Roskill - Expanding The World's Knowledge of Metals and Minerals Markets
Table of Contents
- 1. Summary
- 2. Mineralogy, occurrence and reserves of garnet
- 3. World production of industrial garnet
- 4. Producers and processors of industrial garnet
- 5. World consumption of industrial garnet
- 6. End-uses for industrial garnet
- 7. International trade in industrial garnet
- 8. Prices of industrial garnet
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Garnet
World production exceeds demand
Total world consumption of industrial garnet was estimated to be 245,000t in 1999, representing an increase of almost 44% since 1994/95, when total consumption was reported as being 170,000t. Demand for industrial garnet is expected to grow worldwide at the rate of 3-5% per year over the next five years. Abrasive blast cleaning and waterjet cutting are expected to be the markets that show the most growth. However, world production exceeds demand. Annual world production of industrial garnet has increased by over 80% since 1994. In 1999, world production of industrial garnet was estimated to be 335,000t, representing approximately 50% of the installed production capacity at year-end. There is general oversupply, with increased producer stocks being reported in the USA. Significant stocks of industrial garnet are also thought to be held in India and Australia. Given the excess production capacity in the marketplace, and possible future expansions, it is envisaged that overall prices for industrial garnet will decrease at a rate of 3-5% per year until supply and demand come into balance.
What the report gives you- Independent, in-depth research and analysis
- Essential market intelligence for successful business planning
- Detailed survey of production in 29 countries
- Up-to-date profiles of over 20 garnet producing and processing companies, and their activities, including Emerald Creek Garnet/Western Garnet International, Garnet Miller Associates (GMA) Pty. Ltd., and Vetri Vel Minerals Ltd.
- Forecasts for end-use consumption and world supply and demand
Report highlights
The world's reserves of industrial garnet are estimated to be at least 13,550,000t, and the reserve base is in excess of 72,000,000t. The major reserves are to be found in the USA, Australia, India and China.
India has become the world leader in the production of industrial garnet, with output rising from below 20,000t in 1990, to approximately 130,000t in 1999. Much of this rise is attributed to higher production by Vetri Vel Minerals, India's largest garnet producer.
Currently, the USA accounts for nearly 25% of the total world consumption of industrial garnet, which was estimated to be 245,000t in 1999. Western Europe accounts for 18% of demand, followed by the Middle East with 12% and India with 10%.
Very high rates of up to 15% per year have been predicted by some observers for the use of industrial garnet in waterjet cutting. However, since the end of the Cold War, a decline in defence industry expenditure has limited the potential for the use of waterjet cutting systems in the manufacture of parts for military aircraft. As the aerospace industry is a significant market for waterjet cutting, Roskill says that an annual growth rate of 5-7.5% is more likely for garnet in this sector.
Australia is now the major exporter of industrial garnet worldwide. Garnet Millers Associates has taken the lead in exports, with the USA being the principal market. Vetri Vel Minerals of India is the second largest exporting company.
Buy This Report Now
The Economics of Garnet, 3rd edition published 30/07/2000
88 pages, 56 tables and 12 figures.
ISBN 0 86214 842 1
Complete report price:
GBP 800
EUR 1400
USD 1600
plus postage/packing.