Amid Asean trade liberalisation and clearer signs
of economic recovery in many overseas markets. Thai exporters
in a number of key sectors, including gems and jewellery, are
confident of seeing improved shipment during the course of this
Ms Nuntawan Sakuntanaga, director-general of the
International Trade Promotion Department, said the Commerce Ministry
targeted Thai export growth of 4 per cent to US$239.43 billion
for 2015. However, with falling oil prices, the target could be
missed because of slowing economic grownth in some countries,
although shipments should grow strongly in the Asean market under
the trade liberalisation provisions of the Asean Economic Community
The department projects total Thai export shipments
worth $230.26 billion for last year, representing only a slight
expansion of 0.8 per cent from the 2013 level. Based on the department's
target for this year, shipments to Asean are expected to grow
5.9 per cent, by 1 per cent to China, by 3 per cent to the US
by 5 per cent to the European Union and Australia and by 2 per
cent to japan and Africa. Exports to the Middle East are forecast
to increase 5 per cent, while stronger grownth of 10 per cent
is expected for shipments to India and Russia.
Future Market Insights have announced their new report
"orundum Market: Global Industry Analysis and Opportunity
Assessment 2015 -2025 "
Corundum is best known for the gem varieties ruby
and sapphire. Chemically corundum is nothing but aluminum oxide
and it can be easily synthesized industrially. Synthetic corundum
can be manufactured byaddind small quantities of colour producing
elements to the melt of corudum, which is then left to solidify
in a predetermined shape.
Although the gem and jewellery market accounts for
a constant demand for corundum minerals, price fluctuation of
the jewellery grade corundum is a major restraining factor for
the market. Moreover the political turmoil in certain African
countries such as Madagascar contributes to the gap in the demand
North America is one of the largest markets for corundum.
Europe also accounts for a considerable demand for corundum. The
demand is especially high from the manufacturing economies in
the region such as Germany, Turkey and the U.K. In the Asia Pacific
region. China is a major producer and consumer of artificial corundum.
Other than China, countries such as India, Thailand, Korea and
Japan are the major processors of corundum.
Natural corundum is mined from several countries
such as Myanmar, India, Thailand, Afghanistan, Cambodia, Sri Lanka
and Vietnam. In recent years some of the African countries have
turned out to be significant producers of corundum. Madagascar
is especilly rich in corundum, and it is found in abundance in
This research report presents a comprehensive assessment
of the market and contains thoughtful insights, facts, historical
data and statistically-supported and industry-validated market
data and projections with a suitable set of assumptions and methodology.
It provides analysis and information by categories such as market
segments, regions, product types and distribution channels.