World - Fluorspar - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlobal Fluorspar Market Peaked at $2.3B, Rising for the Third Year in a Row
IndexBox has just published a new report: 'World - Fluorspar - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2019, the global fluorspar market increased by 8.9% to $2.3B, rising for the third consecutive year after four years of decline. Overall, consumption showed a relatively flat trend pattern. Global consumption peaked in 2019 and is expected to retain growth in the near future.
Consumption by Country
China (4.4M tons) constituted the country with the largest volume of fluorspar consumption, accounting for 58% of the total volume. Moreover, fluorspar consumption in China exceeded the figures recorded by the second-largest consumer, Mexico (521K tons), eightfold. The U.S. (334K tons) ranked third in terms of total consumption with a 4.4% share.
From 2012 to 2019, the average annual growth rate of volume in China stood at +1.7%. In the other countries, the average annual rates were as follows: Mexico (+7.7% per year) and the U.S. (-4.7% per year).
In value terms, China ($1.4B) led the market, alone. The second position in the ranking was occupied by Mexico ($113M). It was followed by the U.S.
The countries with the highest levels of fluorspar per capita consumption in 2019 were Mexico (3.92 kg per person), Italy (3.52 kg per person) and Canada (3.39 kg per person).
Market Forecast to 2030
Due to the industrial sector was hampered by lockdowns and tight financial conditions amid the pandemic, it is expected that in 2020, global consumption of fluorspar should decline somewhat against 2019. In the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually. Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +0.6% for the period from 2019 to 2030, which is projected to bring the market volume to 8.1M tons by the end of 2030.
Production by Country
China (4.3M tons) remains the largest fluorspar producing country worldwide, accounting for 57% of total volume. Moreover, fluorspar production in China exceeded the figures recorded by the second-largest producer, Mexico (1.2M tons), threefold. The third position in this ranking was occupied by Mongolia (718K tons), with a 9.5% share (IndexBox estimates).
From 2012 to 2019, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Mexico (-0.1% per year) and Mongolia (+5.8% per year).
Imports
After two years of growth, global imports of fluorspar decreased by -9.9% to 2.4M tons in 2019. In general, imports experienced wild fluctuations. The most prominent rate of growth was recorded in 2018 with an increase of 24% year-to-year. As a result, imports attained the peak of 2.6M tons and then fell in the following year. In value terms, fluorspar imports contracted slightly to $628M (IndexBox estimates) in 2019.
Imports by Country
In 2019, China (520K tons), the U.S. (352K tons), Italy (263K tons), Russia (185K tons), India (136K tons), Japan (108K tons), the United Arab Emirates (74K tons), Tunisia (66K tons), South Korea (56K tons), Germany (52K tons), Canada (47K tons) and Turkey (46K tons) represented the key importer of fluorspar in the world, mixing up 81% of total import.
From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates, while imports for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($102M), China ($96M), and Italy ($56M) constituted the countries with the highest levels of imports in 2019, together accounting for 40% of global imports. These countries were followed by Japan, India, Russia, Germany, the United Arab Emirates, South Korea, Canada, Tunisia, and Turkey, which together accounted for a further 36%.
Import Prices by Country
The average fluorspar import price stood at $266 per ton in 2019, rising by 5.6% against the previous year. In general, the import price, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 15% y-o-y. Over the period under review, average import prices attained the maximum at $289 per ton in 2012; however, from 2013 to 2019, import prices failed to regain momentum.
Prices varied noticeably by the country of destination; the country with the highest price was Germany ($451 per ton), while Russia ($176 per ton) was amongst the lowest.
From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the other global leaders experienced more modest paces of growth.
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This report provides an in-depth analysis of the global fluorspar 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 2030.
Product coverage:
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
