Latvia: Fluorspar Market 2020

Fluorspar Market Size in Latvia

The revenue of the fluorspar market in Latvia amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, fluorspar consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Latvia fluorspar consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Fluorspar Exports

Exports from Latvia

In 2018, the amount of fluorspar exported from Latvia stood at X kg, coming down by -X% against the previous year. In general, fluorspar exports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, fluorspar exports reached their peak figure at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, fluorspar exports amounted to $X in 2018. Over the period under review, fluorspar exports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, fluorspar exports attained their maximum at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Mexico (X tons), distantly followed by Mongolia (X tons), China (X tons) and South Africa (X tons) were the largest exporters of fluorspar, together generating X% of total exports. The following exporters - Spain (X tons), Morocco (X tons), Myanmar (X tons), Italy (X tons), Namibia (X tons) and Thailand (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Myanmar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest fluorspar supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Mongolia (+X% per year) and China (-X% per year).

Export Prices by Country

The fluorspar export price in Latvia stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the fluorspar export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Latvia export price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Namibia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Fluorspar Imports

Imports into Latvia

Fluorspar imports into Latvia totaled X tons in 2018, surging by X% against the previous year. Overall, fluorspar imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, fluorspar imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

In value terms, fluorspar imports stood at $X in 2018. In general, fluorspar imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Over the period under review, fluorspar imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Italy (X tons), India (X tons), Japan (X tons), China (X tons), Russia (X tons) and Germany (X tons) represented the largest importers of fluorspar, together making up X% of total imports. The following importers - Turkey (X tons), Tunisia (X tons), the Netherlands (X tons), South Korea (X tons) and Canada (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), India ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Italy, Japan, China, Russia, Canada, South Korea, Turkey, Tunisia, the Netherlands and Latvia lagged somewhat behind, together comprising a further X the main importing countries, Latvia recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fluorspar import price in Latvia amounted to $X per ton, standing approx. at the previous year. In general, the import price indicated moderate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fluorspar import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the import price increased by X% y-o-y. Latvia import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform