China: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in China

The Chinese complex fluorine salts market expanded markedly to $X in 2021, rising by 5.1% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.8% against 2016 indices. Complex fluorine salts consumption peaked in 2021 and is likely to see steady growth in years to come.

Complex Fluorine Salts Production in China

In value terms, complex fluorine salts production fell to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Complex fluorine salts production peaked at $X in 2020, and then shrank in the following year.

Complex Fluorine Salts Exports

Exports from China

Complex fluorine salts exports from China dropped sharply to X tons in 2021, falling by -16.1% compared with 2020. In general, exports recorded a slight slump. The growth pace was the most rapid in 2018 with an increase of 31%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports soared to $X in 2021. Over the period under review, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of complex fluorine salts exports from China, together accounting for 32% of total exports. India, Australia, Japan, the Netherlands, Brazil, the United Arab Emirates, Spain, Germany, Thailand and Indonesia lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from China, comprising 32% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Japan, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.2% per year) and Japan (+12.0% per year).

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, rising by 67% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United Arab Emirates ($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 South Korea (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into China

For the fourth year in a row, China recorded decline in purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts, which decreased by -8.5% to X tons in 2021. Over the period under review, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, complex fluorine salts imports soared to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of complex fluorine salts to China, accounting for a 52% share of total imports. Moreover, complex fluorine salts imports from South Korea exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+16.7% per year) and Japan (-5.7% per year).

In value terms, South Korea ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to China, comprising 67% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by the United States, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.3% per year) and the United States (+8.7% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, increasing by 97% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 111% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($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 (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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