India: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in India

In 2021, the Indian complex fluorine salts market increased by 7.7% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +73.8% against 2014 indices. Complex fluorine salts consumption peaked in 2021 and is expected to retain growth in the immediate term.

Complex Fluorine Salts Production in India

In value terms, complex fluorine salts production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Complex Fluorine Salts Exports

Exports from India

In 2021, the amount of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exported from India soared to X tons, picking up by 25% compared with the previous year's figure. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, complex fluorine salts exports soared to $X in 2021. In general, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +77.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 51%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for complex fluorine salts exports from India, with a 40% share of total exports. Moreover, complex fluorine salts exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.6% per year) and the United Arab Emirates (-14.4% per year).

In value terms, the United States ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from India, comprising 56% of total exports. The second position in the ranking was held by South Korea ($X), with a 9.3% share of total exports. It was followed by Italy, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.0% per year) and Italy (+32.2% per year).

Export Prices by Country

In 2021, the average complex fluorine salts export price amounted to $X per ton, declining by -5.5% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, complex fluorine salts export price increased by +58.0% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 23%. The export price peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 the Netherlands (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into India

In 2021, purchases abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts increased by 19% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 57%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, complex fluorine salts imports rose rapidly to $X in 2021. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Qatar (X tons) and Mexico (X tons) were the main suppliers of complex fluorine salts imports to India, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +486.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Mexico ($X) appeared to be the largest complex fluorine salts suppliers to India, with a combined 70% share of total imports. These countries were followed by Italy, Hong Kong SAR, Qatar, Bahrain, Indonesia, South Africa and Saudi Arabia, which together accounted for a further 21%.

Qatar, with a CAGR of +490.2%, recorded the highest growth rate of the value of imports, among the main suppliers 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, dropping by -5.4% against the previous year. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 68%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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