The import of artificial corundum to Germany has experienced fluctuations between 2013 and 2023, with a notable peak in 2018. The actual value in 2023 stood at 216.36 Million USD. Year-on-year variation revealed significant increases and decreases, including a substantial rise in 2018 (25.22%) and declines in 2015 (-18.27%) and 2020 (-14.39%). Over the five-year period from 2019 to 2023, the compound annual growth rate (CAGR) was 1.69%. The forecast for the next five years (2024-2028) anticipates a moderate CAGR of 2.03%, resulting in a projected growth rate of 10.57%, reaching 246.17 Million USD in 2028.
Future trends to watch for:
- Potential supply chain disruptions affecting import levels
- Impact of global trade policies and tariffs on artificial corundum imports
- Technological advancements and substitutions possibly influencing demand
- Economic fluctuations and their impact on industrial demand for artificial corundum
