Japan: Fluorspar Market 2024

Fluorspar Market Size in Japan

After two years of decline, the Japanese fluorspar market increased by 13% to $X in 2021. In general, consumption, however, showed a abrupt downturn. 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 Japan

In 2021, shipments abroad of fluorspar increased by 91% to X tons, rising for the third consecutive year after five years of decline. Overall, exports, however, showed a significant curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 359% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, fluorspar exports rose rapidly to $X in 2021. Over the period under review, exports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for fluorspar exports from Japan, accounting for a 78% share of total exports. Moreover, fluorspar exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+14.3% per year) and Saudi Arabia (-21.3% per year).

In value terms, China ($X) emerged as the key foreign market for fluorspar exports from Japan, comprising 47% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+4.7% per year) and South Korea (-27.3% per year).

Export Prices by Country

In 2021, the average fluorspar export price amounted to $X per ton, shrinking by -44.3% against the previous year. In general, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 168% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Saudi Arabia (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into Japan

In 2021, after two years of decline, there was significant growth in supplies from abroad of fluorspar, when their volume increased by 14% to X tons. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fluorspar imports rose significantly to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 82%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Mongolia (X tons) were the main suppliers of fluorspar imports to Japan, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +27.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and Mongolia ($X) were the largest fluorspar suppliers to Japan, together accounting for 97% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fluorspar import price stood at $X per ton in 2021, almost unchanged from the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.0% 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 increased by +72.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Mongolia ($X per ton), while the price for Vietnam ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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