China: Fluorspar Market 2024

Fluorspar Market Size in China

In 2021, the Chinese fluorspar market decreased by -10% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, saw tangible growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Fluorspar Production in China

In value terms, fluorspar production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +104.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Fluorspar Exports

Exports from China

In 2021, shipments abroad of fluorspar was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, fluorspar exports surged to $X in 2021. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 67% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of fluorspar exports from China, together accounting for 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +54.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for fluorspar exported from China worldwide, together comprising 65% of total exports.

Indonesia, with a CAGR of +59.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluorspar export price stood at $X per ton in 2021, growing by 14% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorspar export price increased by +69.6% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 39%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Indonesia ($X per ton) and the United States ($X per ton), while the average price for exports to Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into China

In 2021, after four years of growth, there was significant decline in overseas purchases of fluorspar, when their volume decreased by -14.1% to X tons. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 197%. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped in the following year.

In value terms, fluorspar imports fell to $X in 2021. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 229% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mongolia (X tons) constituted the largest fluorspar supplier to China, accounting for a 72% share of total imports. Moreover, fluorspar imports from Mongolia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sevenfold. Mexico (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mongolia totaled +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+539.9% per year) and Mexico (+229.0% per year).

In value terms, Mongolia ($X) constituted the largest supplier of fluorspar to China, comprising 56% of total imports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total imports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Mongolia amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+403.0% per year) and Mexico (+205.7% per year).

Import Prices by Country

In 2021, the average fluorspar import price amounted to $X per ton, growing by 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2016 an increase of 14% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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