In 2023, Germany led global artificial corundum imports with $15.61 million, followed by the United States and Japan at $13.71 million and $10.61 million, respectively. Other major importers include Austria, South Korea, and Italy. These top six countries represent a significant share of the global market, indicating a concentration of industrial applications in these regions.
Year-on-year variations indicate some notable shifts. Germany, the United States, and Japan showed moderate increases, while Austria and Italy displayed relatively larger growths of 1.38% and 1.58%, respectively. South Korea experienced a significant 1.74% rise. Conversely, China saw a substantial decline of 6.24%, signaling possible shifts in domestic production or supply chain adjustments.
Countries like Argentina and Oman saw remarkable growths of 6.88% and 11.05%, suggesting emerging markets. Saudi Arabia exhibited an unprecedented 77.4% increase, likely due to new industrial projects or import strategies. Meanwhile, Mauritius and Malta faced severe contractions of 34.2% and 56.71%, respectively, indicating economic or industrial challenges.
Future trends to watch include the potential rise of emerging markets such as Argentina and Oman, which show strong growth, and the impact of technological advancements and policy changes on China's declining import share. Keeping an eye on Saudi Arabia's strategic movements could also provide insights into significant shifts in the global market.
Top countries in Import of Artificial Corundum Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.61 | 2023 | +2.71% | +1.69% | View data |
| 2 | 2 United States | 13.71 | 2023 | +1.74% | +0.63% | View data |
| 3 | 3 Japan | 10.61 | 2023 | +1.51% | +0.46% | View data |
| 4 | 4 Austria | 7.92 | 2023 | +1.94% | +1.38% | View data |
| 5 | 5 South Korea | 6.7 | 2023 | +1.92% | +1.74% | View data |
| 6 | 6 Italy | 6.17 | 2023 | +2.73% | +1.58% | View data |
| 7 | 7 Poland | 4.17 | 2023 | +2.66% | -1.03% | View data |
| 8 | 8 Russia | 4 | 2023 | +3.31% | +2.85% | View data |
| 9 | 9 Belgium | 3.4 | 2023 | +3.8% | +2.58% | View data |
| 10 | 10 Thailand | 2.62 | 2023 | +2.32% | +2.74% | View data |
