Turkey - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in Turkey - 2023
Contents:
- Artificial Corundum Price in Turkey (CIF) - 2023
- Artificial Corundum Price in Turkey (FOB) - 2022
- Artificial Corundum Imports in Turkey
- Artificial Corundum Exports in Turkey
Artificial Corundum Price in Turkey (CIF) - 2023
In September 2023, the average artificial corundum import price amounted to $966 per ton, with a decrease of -3.8% against the previous month. In general, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 30% m-o-m. As a result, import price reached the peak level of $1,361 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,712 per ton), while the price for Bosnia and Herzegovina ($570 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Artificial Corundum Price in Turkey (FOB) - 2022
The average artificial corundum export price stood at $1,818 per ton in 2022, with an increase of 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 when the average export price increased by 42%. As a result, the export price attained the peak level of $2,178 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($2,786 per ton), while the average price for exports to Turkmenistan ($1,372 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in Turkey
In 2022, the amount of artificial corundum imported into Turkey skyrocketed to 59K tons, picking up by 24% against the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, artificial corundum imports soared to $77M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Artificial Corundum in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.4 | 20.3 | 24.1 | 41.4 | 28.7% |
Bahrain | 4.5 | 2.6 | 4.6 | 10.4 | 32.2% |
Austria | 5.6 | 5.4 | 7.9 | 7.0 | 7.7% |
Germany | 2.9 | 4.6 | 5.2 | 6.6 | 31.5% |
Brazil | 0.7 | 1.0 | 2.4 | 3.3 | 67.7% |
France | 2.7 | 1.6 | 2.5 | 2.0 | -9.5% |
Ukraine | 0.7 | 1.1 | 2.2 | 1.3 | 22.9% |
Bosnia and Herzegovina | 0.4 | 0.8 | 1.0 | 1.3 | 48.1% |
Others | 2.0 | 3.6 | 3.6 | 3.1 | 15.7% |
Total | 38.8 | 41.0 | 53.5 | 76.5 | 25.4% |
Top Suppliers of Artificial Corundum to Turkey in 2022:
- China (34.6K tons)
- Bahrain (9.0K tons)
- Germany (3.5K tons)
- Austria (2.8K tons)
- Bosnia and Herzegovina (2.4K tons)
- Brazil (2.3K tons)
- France (1.4K tons)
- Ukraine (1.1K tons)
Artificial Corundum Exports in Turkey
In 2022, the amount of artificial corundum exported from Turkey skyrocketed to 1.1K tons, jumping by 24% against the previous year. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 770% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, artificial corundum exports skyrocketed to $2M in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 706% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Artificial Corundum in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | 5.0 | 609 | 1,342 | 1538.3% |
United States | N/A | N/A | 636 | 396 | -37.7% |
Azerbaijan | 21.6 | 13.4 | 36.7 | 57.5 | 38.6% |
Turkmenistan | N/A | 0.3 | N/A | 49.4 | 1183.2% |
Iran | 14.8 | N/A | N/A | 32.4 | 29.8% |
Poland | 46.0 | N/A | 70.1 | N/A | 23.4% |
Others | 96.5 | 155 | 45.0 | 102 | 1.9% |
Total | 179 | 173 | 1,397 | 1,979 | 122.8% |
Top Export Markets for Artificial Corundum from Turkey in 2022:
- Russia (742.0 tons)
- United States (214.7 tons)
- Turkmenistan (36.0 tons)
- Azerbaijan (20.6 tons)
- Iran (20.0 tons)
This report provides an in-depth analysis of the artificial corundum market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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