Global Fluoropolymers Market 2024

Fluoropolymers Market Size

In 2023, the global fluoropolymers market increased by less than X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market reached the maximum level in 2023 and is expected to retain growth in the near future.

Fluoropolymers Production

In value terms, fluoropolymers production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, global production attained the peak level in 2023 and is expected to retain growth in the near future.

Fluoropolymers Exports

Exports

Global fluoropolymers exports dropped to X tons in 2023, which is down by X% compared with 2022 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, fluoropolymers exports contracted modestly to $X in 2023. Overall, exports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2022, and then dropped slightly in the following year.

Exports by Country

In 2023, China (X tons), distantly followed by the United States (X tons), Japan (X tons), France (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons) and India (X tons) were the main exporters of fluoropolymers, together achieving X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, France (X%), India (X%) and Japan (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Italy and Germany experienced a relatively flat trend pattern. By contrast, the United States (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), France (X p.p.) and India (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Germany (X p.p.), the Netherlands (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fluoropolymers supplying countries worldwide were China ($X), the United States ($X) and Japan ($X), together accounting for X% of global exports. Italy, France, Germany, the Netherlands and India lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, export price indicated a tangible 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, fluoropolymers export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

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

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

Fluoropolymers Imports

Imports

In 2023, supplies from abroad of fluoropolymers decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, fluoropolymers imports shrank to $X in 2023. Over the period under review, total imports indicated a notable expansion from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the maximum at $X in 2022, and then declined slightly in the following year.

Imports by Country

The purchases of the five major importers of fluoropolymers, namely the United States, Germany, China, South Korea and Italy, represented more than third of total import. It was distantly followed by Japan (X tons) and Belgium (X tons), together committing a X% share of total imports. Taiwan (Chinese) (X tons), India (X tons), Mexico (X tons), France (X tons), Brazil (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fluoropolymers importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined X% share of global imports. South Korea, Japan, Italy, Taiwan (Chinese), Belgium, France, Brazil, India, Mexico and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average fluoropolymers import price amounted to $X per ton, increasing 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 appeared the most rapid in 2022 an increase of X%. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform