Mongolia: Fluorspar Market 2020

Fluorspar Market Size in Mongolia

The revenue of the fluorspar market in Mongolia amounted to $X in 2018, shrinking by -X% against the previous year. In general, fluorspar consumption continues to indicate an abrupt setback. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Over the period under review, the fluorspar market attained its peak figure level at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Fluorspar Production in Mongolia

In value terms, fluorspar production stood at $X in 2018 estimated in export prices. Over the period under review, fluorspar production, however, continues to indicate a moderate shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, fluorspar production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Fluorspar Exports

Exports from Mongolia

Fluorspar exports from Mongolia stood at X tons in 2018, going up by X% against the previous year. Over the period under review, the total exports indicated a conspicuous expansion from 2007 to 2018: its volume 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 exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, fluorspar exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, fluorspar exports totaled $X in 2018. Over the period under review, the total exports indicated a resilient increase from 2007 to 2018: its value 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. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, fluorspar exports reached their maximum at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

Mexico represented the key exporter of fluorspar in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. China (X tons) ranks second in terms of the total exports with a X% share, followed by South Africa (X%), Spain (X%) and Morocco (X%). Myanmar (X tons), Italy (X tons), Namibia (X tons), Thailand (X tons), Germany (X tons) and Belgium (X tons) followed a long way behind the leaders.

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

In Mexico, fluorspar exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mongolia (+X% per year) and China (-X% per year).

Export Prices by Country

In 2018, the fluorspar export price in Mongolia amounted to $X per ton, going up by X% against the previous year. In general, the export price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fluorspar export price decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% year-to-year. Mongolia export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; 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 Belgium, while the other leaders experienced more modest paces of growth.

Fluorspar Imports

Imports into Mongolia

In 2018, the imports of fluorspar into Mongolia stood at X tons, remaining stable against the previous year. Over the period under review, fluorspar imports, however, continue to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. In that year, fluorspar imports attained their peak of X tons. From 2010 to 2018, the growth of fluorspar imports remained at a lower figure.

In value terms, fluorspar imports totaled $X in 2018. Over the period under review, fluorspar imports, however, continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Mongolia imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

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. Turkey (X tons), Tunisia (X tons), the Netherlands (X tons), South Korea (X tons) and Canada (X tons) took a little share 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 largest fluorspar importing markets into Mongolia were the U.S. ($X), India ($X) and Germany ($X), together accounting for X% of total imports. These countries were followed by Italy, Japan, China, Russia, Canada, South Korea, Turkey, Tunisia, the Netherlands and Mongolia, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the fluorspar import price in Mongolia amounted to $X per ton, falling by -X% against the previous year. Overall, the fluorspar import price continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2010 when the import price increased by X% against the previous year. Over the period under review, the import prices for fluorspar reached their maximum 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