Australia: Feldspar Market 2024

Feldspar Market Size in Australia

After three years of growth, the Australian feldspar market decreased by -50.2% to $X in 2021. Over the period under review, consumption saw a precipitous curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Feldspar Production in Australia

In value terms, feldspar production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a dramatic decrease. The pace of growth appeared the most rapid in 2019 with an increase of 31%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Feldspar Exports

Exports from Australia

In 2021, exports of feldspar from Australia skyrocketed to X tons, rising by 29% compared with 2020. In general, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 57%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, feldspar exports contracted remarkably to $X in 2021. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for feldspar exports from Australia, accounting for a 55% share of total exports. Moreover, feldspar exports to Thailand exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Malaysia (-9.4% per year).

In value terms, Thailand ($X) remains the key foreign market for feldspar exports from Australia, comprising 70% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 17% share of total exports. It was followed by Malaysia, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Thailand amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-19.0% per year) and Malaysia (-27.3% per year).

Export Prices by Country

In 2021, the average feldspar export price amounted to $X per ton, declining by -39.6% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.1%), while the prices for the other major destinations experienced a decline.

Feldspar Imports

Imports into Australia

In 2021, supplies from abroad of feldspar decreased by -71.5% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 539%. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, feldspar imports contracted notably to $X in 2021. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 444%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of feldspar to Australia, with a 76% share of total imports. Moreover, feldspar imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.9% per year) and China (+17.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of feldspar to Australia, comprising 60% of total imports. The second position in the ranking was held by India ($X), with a 22% share of total imports. It was followed by China, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.8% per year) and China (+13.4% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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