United Kingdom: Fluorspar Market 2024

Fluorspar Market Size in the UK

In 2022, after two years of decline, there was significant growth in the UK fluorspar market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fluorspar Production in the UK

In value terms, fluorspar production reduced modestly to $X in 2022 estimated in export price. In general, production posted a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Fluorspar production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Fluorspar Exports

Exports from the UK

In 2022, overseas shipments of fluorspar decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, fluorspar exports expanded sharply to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for fluorspar exports from the UK, with a X% share of total exports. Moreover, fluorspar exports to Italy exceeded the volume sent to the second major destination, Norway (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Germany (X% per year).

In value terms, Italy ($X) remains the key foreign market for fluorspar exports from the UK, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average fluorspar export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

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

Fluorspar Imports

Imports into the UK

In 2022, fluorspar imports into the UK soared to X tons, increasing by X% on the previous year's figure. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

Spain (X tons), China (X tons) and Mexico (X tons) were the main suppliers of fluorspar imports to the UK, together accounting for X% of total imports. Pakistan, Morocco, South Africa and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Spain ($X) were the largest fluorspar suppliers to the UK, with a combined X% share of total imports. South Africa, Germany, Pakistan and Morocco lagged somewhat behind, together comprising a further X%.

South Africa, with a CAGR of X.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fluorspar import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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