The Netherlands Sees 3% Increase in Import Price of Artificial Corundum, Averaging $1,135 per Ton

The Netherlands Sees 3% Increase in Import Price of Artificial Corundum, Averaging $1,135 per Ton

Netherlands Artificial Corundum Import Price in June 2023

In June 2023, the average import price of artificial corundum in the Netherlands reached $1,135 per ton. This marked a 3.3% increase compared to the previous month, although the overall import price showed a relatively flat trend. The most significant growth in import price occurred in March 2023, with a 19% increase from the previous month. While the import price peaked at $1,237 per ton in December 2022, it remained somewhat lower from January to June 2023.

There was variation in average prices among the major supplying countries. Germany had the highest prices in June 2023, with artificial corundum priced at $1,300 per ton, while China had a slightly lower price of $1,120 per ton. On the other hand, Bahrain and Ukraine had relatively lower prices of $947 and $963 per ton, respectively.

The most notable growth in prices from June 2022 to June 2023 was observed in South Korea, with a 1.4% increase. Price declines were seen among the other major suppliers.

Netherlands Artificial Corundum Import Prices By Country (USD Per Ton)

Netherlands Artificial Corundum Imports

In June 2023, the Netherlands imported approximately 2.6K tons of artificial corundum. This reflected a decline of 17.6% compared to the previous month, indicating a contraction in imports. The most significant rate of growth in terms of import volume was recorded in January 2023, with a 221% increase from the previous month.

Regarding import value, artificial corundum imports dropped to $2.9M in June 2023, showing an overall decrease. The most pronounced growth in import value occurred in January 2023, with a 184% increase month-on-month.

Netherlands Artificial Corundum Imports by Country

China was the largest supplier of artificial corundum to the Netherlands in June 2023, accounting for 87% of total imports. Germany was the second-largest supplier, with a volume ten times smaller than China. Bahrain ranked third in terms of imports, constituting a 2.1% share.

From June 2022 to June 2023, China experienced a monthly volume growth rate of -7.3%, while Germany and Bahrain had monthly growth rates of -12.4% and -15.5%, respectively.

In terms of import value, China accounted for 86% of total imports, followed by Germany at 3.8%, and Brazil at 2.2%.

From June 2022 to June 2023, the monthly growth rate in import value from China was -7.9%, while Germany and Brazil had monthly growth rates of -14.3% and -0.2%, respectively.



Source: IndexBox Market Intelligence Platform

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