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Japan - Artificial Corundum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingArtificial Corundum Price in Japan - 2023
Contents:
- Artificial Corundum Price in Japan (CIF) - 2023
- Artificial Corundum Price in Japan (FOB) - 2023
- Artificial Corundum Imports in Japan
- Artificial Corundum Exports in Japan
Artificial Corundum Price in Japan (CIF) - 2023
The average artificial corundum import price stood at $930 per ton in September 2023, with an increase of 5.1% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 14% against the previous month. Over the period under review, average import prices attained the maximum at $1,042 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,177 per ton), while the price for China ($845 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 Austria (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Artificial Corundum Price in Japan (FOB) - 2023
The average artificial corundum export price stood at $2,170 per ton in September 2023, waning by -2.5% against the previous month. Over the period under review, the export price saw a slight descent. The pace of growth was the most pronounced in March 2023 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,876 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was South Korea ($4,136 per ton), while the average price for exports to the United States ($930 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Artificial Corundum Imports in Japan
Artificial corundum imports into Japan contracted rapidly to 139K tons in 2022, waning by -19.3% against the year before. Overall, imports showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of 172K tons, and then contracted remarkably in the following year.
In value terms, artificial corundum imports reduced to $143M in 2022. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of $153M, and then dropped in the following year.
Import of Artificial Corundum in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 114 | 78.4 | 133 | 122 | 2.3% |
Austria | 7.4 | 5.4 | 6.3 | 6.0 | -6.8% |
South Korea | 3.5 | 2.4 | 4.4 | 4.7 | 10.3% |
Bahrain | 4.8 | 3.2 | 3.2 | 3.9 | -6.7% |
Others | 6.8 | 5.1 | 5.8 | 6.6 | -1.0% |
Total | 136 | 94.5 | 153 | 143 | 1.7% |
Top Suppliers of Artificial Corundum to Japan in 2022:
- China (123.0K tons)
- South Korea (4.2K tons)
- Bahrain (3.9K tons)
- Austria (3.8K tons)
Artificial Corundum Exports in Japan
In 2022, artificial corundum exports from Japan dropped to 12K tons, which is down by -9.5% against 2021 figures. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
In value terms, artificial corundum exports shrank dramatically to $29M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, the exports reached the peak of $35M, and then declined remarkably in the following year.
Export of Artificial Corundum in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 9.9 | 7.8 | 11.6 | 8.3 | -5.7% |
China | 6.3 | 5.5 | 7.2 | 7.0 | 3.6% |
United States | 2.7 | 2.0 | 3.0 | 3.4 | 8.0% |
Thailand | 2.8 | 2.3 | 3.2 | 2.8 | 0.0% |
Brazil | 1.5 | 1.6 | 1.9 | 1.8 | 6.3% |
Taiwan (Chinese) | 1.4 | 1.5 | 1.8 | 1.7 | 6.7% |
United Arab Emirates | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
Indonesia | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
Sweden | 0.9 | 0.6 | 1.6 | 0.5 | -17.8% |
Others | 2.3 | 2.7 | 3.7 | 2.5 | 2.8% |
Total | 28.4 | 24.7 | 34.7 | 29.0 | 0.7% |
Top Export Markets for Artificial Corundum from Japan in 2022:
- South Korea (3.7K tons)
- China (2.1K tons)
- Brazil (1.5K tons)
- United States (1.5K tons)
- Thailand (1.1K tons)
- Taiwan (Chinese) (0.5K tons)
- United Arab Emirates (0.3K tons)
- Indonesia (0.2K tons)
- Sweden (0.2K tons)
This report provides an in-depth analysis of the artificial corundum market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
-
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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