Puerto Rico: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Puerto Rico

The Puerto Rican complex fluorine salts market totaled less than $X in 2021, almost unchanged from 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, consumption recorded a relatively flat trend pattern.

Complex Fluorine Salts Exports

Exports from Puerto Rico

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exported from Puerto Rico totaled less than X kg, stabilizing at the previous year. In general, exports recorded a relatively flat trend pattern.

In value terms, complex fluorine salts exports amounted to less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China was the major exporting country with an export of about X tons, which accounted for 39% of total exports. It was distantly followed by Tunisia (X tons) and Canada (X tons), together constituting a 14% share of total exports. The following exporters - Lithuania (X tons), Belgium (X tons), the Netherlands (X tons), Germany (X tons), Japan (X tons), Norway (X tons), Russia (X tons), Belarus (X tons), the United Arab Emirates (X tons) and South Korea (X tons) - together made up 29% of total exports.

From 2012 to 2021, average annual rates of growth with regard to complex fluorine salts exports from China stood at -1.9%. At the same time, South Korea (+14.9%), Russia (+11.5%), Norway (+8.3%), Belarus (+4.1%), Belgium (+1.9%), Tunisia (+1.3%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.9% from 2012-2021. Germany and Lithuania experienced a relatively flat trend pattern. By contrast, Japan (-2.9%), Canada (-2.9%) and the United Arab Emirates (-7.0%) illustrated a downward trend over the same period. Tunisia (+2.4 p.p.), Norway (+1.7 p.p.), South Korea (+1.6 p.p.) and Russia (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest complex fluorine salts supplier from Puerto Rico, comprising 38% of global exports. The second position in the ranking was held by South Korea ($X), with a 15% share of global exports. It was followed by Japan, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.1%. In the other countries, the average annual rates were as follows: South Korea (+24.7% per year) and Japan (+1.5% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, stabilizing at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.6%), while the other leaders experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Puerto Rico

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts imported into Puerto Rico was estimated at less than X kg, stabilizing at the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, complex fluorine salts imports stood at less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Mozambique (X tons) and Lao People's Democratic Republic (X tons) represented the largest importers of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine saltsin the world, together amounting to near 53% of total imports. It was distantly followed by the United States (X tons) and India (X tons), together mixing up an 11% share of total imports. The following importers - Russia (X tons), Malaysia (X tons), Canada (X tons), Brazil (X tons), South Korea (X tons) and Australia (X tons) - together made up 14% of total imports.

From 2012 to 2021, average annual rates of growth with regard to fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts imports into Mozambique and Lao People's Democratic Republic stood at +245.9% and -47.1%, respectively. At the same time, Australia (+25.8%), Malaysia (+17.4%), Russia (+10.6%), India (+7.3%), South Korea (+4.7%), Canada (+4.2%) and the United States (+1.2%) displayed positive paces of growth. By contrast, Brazil (-7.1%) illustrated a downward trend over the same period. While the share of Mozambique (+53 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-5.1 p.p.), Brazil (-6.2 p.p.) and Lao People's Democratic Republic (-21.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest complex fluorine salts importing markets into Puerto Rico were Mozambique ($X), South Korea ($X) and the United States ($X), with a combined 38% share of total imports.

Mozambique, with a CAGR of +164.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+18.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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