Australia: Fluorspar Market 2024

Fluorspar Market Size in Australia

The Australian fluorspar market skyrocketed to $X in 2021, picking up by 86% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a pronounced setback. Fluorspar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fluorspar Exports

Exports from Australia

For the sixth consecutive year, Australia recorded growth in shipments abroad of fluorspar, which increased by 14% to X tons in 2021. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 99% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, fluorspar exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 73%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Canada (X tons) was the main destination for fluorspar exports from Australia, with a 90% share of total exports. Moreover, fluorspar exports to Canada exceeded the volume sent to the second major destination, Malaysia (X kg), more than tenfold. Fiji (X kg) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-3.3% per year) and Fiji (-6.6% per year).

In value terms, Canada ($X) emerged as the key foreign market for fluorspar exports from Australia, comprising 92% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.4% share of total exports. It was followed by South Korea, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-11.2% per year) and South Korea (+8.9% per year).

Export Prices by Country

In 2021, the average fluorspar export price amounted to $X per ton, increasing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Fiji ($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 New Zealand (+6.1%), while the prices for the other major destinations experienced a decline.

Fluorspar Imports

Imports into Australia

Fluorspar imports into Australia soared to X tons in 2021, growing by 65% against 2020 figures. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fluorspar imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of fluorspar imports to Australia, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +0.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of fluorspar to Australia, comprising 73% of total imports. The second position in the ranking was held by Mexico ($X), with a 20% share of total imports. It was followed by the United States, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.6% per year) and the United States (-5.6% per year).

Import Prices by Country

In 2021, the average fluorspar import price amounted to $X per ton, growing by 18% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorspar import price increased by +110.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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