World - Fluorspar - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Global Fluorspar Trade Surges to Record $822M
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 2021, after four years of growth, there was significant decline in the global fluorspar market, when its value decreased by -16.8% to $2.8B (IndexBox estimates). Over the period under review, the total consumption indicated a moderate expansion from 2007 to 2021: its value increased at an average annual rate of +2.6% over the last fourteen-year period. Over the period under review, the global market attained the maximum level at $3.3B in 2020, and then shrank remarkably in the following year.
Fluorspar Consumption by Country
China (4.8M tonnes) constituted the country with the largest volume of fluorspar consumption, accounting for 53% of total volume. Moreover, fluorspar consumption in China exceeded the figures recorded by the second-largest consumer, Mexico (701K tonnes), sevenfold.
In China, fluorspar consumption increased at an average annual rate of +4.5% over the period from 2007-2021. Production in Mexico increased with an average annual rate of +8.6% per year.
In value terms, China ($1.5B) led the market, alone. The second position in the ranking was occupied by Mexico ($193M). It was followed by India.
Production of fluorspar was estimated at 9.2M tonnes in 2021. In general, the total production indicated a moderate increase from 2007 to 2021: its volume increased at an average annual rate of +3.1% over the last fourteen years.
In value terms, fluorspar production totaled $2.8B in 2021 estimated in export prices. Overall, production, however, posted prominent growth from 2007-2021.
Production by Country
China (5.4M tonnes) remains the largest fluorspar producing country worldwide, accounting for 59% of total volume. Moreover, fluorspar production in China exceeded the figures recorded by the second-largest producer, Mexico (990K tonnes), fivefold. The third position in this ranking was occupied by Mongolia (800K tonnes), with an 8.7% share.
From 2007 to 2021, the average annual growth rate of volume in China stood at +3.8%. In the other countries, the average annual rates were as follows: Mexico (+0.4% per year) and Mongolia (+5.5% per year).
In 2021, the amount of fluorspar exported worldwide skyrocketed to 3.1M tonnes, jumping by 59% against 2020 figures. Overall, total exports indicated mild growth from 2007 to 2021: its volume increased at an average annual rate of +1.1% over the last fourteen-year period.
In value terms, fluorspar exports skyrocketed to $822M in 2021. Over the period under review, exports continue to indicate a pronounced expansion.
Exports by Country
China represented the major exporting country with an export of about 1.3M tonnes, which amounted to 43% of total volume. It was distantly followed by Mongolia (677K tonnes) and Mexico (289K tonnes), together generating a 31% share of total exports. The Netherlands (118K tonnes), Italy (110K tonnes), Canada (75K tonnes), Pakistan (71K tonnes), Morocco (65K tonnes), the U.S. (58K tonnes) and Germany (49K tonnes) occupied a little share of total supplies.
In value terms, the largest fluorspar supplying countries worldwide were China ($319M), Mongolia ($175M) and Mexico ($92M), together accounting for 71% of global exports. The Netherlands, Morocco, Canada, Pakistan, Germany, the U.S. and Italy lagged somewhat behind, together comprising a further 19%.
Among the main exporting countries, Canada (+79.0% per year) saw the highest rates of growth with regard to the value of exports, over the period 2007-2021, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average fluorspar export price amounted to $265 per tonne, reducing by -4.1% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Morocco ($441 per tonne), while Italy ($77 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Morocco, while the other global leaders experienced more modest paces of growth.
In 2021, supplies from abroad of fluorspar was finally on the rise to reach 2.9M tonnes after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when imports increased by 25% year-to-year. Over the period under review, global imports reached the peak figure at 3M tonnes in 2011. However, from 2012 to 2021, imports remained at a lower figure.
In value terms, fluorspar imports rose to $822M in 2021. Over the period under review, global imports attained the maximum at $885M in 2019.
Imports by Country
In 2021, China (738K tonnes), distantly followed by the U.S. (388K tonnes), India (270K tonnes), Italy (227K tonnes), Russia (195K tonnes) and Germany (176K tonnes) were the largest importers of fluorspar, together committing 69% of total purchases. The following importers - Turkey (108K tonnes), the Netherlands (94K tonnes), Japan (88K tonnes), Tunisia (73K tonnes), South Korea (54K tonnes), Indonesia (52K tonnes) and Canada (45K tonnes) - together made up 18% of total imports.
In value terms, China ($126M), the U.S. ($115M) and India ($98M) constituted the countries with the highest levels of purchases in 2021, together comprising 41% of global imports. These countries were followed by Italy, Germany, Russia, Japan, the Netherlands, Tunisia, Indonesia, Turkey, South Korea and Canada, which together accounted for a further 42%.
Indonesia recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average fluorspar import price amounted to $283 per tonne, growing by 4.1% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($443 per tonne), while China ($171 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
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 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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