Which Country Imports the Most Fluorspar in the World?

IndexBox has just published a new report "World: Fluorspar - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of fluorspar amounted to 24M tonnes, surging by 3% against the previous year figure. In general, fluorspar imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when import increased by 10% from the previous year level. Global fluorspar import peaked in 2016, and are likely to see steady growth in the near future.

In value terms, fluorspar imports totaled $1B in 2016. In general, fluorspar imports continue to indicate a relatively flat trend pattern. In that year, global fluorspar imports attained its maximum level of $1.5B. From 2012 to 2016, growth of global fluorspar imports failed to regain its strength.

Top Fluorspar Importing Countries in the World

1. USA (196.0 million USD)

2. Italy (147.8 million USD)

3. Spain (72.7 million USD)

4. Russia (50.1 million USD)

5. India (44.6 million USD)

6. China (37.7 million USD)

7. United Arab Emirates (31.4 million USD)

8. Turkey (19.8 million USD)

9. Canada (10.2 million USD)

10. Thailand (5.3 million USD)

11. Mexico (4.4 million USD)

12. Mongolia (0.0 million USD)

Fluorspar Imports By Country

In 2016, Turkey (5.6M tonnes), distantly followed by Italy (2.7M tonnes), Spain (1.9M tonnes), and China (1.7M tonnes) represented the key importers of fluorspar, together creating 50% of total imports. The following importers - the U.S. (1.1M tonnes), Mexico (1M tonnes), Thailand (972K tonnes), Russia (729K tonnes), India (641K tonnes), Canada (586K tonnes), United Arab Emirates (494K tonnes), and Mongolia (458K tonnes) together made up 25% of total imports.

From 2007 to 2016, average annual rates of growth with regard to fluorspar imports into Turkey stood at +1.5%. At the same time, Russia (+6.1%), Spain (+2.8%), India (+2.0%), United Arab Emirates (+1.7%), and Mongolia (+1.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest growing importer/exporter in the world, with a CAGR of +6.1% from 2007-2016. China, Mexico, the U.S., Thailand, and Italy experienced a relatively flat trend pattern. By contrast, Canada (-1.4%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Spain, and Turkey decreased by -1.8%, and -2.9% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($196M), Italy ($148M) and Spain ($73M) were the countries with the highest levels of imports in 2016, with a combined 40% share of global imports.Russia, India, China, United Arab Emirates, Turkey, Canada, Thailand, Mexico and Mongolia lagged somewhat behind, together accounting for a further 19%.

China (+18.1% per year) recorded the highest growth rate of fluorspar imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Fluorspar Import Prices By Country

In 2016, the average import price for fluorspar amounted to $44 per tonne, waning by -12.0% against the previous year. Overall, fluorspar import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when import price increased by 30% from the previous year level. Global fluorspar import peaked of $68 per tonne in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was the U.S. ($186 per tonne), while Mongolia ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of fluorspar import prices was attained by China (+17.9% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global fluorspar market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• fluorspar market share
• fluorspar prices
• fluorspar industry
• fluorspar sales
• fluorspar import
• fluorspar export
• fluorspar market forecast
• fluorspar price forecast
• key fluorspar producers

All data provided in this article covers the following product: HS Code 2529 - Feldspar- leucite- nepheline and nepheline syenite- fluorspar.

Source: World: Fluorspar - Market Report. Analysis and Forecast to 2025