Eastern Asia: Fluorspar Market 2024

Fluorspar Market Size in Eastern Asia

The East Asian fluorspar market rose remarkably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate a moderate expansion. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in the immediate term.

Fluorspar Production in Eastern Asia

In value terms, fluorspar production fell slightly to $X in 2023 estimated in export price. In general, production enjoyed temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2022, and then reduced in the following year.

Fluorspar Exports

Exports in Eastern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of fluorspar, when their volume decreased by X% to X tons. Overall, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, fluorspar exports contracted markedly to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Hong Kong SAR (X tons), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to fluorspar exports from China stood at X%. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Hong Kong SAR (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, fluorspar exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, approximately mirroring the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fluorspar export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Fluorspar Imports

Imports in Eastern Asia

After two years of decline, supplies from abroad of fluorspar increased by X% to X tons in 2023. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluorspar imports skyrocketed to $X in 2023. Overall, imports recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

China dominates imports structure, recording X tons, which was approx. X% of total imports in 2023. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Taiwan (Chinese) (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the fluorspar imports, with a CAGR of X% from 2012 to 2023. South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported fluorspar in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In China, fluorspar imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform