Hong Kong SAR, China: Fluorspar Market 2024

Fluorspar Market Size in Hong Kong SAR, China

The Hong Kong fluorspar market skyrocketed to $X in 2021, increasing by 26% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Fluorspar Production in Hong Kong SAR, China

In value terms, fluorspar production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 40% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Fluorspar Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of fluorspar were exported from Hong Kong SAR; reducing by -26.6% on the previous year. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 281%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, fluorspar exports reduced sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 226% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), India (X tons) and South Korea (X tons) were the main destinations of fluorspar exports from Hong Kong SAR, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +50.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), India ($X) and South Korea ($X) constituted the largest markets for fluorspar exported from Hong Kong SAR worldwide, with a combined 97% share of total exports.

India, with a CAGR of +49.7%, recorded the highest growth rate of the value of exports, among 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, picking up by 2.3% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 82%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the Netherlands ($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 (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorspar Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of fluorspar decreased by -6.7% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2017 when imports increased by 334%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, fluorspar imports declined to $X in 2021. In general, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 409%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main fluorspar supplier to Hong Kong SAR, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.2%.

In value terms, China ($X) constituted the largest supplier of fluorspar to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.8%.

Import Prices by Country

The average fluorspar import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorspar import price decreased by -1.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.1% per year.

Source: IndexBox Platform

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