China: Fluorspar Market 2024

Fluorspar Market Size in China

In 2022, the Chinese fluorspar market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted a perceptible increase. Fluorspar consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fluorspar Production in China

In value terms, fluorspar production amounted to $X in 2022 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Fluorspar Exports

Exports from China

In 2022, shipments abroad of fluorspar increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a slight expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fluorspar exports surged to $X in 2022. Over the period under review, exports recorded a notable expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and the Netherlands (X tons) were the main destinations of fluorspar exports from China, with a combined X% share of total exports. Italy, Indonesia, South Korea, India, Taiwan (Chinese) and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorspar exported from China were the United States ($X), Japan ($X) and the Netherlands ($X), together comprising X% of total exports. Italy, Indonesia, South Korea, India, Taiwan (Chinese) and Canada lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluorspar export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorspar export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Italy ($X per ton) and Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into China

In 2022, overseas purchases of fluorspar decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorspar imports shrank significantly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mongolia (X tons) constituted the largest fluorspar supplier to China, with a X% share of total imports. Moreover, fluorspar imports from Mongolia exceeded the figures recorded by the second-largest supplier, Nigeria (X tons), eightfold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mongolia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Myanmar (X% per year).

In value terms, Mongolia ($X) constituted the largest supplier of fluorspar to China, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Mongolia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Mexico (X% per year).

Import Prices by Country

The average fluorspar import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Zambia ($X per ton), while the price for Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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