Global Fluoropolymers Market 2024

Fluoropolymers Market Size

In 2023, the global fluoropolymers market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Global consumption peaked in 2023 and is expected to retain growth in the immediate term.

Fluoropolymers Production

In value terms, fluoropolymers production stood at $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Global production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Fluoropolymers Exports

Exports

In 2023, approx. X tons of fluoropolymers were exported worldwide; shrinking by X% compared with the previous year's figure. 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 in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports failed to regain momentum.

In value terms, fluoropolymers exports declined to $X in 2023. In general, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at $X in 2022, and then dropped 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 largest exporters of fluoropolymers, together committing 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, China ($X), the United States ($X) and Japan ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. Italy, France, Germany, the Netherlands and India lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, France, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The global export price peaked 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

After two years of growth, overseas purchases of fluoropolymers decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2022, and then reduced in the following year.

In value terms, fluoropolymers imports shrank slightly to $X in 2023. Over the period under review, total imports indicated a measured 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, global imports hit record highs at $X in 2022, and then contracted slightly in the following year.

Imports by Country

In 2023, the United States (X tons), Germany (X tons), China (X tons), South Korea (X tons) and Italy (X tons) represented the major importer of fluoropolymers in the world, mixing up X% of total import. It was distantly followed by Japan (X tons) and Belgium (X tons), together generating a X% share of total imports. Taiwan (Chinese) (X tons), India (X tons), Mexico (X tons), France (X tons), Brazil (X tons) and Turkey (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 key importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of global imports. South Korea, Japan, Italy, Taiwan (Chinese), Belgium, France, Brazil, India, Mexico and Turkey lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced 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 the immediate term.

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 ($X per ton), while Turkey ($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