World - Feldspar - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Turkey's Feldspar Exports Recover Robustly from a Record Slump Seen Last Year
IndexBox has just published a new report: 'World - Feldspar - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Feldspar exports from Turkey soared in the first half of this year, rising by 43% against the same period of 2020. The country remains the largest feldspar exporter, accounting for 63% of the total global exports. India and China continue to increase feldspar sales abroad. The average feldspar export price grew by +2.4% compared to the previous year. In 2020, Spain and Italy remain the major importers of this product, with a combined 53%-share of the global imports.
Global Feldspar Exports by Country
Feldspar exports from Turkey soared in the first half of this year, rising by 43% against the same period of 2020.Turkey dominates feldspar export structure, recording 5.6M tonnes, which was approx. 63% of total exports in 2020.
In 2020, the amount of feldspar exported worldwide dropped to 8.9M tonnes, with a decrease of -9.9% compared with the year before. In value terms, feldspar exports declined to $426M (IndexBox estimates) in 2020.
India (684K tonnes) ranks second in terms of the total exports with a 7.7% share, followed by China (5.6%) and Ukraine (5.5%). Italy (315K tonnes), the Czech Republic (230K tonnes) and France (140K tonnes) followed a long way behind the leaders.
Exports from Turkey decreased by -11.5% y-o-y in 2020. Ukraine (-2.9% y-o-y), France (-6.0% y-o-y) and the Czech Republic (-17.0% y-o-y) also illustrated a downward trend over the same period. At the same time, India (+7.8% y-o-y), China (+6.3% y-o-y) and Italy (+4.6% y-o-y) managed to increase their supplies. Moreover, India emerged as the fastest-growing exporter exported in the world in 2020.
In value terms, Turkey ($203M) remains the largest feldspar supplier worldwide, comprising 48% of global exports. The second position in the ranking was occupied by India ($51M), with a 12% share of global exports. It was followed by Ukraine, with a 3.7% share.
In 2020, the average feldspar export price amounted to $48 per tonne, growing by +2.4% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was France ($81 per tonne), while China ($30 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced more modest paces of growth.
Largest Importers of Feldspar Worldwide
Spain (2.7M tonnes) and Italy (2.3M tonnes) were the largest importers of feldspar in 2020, reaching near 29% and 24% of total imports, respectively. Bangladesh (821K tonnes) occupied an 8.7% share (based on tonnes) of total imports, which put it in second place, followed by Russia (6.4%) and Taiwan (Chinese) (5.1%). Poland (398K tonnes), Vietnam (181K tonnes), the United Arab Emirates (177K tonnes), Bulgaria (172K tonnes) and Indonesia (160K tonnes) followed a long way behind the leaders.
In value terms, Spain ($122M), Italy ($79M) and Bangladesh ($27M) constituted the countries with the highest levels of imports in 2020, with a combined 48% share of global imports. These countries were followed by Russia, Taiwan (Chinese), Poland, Vietnam, Indonesia, the United Arab Emirates and Bulgaria, which together accounted for a further 22%.
Spain and Italy remain the key destinations for feldspar export from Turkey. Spain accounts for approx. 39% (in physical terms) of Turkish exports. Nearly 38% of feldspar exported from Turkey are send to Italy.
Source: IndexBox Platform
This report provides an in-depth analysis of the global feldspar market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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