MERCOSUR: Artificial Corundum Market 2024

Artificial Corundum Market Size in MERCOSUR

The MERCOSUR artificial corundum market reduced to $X in 2023, declining by X% against the previous year. Overall, consumption continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Artificial Corundum Production in MERCOSUR

In value terms, artificial corundum production fell to $X in 2023 estimated in export price. Over the period under review, production showed a perceptible decline. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Artificial Corundum Exports

Exports in MERCOSUR

In 2023, after two years of growth, there was significant decline in shipments abroad of artificial corundum, when their volume decreased by X% to X tons. Over the period under review, exports saw a pronounced downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, artificial corundum exports dropped remarkably to $X in 2023. Overall, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Brazil (X tons) was the main exporter of artificial corundum in MERCOSUR, committing X% of total export.

Brazil was also the fastest-growing in terms of the artificial corundum exports, with a CAGR of X% from 2012 to 2023. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest artificial corundum supplier in MERCOSUR.

In Brazil, artificial corundum exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price enjoyed a slight increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Artificial Corundum Imports

Imports in MERCOSUR

In 2023, artificial corundum imports in MERCOSUR plummeted to X tons, waning by X% compared with the previous year's figure. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, artificial corundum imports dropped significantly to $X in 2023. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons) represented the key importer of artificial corundum, committing X% of total imports. Argentina (X tons) took the second position in the ranking, distantly followed by Colombia (X tons). All these countries together took near X% share of total imports. The following importers - Peru (X tons) and Chile (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to artificial corundum imports into Brazil stood at X%. Colombia experienced a relatively flat trend pattern. Peru (X%), Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported artificial corundum in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, artificial corundum imports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Colombia ($X per ton) and Argentina ($X per ton), while Chile ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform