EU: Fluorspar Market 2024

Fluorspar Market Size in the EU

In 2021, the EU fluorspar market decreased by -4.5% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a mild decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Fluorspar Production in the EU

In value terms, fluorspar production reached $X in 2021 estimated in export price. Overall, production, however, posted a perceptible increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 85%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fluorspar Exports

Exports in the EU

In 2021, fluorspar exports in the European Union amounted to X tons, remaining stable against 2020. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +122.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 120%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, fluorspar exports dropped to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 131% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

The Netherlands (X tons) and Italy (X tons) were the key exporters of fluorspar in 2021, resulting at near 38% and 36% of total exports, respectively. It was distantly followed by Germany (X tons), making up a 16% share of total exports. Belgium (X tons), Spain (X tons) and the Czech Republic (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest fluorspar supplier in the European Union, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 22% share of total exports. It was followed by Italy, with a 10% share.

In the Netherlands, fluorspar exports expanded at an average annual rate of +21.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+1.6% per year) and Italy (+15.9% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, which is down by -2.9% against the previous year. Over the period under review, the export price showed a slight descent. The pace of growth appeared the most rapid in 2018 an increase of 53% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%), while the other leaders experienced a decline in the export price figures.

Fluorspar Imports

Imports in the EU

In 2021, after three years of growth, there was decline in supplies from abroad of fluorspar, when their volume decreased by -3.3% to X tons. In general, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 7.7%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fluorspar imports dropped to $X in 2021. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons) and Germany (X tons) represented roughly 64% of total imports in 2021. It was distantly followed by the Netherlands (X tons), constituting a 15% share of total imports. Belgium (X tons), Spain (X tons), Finland (X tons), Denmark (X tons), France (X tons), the Czech Republic (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +26.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.

The Netherlands, with a CAGR of +23.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 1.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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