
World - Feldspar - Market Analysis, Forecast, Size, Trends and Insights
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Global Feldspar Market: Rising Demand from Solar Panel Industry Drives Production
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.
In 2021, global feldspar production picked up 15% y/y to 28M tonnes, driven by growing demand from the glass industry and solar panel manufacturing.
Global feldspar production soared by 15% y/y to 28M tonnes in 2021. Boosting construction activity in the U.S. and expanding solar panel and container production worldwide drive the demand for glass, stimulating feldspar mining. Despite world feldspar production has not yet returned to the pre-pandemic level of 30M tonnes, identified mineral resources are more than adequate to meet expected global demand.
Global Feldspar Imports
In 2021, global imports of feldspar soared to 11M tonnes, increasing 20% compared with 2020 figures. In value terms, purchases skyrocketed to $631M.
Spain (3.5M tonnes) and Italy (2.8M tonnes) were the largest importers of feldspar across the globe, mixing up 56% of the total volume. Russia (787K tonnes) held the following position in the ranking, followed by Bangladesh (786K tonnes). All these countries together took approx. 14% share of total imports. Taiwan (Chinese) (485K tonnes), Poland (420K tonnes), Egypt (234K tonnes), Indonesia (191K tonnes), Vietnam (182K tonnes) and the United Arab Emirates (180K tonnes) followed a long way behind the leaders.
In value terms, Spain ($179M), Italy ($145M) and Russia ($37M) appeared to be the countries with the highest levels of imports in 2021, with a combined 57% share of global supplies.
Feldspar Import Prices by Country
In 2021, the average feldspar import price amounted to $56 per tonne, growing by 9% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($93 per tonne), while Egypt ($33 per tonne) was amongst the lowest. Last year, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other global leaders experienced more modest paces of growth.
Top Largest Feldspar Exporters Worldwide
Turkey represented the largest exporter of feldspar globally, with the volume of exports resulting at 5.3M tonnes, which was nearly 47% of total supplies in 2021. China (2.7M tonnes) took a 24% share (based on tonnes) of total exports, which put it in second place, followed by India (6.6%) and Ukraine (4.6%). The following exporters - Italy (499K tonnes), the Czech Republic (242K tonnes) and Thailand (218K tonnes) - together made up 8.6% of the total volume.
In value terms, China ($210M), Turkey ($209M) and India ($53M) constituted the countries with the highest levels of exports in 2021, with a combined 75% share of global supplies.
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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