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World - Fluorspar - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Fluorspar - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Apr 12, 2022

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 tons) 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 tons), 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.

Fluorspar Production

Production of fluorspar was estimated at 9.2M tons 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 tons) 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 tons), fivefold. The third position in this ranking was occupied by Mongolia (800K tons), 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).

Fluorspar Exports

In 2021, the amount of fluorspar exported worldwide skyrocketed to 3.1M tons, 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 tons, which amounted to 43% of total volume. It was distantly followed by Mongolia (677K tons) and Mexico (289K tons), together generating a 31% share of total exports. The Netherlands (118K tons), Italy (110K tons), Canada (75K tons), Pakistan (71K tons), Morocco (65K tons), the U.S. (58K tons) and Germany (49K tons) 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 ton, 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 ton), while Italy ($77 per ton) 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.

Fluorspar Imports

In 2021, supplies from abroad of fluorspar was finally on the rise to reach 2.9M tons 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 tons 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 tons), distantly followed by the U.S. (388K tons), India (270K tons), Italy (227K tons), Russia (195K tons) and Germany (176K tons) were the largest importers of fluorspar, together committing 69% of total purchases. The following importers - Turkey (108K tons), the Netherlands (94K tons), Japan (88K tons), Tunisia (73K tons), South Korea (54K tons), Indonesia (52K tons) and Canada (45K tons) - 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 ton, 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 ton), while China ($171 per ton) 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 Market Intelligence 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 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + 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

    Company coverage:

    Ares Strategic Mining Inc., Gobishoo Co., Kenya Fluorspar Company, Mexichem Fluor, Spedag S.A., Latin Metals & Minerals, Mexichem Fluor Comercial, Industrial Minera Comercial, Nitrocor, Koura Global, Canada Fluorspar Inc., Swarnim Gujarat Fluorspar Pvt. Ltd., Amania Mining Company, Maharashtra State Mining Corporation, Crowe, Shaowu Huang Shan Jing Mining Co., Kunshan Zhong Lianhai Trade Co., Yushan County Xinhai Fluorite Mining Industry Co., Noah Chemicals, Barite0, Seaforth Mineral & Ore Co., Steyuan Mineral Resources Group Ltd., Mil-Spec Industries, Sesa Fluorspar, NVJ Industries

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 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. 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

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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