ASEAN: Complex Fluorine Salts Market 2025

Complex Fluorine Salts Market Size in ASEAN

In 2021, the ASEAN complex fluorine salts market increased by 21% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Complex Fluorine Salts Production in ASEAN

In value terms, complex fluorine salts production declined modestly to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 49%. The level of production peaked at $X in 2020, and then shrank in the following year.

Complex Fluorine Salts Exports

Exports in ASEAN

In 2021, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts decreased by -42.5% to X tons, falling for the third year in a row after three years of growth. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 99%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, complex fluorine salts exports declined to $X in 2021. Over the period under review, exports faced a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by 155%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) represented roughly 60% of total exports in 2021. It was distantly followed by Vietnam (X tons), Singapore (X tons) and Indonesia (X tons), together achieving a 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +26.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Singapore ($X) remains the largest complex fluorine salts supplier in ASEAN, comprising 64% of total exports. The second position in the ranking was held by Malaysia ($X), with a 30% share of total exports. It was followed by Vietnam, with a 2.6% share.

In Singapore, complex fluorine salts exports increased at an average annual rate of +5.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+34.5% per year) and Vietnam (-9.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, rising by 48% against the previous year. Overall, the export price saw a noticeable increase. The pace of growth appeared the most rapid in 2016 an increase of 70%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+34.6%), while the other leaders experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports in ASEAN

In 2021, overseas purchases of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 45% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. In general, imports continue to indicate a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) was the major importer of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, mixing up 70% of total imports. It was distantly followed by Thailand (X tons) and Indonesia (X tons), together mixing up a 21% share of total imports. Vietnam (X tons) and Singapore (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts imports, with a CAGR of +17.4% from 2012 to 2021. At the same time, Vietnam (+9.3%), Singapore (+7.4%), Indonesia (+5.6%) and Thailand (+3.8%) displayed positive paces of growth. Malaysia (+65 p.p.), Thailand (+8.4 p.p.), Indonesia (+7.8 p.p.), Vietnam (+3.3 p.p.) and Singapore (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest complex fluorine salts importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Indonesia ($X), together accounting for 92% of total imports.

Malaysia, with a CAGR of +20.0%, saw 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, which is down by -4.6% against the previous year. Over the period under review, the import price, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 106%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform