Cyprus: Fluorspar Market Overview 2020

Fluorspar Market Size in Cyprus

The revenue of the fluorspar market in Cyprus amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, fluorspar consumption, however, continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Cyprus fluorspar consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Fluorspar Exports

Exports from Cyprus

In 2018, approx. X kg of fluorspar were exported from Cyprus; going down by -X% against the previous year. In general, fluorspar exports continue to indicate a precipitous reduction. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. In that year, fluorspar exports reached their peak of X kg. From 2017 to 2018, the growth of fluorspar exports remained at a somewhat lower figure.

In value terms, fluorspar exports amounted to $X in 2018. In general, fluorspar exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. In that year, fluorspar exports attained their peak of $X. From 2017 to 2018, the growth of fluorspar exports remained at a lower figure.

Exports by Country

In 2018, Mexico (X tonnes), distantly followed by Mongolia (X tonnes), China (X tonnes) and South Africa (X tonnes) represented the largest exporters of fluorspar, together achieving X% of total exports. Spain (X tonnes), Morocco (X tonnes), Myanmar (X tonnes), Italy (X tonnes), Namibia (X tonnes) and Thailand (X tonnes) held a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest fluorspar supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Mongolia (+X% per year) and China (-X% per year).

Export Prices by Country

In 2018, the fluorspar export price in Cyprus amounted to $X per tonne, reducing by -X% against the previous year. In general, the fluorspar export price continues to indicate a sharp downturn. Cyprus export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Namibia ($X per tonne), while Italy ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Fluorspar Imports

Imports into Cyprus

In 2018, the fluorspar imports into Cyprus stood at X tonnes, approximately equating the previous year. In general, fluorspar imports, however, continue to indicate a deep deduction. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Cyprus imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, fluorspar imports totaled $X in 2018. Over the period under review, fluorspar imports, however, continue to indicate an abrupt setback. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, fluorspar imports attained their peak figure at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Italy (X tonnes), India (X tonnes), Japan (X tonnes), China (X tonnes), Russia (X tonnes) and Germany (X tonnes) represented the key importers of fluorspar, together making up X% of total imports. The following importers - Turkey (X tonnes), Tunisia (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and Canada (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest fluorspar importing markets into Cyprus were the U.S. ($X), India ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by Italy, Japan, China, Russia, Canada, South Korea, Turkey, Tunisia, the Netherlands and Cyprus, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fluorspar import price in Cyprus amounted to $X per tonne, waning by -X% against the previous year. Overall, the fluorspar import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the import price increased by X% against the previous year. In that year, the import prices for fluorspar reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the import prices for fluorspar failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform