of export growth.

In value terms, Mexico ($222M) constituted the largest supplier of cider, perry and mead to the U.S., comprising 43% of total imports. The second position in the ranking was occupied by Canada ($106M), with a 21% share of total imports, and it was followed by Japan, with an 11% share.

In 2020, the average fermented beverage import price amounted to $2.1 per litre, shrinking by -11% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($9.3 per litre), while the price for fermented beverages imported from the Netherlands ($0.9 per litre) was amongst the lowest. In 2020, the UK attained the most notable growth rate in terms of prices, while the prices for the other significant supplying countries experienced more modest paces of growth.

Source: IndexBox Platform

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European Trade in Natural Colouring Matters Peaks Near $720M

March 8th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘EU – Colouring Matter Of Vegetable Or Animal Origin – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

Over the past decade, European exports of natural colouring matters expanded from $494M in 2010 to $720M in 2020. Spain, the Netherlands, Italy, Denmark, Germany and France represent major European exporters of natural colouring matters, accounting for 89% of the total export volume in the EU. The Netherlands, Italy, France, Germany, Spain and Denmark comprise the largest natural colouring matter importers in the EU.

Natural Colouring Matter Exports in the EU

In 2020, approx. 47K tonnes of colouring matters of vegetable or animal origin were exported in the EU, waning by -2.7% in 2019. The total export volume increased at an average annual rate of +3.1% from 2010 to 2020.

In value terms, colouring matter exports spiked from $651M in 2019 to $720M (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +3.8% from 2010 to 2020.

The most significant shipments were recorded from Spain (12K tonnes), the Netherlands (8.8K tonnes), Italy (7.1K tonnes), Denmark (5.4K tonnes), Germany (4.5K tonnes) and France (3.7K tonnes), together reaching 89% of total export. Ireland (1.3K tonnes) and Austria (1.1K tonnes) followed a long way behind the leaders.

In value terms, the largest colouring matter supplying countries in the EU were the Netherlands ($143M), Spain ($116M) and Denmark ($113M), together comprising 52% of total exports. These countries were followed by Germany, Italy, France, Ireland and Austria, which together accounted for a further 43%.

Over the past decade, Austria (+23% per year) recorded the highest growth rate of the value of exports, while the other leaders experienced more modest paces of growth.

In 2020, the export price for colouring matters of vegetable or animal origin in the EU amounted to $15,228 per tonne, surging by 14% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Ireland, while Spain was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the other leaders experienced more modest paces of growth.

European Largest Importers of Natural Colouring Matters

In 2020, the Netherlands (13K tonnes), distantly followed by Italy (8.3K tonnes), France (5.3K tonnes), Germany (5K tonnes), Spain (4.8K tonnes) and Denmark (3K tonnes) represented the leading importers of colouring matter of vegetable or animal origin, together achieving 79% of total imports. The following importers – Belgium (2.1K tonnes), Ireland (1.4K tonnes), Austria (1.3K tonnes) and Poland (1.3K tonnes) – together made up 12% of total imports.

In value terms, Germany ($108M), Spain ($97M) and France ($77M) constituted the countries with the highest levels of imports in 2020, with a combined 46% share of total imports. Italy, the Netherlands, Denmark, Belgium, Ireland, Poland and Austria lagged somewhat behind, together comprising a further 45%.

Source: IndexBox Platform

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Germany Expanded Lactam Imports More Than Tenfold to $6.8B in Past Decade

March 8th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Lactams From Heterocyclic Compounds – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

From 2010 to 2020, Germany boosted purchases abroad by thirteen times, from $0.5B to $6.8B, and became the world’s leading lactam importer in value terms. The U.S. ($3.4B) and Italy ($1.4B) followed Germany. Most lactam supplies come to the global market from Belgium ($1.7B), Japan ($303M) and China ($367M), which became the fastest-growing lactam exporter in the past decade.

Global Imports of Lactams from Heterocyclic Compounds

Total overseas purchases of lactams from heterocyclic compounds in the world grew from 1.1M tonnes in 2019 to 1.2M tonnes in 2020. In value terms, global lactam imports rose from $19.7 to $20.8B (IndexBox estimates).

The largest lactam importing markets worldwide were Germany ($6.8B), the U.S. ($3.4B) and Italy ($1.4B), together accounting for 56% of global imports in 2020.

Over the past decade, Germany (+30.4% per year) saw the highest growth rates of the import value, while purchases for the other global leaders experienced more modest paces of growth.

In physical terms, China (280K tonnes), Taiwan (Chinese) (209K tonnes) and Germany (195K tonnes) represented the leading importers of lactams from heterocyclic compounds in the world, committing 58% of total import. They were distantly followed by Italy (105K tonnes) and India (58K tonnes), creating a 14% share of total imports. The following importers – Switzerland (49K tonnes), South Korea (48K tonnes), Slovenia (34K tonnes), Belgium (31K tonnes), Viet Nam (27K tonnes), the U.S. (21K tonnes) and Indonesia (19K tonnes) – together made up 19% of total imports.

In 2020, the average lactam import price amounted to $17,538 per tonne, approximately mirroring the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($162,254 per tonne), while Taiwan (Chinese) ($1,255 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

World’s Largest Suppliers of Lactams from Heterocyclic Compounds

Belgium ($1.7B) remains the largest lactam supplier worldwide, comprising 10% of global exports. The second position in the ranking was occupied by China ($367M), with a 2.2% share of global exports. It was followed by Japan ($303M), with a 1.6% share.

China emerged as the fastest-growing supplier of lactams from heterocyclic compounds over the past decade. From 2010 to 2020, exports from China expanded from $0.1B to $0.4B.

Source: IndexBox Platform

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Global Aluminium Market: Russia Could Lose Export Earnings, Europe to See Higher Prices

March 4th, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Aluminum – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The global aluminium market will see significant changes this year. Due to sanction restrictions, many key importers may refuse purchases from Russia, which could result in global supply chain disruptions. Russia is the second-largest supplier in the global aluminium market, accounting for 11% of total supplies.

Approximately 78% of Russian aluminium exports are sent to ten countries, namely Turkey (20%), Japan (14%), China (10%), the Netherlands (9%), the U.S. (7%), Greece (5%), Chinese Taiwan (4%), Italy (3%), South Korea (3%), and Norway (3%). Financial and logistic sanctions posed on Russia amid its conflict with Ukraine could damage supply chains, leading to local metal shortages in European countries and the U.S. and higher aluminium prices. Russia may lose its share in global aluminium exports due to possible secondary sanctions on countries that will continue importing from the country. Competitors like Canada and India are also likely to attempt to drive out Russia from the market.

Russia’s Aluminium Exports

In 2021, the amount of aluminum exported from Russia soared to 4M tonnes, rising by 50% compared with the previous year. In value terms, supplies skyrocketed to $7.9B.

Turkey (807K tonnes), Japan (542K tonnes) and China (410K tonnes) were the main destinations of aluminum exports from Russia, with a combined 44% share of total volume. In value terms, Turkey ($1.5B), Japan ($1.1B) and China ($720M) constituted the largest markets for aluminum exported from Russia worldwide, together comprising 42% of total supplies.

In terms of the main countries of destination, China saw the highest growth rate of the value of exports in 2021. Supplies to China rose more than threefold, while shipments for the other leaders experienced more modest paces of growth.

Global Aluminium Exports in 2020

The amount of aluminium exported worldwide stood at 24M tonnes in 2020, increasing by 2.3% on the year before. In value terms, supplies amounted to $44.7B.

The shipments of the eight major exporters of aluminium, namely Canada (2.9M tonnes), Russia (2.7M tonnes), India (2.1M tonnes), the United Arab Emirates (2.0M tonnes), the Netherlands (1.9M tonnes), Malaysia (1.5M tonnes), Australia (1.4M tonnes) and Norway (1.3M tonnes), represented more than half of total supplies. The following exporters – South Africa (594K tonnes), Germany (482K tonnes), Saudi Arabia (476K tonnes), Bahrain (469K tonnes) and the U.S. (424K tonnes) – each finished at a 10% share of total volume.

In value terms, Canada ($5.4B), Russia ($4.2B) and India ($3.9B) were the countries with the highest levels of exports in 2020, with a combined 30% share of global supplies. The Netherlands, the United Arab Emirates, Norway, Malaysia, Australia, South Africa, Saudi Arabia, Germany, Bahrain and the U.S. lagged somewhat behind, comprising a further 43%.

Leading Aluminium Importers

In 2020, the U.S. (3.5M tonnes), followed by the Netherlands (2.2M tonnes), Japan (2.1M tonnes), Germany (1.9M tonnes), Malaysia (1.6M tonnes), South Korea (1.4M tonnes), and Turkey (1.2M tonnes) represented the major importers of aluminium, together mixing up 57% of total purchases. Italy (1,058K tonnes), Poland (675K tonnes), Spain (657K tonnes), Taiwan (Chinese) (602K tonnes), Thailand (583K tonnes) and Mexico (512K tonnes) followed a long way behind the leaders.

In value terms, the U.S. ($7B), the Netherlands ($4.1B) and Germany ($3.8B) constituted the countries with the highest levels of imports in 2020, with a combined 32% share of global supplies.

Source: IndexBox Platform

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Sunflower Seed Prices to Remain Stable with Record Production Expected in 2022

March 3rd, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Sunflower Seed – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

This year, sunflower seed prices are forecast to remain stable due to record global production, which is to reach the highest level of 57.3M tonnes.

Sunflower seed prices are projected to remain stable due to a significant increase in global production this year. The average sunflower seed price in the U.S. is estimated at $32 per cwt ($630 per tonne) in February 2022 (IndexBox estimates based on USDA data).

This year, global sunflower seed output is to rise by 20% y/y to 57.3M tonnes, the highest level ever. Favourable weather should further stimulate production growth in Ukraine and Russia. Last year, Ukraine’s harvests reached a record 23.2M tonnes, a 19%-increase compared to 2020. Production in Russia grew by 17% y/y, amounting to 15.5M tonnes in 2021. Higher outputs are expected in South America, where harvesting season begins. Steadily growing U.S. demand for trans-fat free high- and mid-oleic oils could stimulate farmers to expand sunflower seed acres.

Global sunflower seed exports are to rise by 4% y/y to 7.3M tonnes in 2022. The world’s ending stocks will expand by 12% y/y to 2.4M tonnes.

Global Sunflower Seed Exports by Country

In 2020, global sunflower seed exports dropped to 7M tonnes, reducing by -3.9% against 2019 figures. In value terms, supplies expanded sharply to $4.7B (IndexBox estimates).

Romania (1.5M tonnes) and Russia (1.4M tonnes) represented the largest exporters of sunflower seed worldwide, together amounting to approx. 42% of total supplies. Bulgaria (818K tonnes) occupied the following position in the ranking, followed by China (508K tonnes), France (424K tonnes), Moldova (381K tonnes) and Hungary (352K tonnes). All these countries together took approx. 36% share of total exports. Kazakhstan (257K tonnes), Argentina (206K tonnes), Ukraine (188K tonnes), Slovakia (154K tonnes), Serbia (145K tonnes) and Turkey (115K tonnes) followed a long way behind the leaders.

In value terms, the largest sunflower seed supplying countries worldwide were Romania ($699M), China ($648M) and Russia ($563M), with a combined 41% share of global exports.

In terms of the main exporting countries, Russia recorded the highest growth rate of exports, doubling the value in 2020.

Top Leading Sunflower Seed Importers Worldwide

The countries with the highest levels of sunflower seed imports in 2020 were Turkey (1,207K tonnes), Bulgaria (1,021K tonnes) and the Netherlands (762K tonnes), together recording 44% of total volume. It was distantly followed by Spain (403K tonnes), Germany (393K tonnes) and France (326K tonnes), together comprising a 16% share of total imports. Romania (251K tonnes), Portugal (223K tonnes), the Czech Republic (213K tonnes), China (181K tonnes), Italy (160K tonnes), Austria (156K tonnes) and the U.S. (156K tonnes) followed a long way behind the leaders.

In value terms, the largest sunflower seed importing markets worldwide were Turkey ($628M), Bulgaria ($498M) and the Netherlands ($366M), together comprising 31% of global imports.

Source: IndexBox Platform

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U.S. Biodiesel Market: Price Rally to Continue in 2022, Making Biofuel Uncompetitive

February 23rd, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘U.S. – Biodiesel – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

Biodiesel prices in the U.S. soared by 59% y/y last year, making biofuel less competitive compared to fossil fuels. The average FOB price for American biodiesel B100 was $5.58 per gallon in November 2021, while the on-highway average price for conventional diesel was $3.74 per gallon.

Biodiesel prices skyrocketed in the U.S. in 2021, and their growth is to continue this year. According to USDA data, the average spot FOB export price for biodiesel B100 from the plants in Illinois, Indiana and Ohio reached $5.58 per gallon in November 2021, surging by 59% against 2020. The on-highway average price for conventional diesel soared by 41% y/y to $3.64 per gallon, remaining much lower than those of biodiesel.

The rising costs of vegetable raw materials and energy were the key reasons for the biodiesel price increase and will further propel the biofuel prices this year. According to World Bank’s forecast, the price for soybean oil, one of the significant raw inputs for biodiesel production, is set to grow by nearly 4% totalling $1,425 per tonne in 2022. The cost of fossil fuels is also projected to remain at the high level of 2021, which implies increased expenditures for energy in biodiesel manufacturing.

U.S. Biodiesel Exports by Country

Biodiesel exports from the U.S. surged to 476K tonnes in 2020, rising by 25% from the previous year’s figure. In value terms, supplies fell modestly to $381M (IndexBox estimates).

Canada (424K tonnes) was the leading destination for exports from the U.S., with an 89% share of total supplies. Moreover, exports to Canada exceeded the volume sent to the second major destination, Peru (19K tonnes), more than tenfold. The Netherlands (14K tonnes) held the third position in this ranking, with a 2.9% share.

In value terms, Canada ($351M) remains the key foreign market for biodiesel from the U.S., comprising 92% of total exports. The Netherlands ($9.9M) held the second position in the ranking, with a 2.6% share of total supplies. It was followed by Peru, with a 2.3% share.

Source: IndexBox Platform

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U.S. Orange Juice Prices Skyrocket on Low Output in Florida

February 23rd, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘World – Unconcentrated Orange Juice – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Instigated by low production in Florida, the monthly average retail price for 16 oz of orange juice concentrate in the U.S. peaked at $2.65 in December 2021. Although U.S. orange juice output is expected to drop, global production is forecast to rise by 11% to over 1.9M tonnes in 2022 due to high output in Brazil.

Orange juice prices skyrocketed in the U.S. on decreased production in Florida. The monthly average retail price for 16 oz of orange juice concentrate in the U.S. peaked at $2.65 in December 2021, rising by 14% from the figure of December 2020.

According to IndexBox estimated based on USDA data, U.S. orange juice production is forecast to drop by 6.5% y/y to 215K tonnes in 2022 owing to reduced output in Florida, where plantations were affected by citrus greening. U.S. ending stocks are projected to remain stable at the level of 246K tonnes this year.

Global production is expected to grow by 11% y/y to 1.9M tonnes thanks to increasing outputs in Brazil and Mexico, offsetting U.S. and EU production declines. World’s consumption is set to match production but continue its long’term downward trend.

Brazil’s orange juice production is projected to rise by 16% y/y to 1.1M tonnes in 2022. Mexico is forecast to produce 170K tonnes, 25% more than a year earlier.

EU orange juice production is set to fall by 10% y/y to 70K tonnes on reduced volumes of fruits available for processing. To compensate for the losses, the EU is projected to ramp up imports, primarily from Brazil.

Global Orange Juice Imports by Country

In 2020, global orange juice imports soared to 2.9M tonnes, jumping by 16% compared with 2019 figures. In value terms, orange juice supplies expanded rapidly to $2.1B (IndexBox estimates).

The countries with the highest levels of orange juice (single strength) imports in 2020 were Belgium (626K tonnes), France (498K tonnes) and the Netherlands (459K tonnes), together comprising 54% of the total imports. Germany (306K tonnes) ranks next with a 10% share, followed by the UK (9.4%), the U.S. (7.9%) and Canada (4.5%).

In value terms, France ($376M), Belgium ($284M) and the Netherlands ($241M) were the most significant orange juice (single strength) importing markets worldwide, with a combined 44% share of global imports.

In 2020, Belgium recorded the highest growth rates of imports, expanding purchases fourfold, while supplies into other countries experienced more modest paces of growth.

In 2020, the average orange juice (single strength) import price amounted to $704 per tonne, shrinking by -7.9% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada, while Belgium was amongst the lowest.

Source: IndexBox Platform

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Germany Expands Electrical Capacitor Imports 40% to Over $2B

February 22nd, 2022 IndexBox Leave a comment

IndexBox has just published a new report: ‘Germany – Electrical Capacitors – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Germany, the second-largest importer in the global electrical capacitor market, increased purchases last year. In Q1-Q3 2021, its electrical capacitor imports totalled $2B, rising by 40% compared to the same period of 2020.

During Q1-Q3 2021, Germany imported electrical capacitors worth $2B, 40% more than in the same period a year earlier. Japan, China and South Korea remain the major providers of electrical capacitors to Germany. In Q1-Q3 2021, imports from China amounted to $333M, soaring by 55% against the same period in 2020. During that time, Japan expanded capacitor exports to Germany by 41% to $597M, while shipments from Korea surged by 34% to $147M.

Germany Electrical Capacitor Imports by Country

In 2020, the volume of electrical capacitors imported into Germany shrank markedly to 29K tonnes, which is down by -16.9% compared with 2019. In value terms, supplies fell markedly to $2B (IndexBox estimates).

Japan ($667M) constituted the largest supplier of capacitors to Germany, comprising 34% of total imports. The second position in the ranking was occupied by China ($319M), with a 16% share of total purchases. It was followed by South Korea, with a 7.7% share.

Overview of Global Electrical Capacitor Imports

Global capacitor imports totalled $31B in 2020. Multilayer ceramic capacitors ($19.1B) constituted the largest type of electrical capacitors imported worldwide, comprising 62% of global supplies. Aluminium electrolytic capacitors ($5B), with a 16% share of global imports, took second position in the ranking. Other types of capacitors comprised 22% of total supplies.

The largest capacitor importing markets were China ($8.8B), Hong Kong SAR ($5.4B) and Germany ($2B), together comprising 52% of global imports. The U.S., South Korea, Mexico, Singapore, Viet Nam, Malaysia, Thailand, the Czech Republic, Hungary and India lagged somewhat behind, comprising a further 29%.

Source: IndexBox Platform

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Artificial Corundum Exports from China Surge Twofold, Recovering from Previous Year’s Slump

February 15th, 2022 IndexBox Leave a comment

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

Rising regulatory approvals to drive bioglass fiber market expansion in Europe

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