The 2011 Import and Export
Market for Pumice Stone,
Emery, and Natural
Corundum, Natural Garnet,
Crushed Pumice, or Other
Natural Abrasives in Crude or
Irregular Pieces in Denmark
www.icongrouponline.com ©2011 ICON Group Ltd.
By
Professor Philip M. Parker, Ph. D.
Chaired Professor of Management Science
INSEAD (Singapore & Fontainebleau, France)
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iii
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About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.
Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.
About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.
Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.
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v
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Contents vi
Table of Contents
1 INTRODUCTION AND METHODOLOGY 7
2 DENMARK AND THE WORLD MARKET 9
2.1 Imports in Denmark in 2011 9
2.2 Exports from Denmark in 2011 9
3 IMPORTS IN DENMARK 10
3.1 Asia 10
3.1.1 India 10
3.2 Europe 11
3.2.1 Germany 11
4 EXPORTS FROM DENMARK 12
4.1 Africa 12
4.1.1 Ethiopia 12
4.2 Europe 13
4.2.1 Italy 13
4.2.2 Sweden 13
4.3 the Middle East 14
4.3.1 Saudi Arabia 14
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 15
5.1 Disclaimers & Safe Harbor 15
5.2 ICON Group Ltd. User Agreement Provisions 16
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Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed Pumice, or Other Natural Abrasives
in Crude or Irregular Pieces in Denmark 7
1 INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on pumice stone, emery, and
natural corundum, natural garnet, crushed pumice, or other natural abrasives in crude or irregular
pieces in Denmark face a number of questions. Which countries are supplying pumice stone,
emery, and natural corundum, natural garnet, crushed pumice, or other natural abrasives in crude
or irregular pieces to Denmark? How important is Denmark compared to others in terms of the
entire global and regional market? How much do the imports of pumice stone, emery, and
natural corundum, natural garnet, crushed pumice, or other natural abrasives in crude or irregular
pieces vary from one country of origin to another in Denmark? On the supply side, Denmark also
exports pumice stone, emery, and natural corundum, natural garnet, crushed pumice, or other
natural abrasives in crude or irregular pieces. Which countries receive the most exports from
Denmark? How are these exports concentrated across buyers? What is the value of these exports
and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for pumice stone, emery, and natural
corundum, natural garnet, crushed pumice, or other natural abrasives in crude or irregular pieces
in Denmark. With the globalization of this market, managers can no longer be contented with a
local view. Nor can managers be contented with out-of-date statistics which appear several years
after the fact. I have developed a methodology, based on macroeconomic and trade models, to
estimate the market for pumice stone, emery, and natural corundum, natural garnet, crushed
pumice, or other natural abrasives in crude or irregular pieces for those countries serving
Denmark via exports, or supplying from Denmark via imports. It does so for the current year
based on a variety of key historical indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Denmark fits into the world market for
imported and exported pumice stone, emery, and natural corundum, natural garnet, crushed
pumice, or other natural abrasives in crude or irregular pieces. The total level of imports and
exports on a worldwide basis, and those for Denmark in particular, is estimated using a model
which aggregates across over 150 key country markets and projects these to the current year.
From there, each country represents a percent of the world market. This market is served from a
number of competitive countries of origin. Based on both demand- and supply-side dynamics,
market shares by country of origin are then calculated across each country market destination.
These shares lead to a volume of import and export values for each country and are aggregated to
regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of
both the value of each market and the share that Denmark is likely to receive this year. From
these figures, rankings are calculated to allow managers to prioritize Denmark compared to other
major country markets. In this way, all the figures provided in this report are forecasts that can
be combined with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of pumice stone, emery,
and natural corundum, natural garnet, crushed pumice, or other natural abrasives in crude or
www.icongrouponline.com ©2011 ICON Group Ltd.
Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed Pumice, or Other Natural Abrasives
in Crude or Irregular Pieces in Denmark 8
irregular pieces, Chapter 3 goes into detail on imports, but for each major country of origin
serving Denmark. A “major” market is defined as a country where Denmark represents a
substantially large share of either imports or exports. For each major country exporting to
Denmark, one can thus observe how important Denmark is to that exporting country compared to
other countries of the world. Chapter 4 does the same, but for exports of pumice stone, emery,
and natural corundum, natural garnet, crushed pumice, or other natural abrasives in crude or
irregular pieces originating from Denmark, for each major country of destination. In doing so,
one can discover the share that Denmark has in each major market; this share value is often used
as a measure of competitiveness for Denmark. In all cases, the total dollar volume and
percentage share values by major trading partner are provided. Combined, Chapters 3 and 4
present a the total picture for imports and exports of pumice stone, emery, and natural corundum,
natural garnet, crushed pumice, or other natural abrasives in crude or irregular pieces to and from
Denmark to and from all other major countries in the world. "Pumice Stone, Emery, and Natural
Corundum, Natural Garnet, Crushed Pumice, or Other Natural Abrasives in Crude or Irregular
Pieces" as a category is defined in this report following the definition given by the United Nations
Statistics Division Classification Registry using the Standard International Trade Classification,
Revision 3 (SITC, Rev. 3). The SITC code that defined "pumice stone, emery, and natural
corundum, natural garnet, crushed pumice, or other natural abrasives in crude or irregular pieces"
is 27722 . For more information on this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=277 .
This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.
Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.
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Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed Pumice, or Other Natural Abrasives
in Crude or Irregular Pieces in Denmark 9
2 DENMARK AND THE WORLD MARKET
2.1 IMPORTS IN DENMARK IN 2011
Imported Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed
Pumice, or Other Natural Abrasives in Crude or Irregular Pieces in Denmark,
2011
(Structure of Foreign Import Competition)
Country of Origin Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
India 1 211 79.62 79.62
Germany 2 54 20.38 100.00
Total 265 100.00 100.00
_________________________________________________________________________________________________________
Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com
2.2 EXPORTS FROM DENMARK IN 2011
Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed Pumice, or
Other Natural Abrasives in Crude or Irregular Pieces Exports from Denmark,
2011
Country of Destination Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
Sweden 1 93 39.08 39.08
Italy 2 74 31.09 70.17
Saudi Arabia 3 68 28.57 98.74
Ethiopia 4 3 1.26 100.00
Total 238 100.00 100.00
_________________________________________________________________________________________________________
Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com
www.icongrouponline.com ©2011 ICON Group Ltd.
Pumice Stone, Emery, and Natural Corundum, Natural Garnet, Crushed Pumice, or Other Natural Abrasives
in Crude or Irregular Pieces in Denmark 10
3 IMPORTS IN DE