Asia: Fluorspar Market 2024

Fluorspar Market Size in Asia

The Asian fluorspar market rose markedly to $X in 2023, with an increase of X% against the previous year. In general, consumption posted a temperate increase. Over the period under review, the market attained the maximum level in 2023 and is likely to see gradual growth in the near future.

Fluorspar Production in Asia

In value terms, fluorspar production shrank slightly to $X in 2023 estimated in export price. Over the period under review, production posted pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then contracted in the following year.

Fluorspar Exports

Exports in Asia

In 2023, after three years of decline, there was significant growth in overseas shipments of fluorspar, when their volume increased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, fluorspar exports totaled $X in 2023. Overall, exports saw notable 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, the exports attained the maximum at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Mongolia (X tons) and China (X tons) were the main exporters of fluorspar in Asia, together creating X% of total exports. Vietnam (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (X%). Thailand (X tons) and Hong Kong SAR (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mongolia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

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

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Fluorspar Imports

Imports in Asia

In 2023, fluorspar imports in Asia skyrocketed to X tons, rising by X% against 2022. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluorspar imports soared to $X in 2023. Overall, imports posted a buoyant increase. 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 attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

China represented the main importer of fluorspar in Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by India (X tons), comprising a X% share of total imports. Turkey (X tons), Indonesia (X tons), South Korea (X tons), Japan (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to fluorspar imports into China stood at X%. At the same time, Indonesia (X%), India (X%), the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), India ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Indonesia, South Korea, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, 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

In 2023, the import price in Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform