South-Eastern Asia: Fluorspar Market 2024

Fluorspar Market Size in South-Eastern Asia

The Southeast Asian fluorspar market soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, saw strong growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Fluorspar Production in South-Eastern Asia

In value terms, fluorspar production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fluorspar Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of fluorspar was finally on the rise to reach X tons after three years of decline. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fluorspar exports expanded slightly to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), comprising a X% share of total exports. Singapore (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fluorspar exports from Vietnam stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest fluorspar supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Fluorspar Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of fluorspar decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, fluorspar imports declined markedly to $X in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined markedly in the following year.

Imports by Country

Indonesia prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), Thailand (X tons) and Vietnam (X tons), together committing a X% share of total imports.

Indonesia was also the fastest-growing in terms of the fluorspar imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Vietnam (X%) displayed positive paces of growth. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported fluorspar in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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