Chile: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Chile

In 2021, the Chilean complex fluorine salts market increased by 29% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.8% against 2019 indices. Complex fluorine salts consumption peaked in 2021 and is likely to see gradual growth in years to come.

Complex Fluorine Salts Exports

Exports from Chile

After two years of decline, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 170% to X tons in 2021. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 299%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports surged to $X in 2021. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 223% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for complex fluorine salts exports from Chile, accounting for a 71% share of total exports. Moreover, complex fluorine salts exports to Bolivia exceeded the volume sent to the second major destination, Costa Rica (X tons), threefold. Peru (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+1.8% per year) and Peru (+46.1% per year).

In value terms, Bolivia ($X), Costa Rica ($X) and Peru ($X) constituted the largest markets for complex fluorine salts exported from Chile worldwide, together accounting for 99% of total exports.

Among the main countries of destination, Peru, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, which is down by -55.6% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 62%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Paraguay ($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 Costa Rica (+0.5%), while the prices for the other major destinations experienced a decline.

Complex Fluorine Salts Imports

Imports into Chile

In 2021, overseas purchases of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 33% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 101%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, complex fluorine salts imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of complex fluorine salts imports to Chile, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +191.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest complex fluorine salts suppliers to Chile were China ($X), Belgium ($X) and Italy ($X), together comprising 74% of total imports. Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +59.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, with a decrease of -4.3% against the previous year. In general, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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