Italy: Fluorspar Market 2024

Fluorspar Market Size in Italy

In 2021, the Italian fluorspar market decreased by -15.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Fluorspar Exports

Exports from Italy

In 2021, shipments abroad of fluorspar increased by 21% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, fluorspar exports expanded sharply to $X in 2021. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 68%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for fluorspar exports from Italy, accounting for a 59% share of total exports. Moreover, fluorspar exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), threefold. Albania (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +86.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+8.7% per year) and Albania (+94.0% per year).

In value terms, Turkey ($X) remains the key foreign market for fluorspar exports from Italy, comprising 50% of total exports. The second position in the ranking was held by Egypt ($X), with a 14% share of total exports. It was followed by Albania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+14.5% per year) and Albania (+130.3% per year).

Export Prices by Country

In 2021, the average fluorspar export price amounted to $X per ton, with a decrease of -5.5% against the previous year. In general, the export price recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Croatia ($X per ton), while the average price for exports to Egypt ($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 Albania (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into Italy

In 2021, fluorspar imports into Italy reduced modestly to X tons, standing approx. at 2020. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 15% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, fluorspar imports declined to $X in 2021. Over the period under review, imports recorded a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 46%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of fluorspar to Italy, accounting for a 80% share of total imports. Moreover, fluorspar imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2,048.6% per year) and Vietnam (+20.8% per year).

In value terms, Mexico ($X) constituted the largest supplier of fluorspar to Italy, comprising 68% of total imports. The second position in the ranking was taken by Canada ($X), with a 9.8% share of total imports. It was followed by Vietnam, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+1,120.9% per year) and Vietnam (+25.5% per year).

Import Prices by Country

The average fluorspar import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+59.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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