Namibia: Fluorspar Market 2020

Fluorspar Market Size in Namibia

The revenue of the fluorspar market in Namibia amounted to $X in 2018, declining by -X% against the previous year. Overall, fluorspar consumption continues to indicate a precipitous deduction. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, the fluorspar market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Fluorspar Production in Namibia

In value terms, fluorspar production totaled $X in 2018 estimated in export prices. Overall, fluorspar production, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Namibia fluorspar production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Fluorspar Exports

Exports from Namibia

In 2018, approx. X tons of fluorspar were exported from Namibia; going up by X% against the previous year. Over the period under review, fluorspar exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Namibia exports peaked at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, fluorspar exports totaled $X in 2018. Over the period under review, fluorspar exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Namibia exports peaked at $X in 2011; however, from 2012 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 major exporters of fluorspar, together constituting X% of total exports. The following exporters - Spain (X tons), Morocco (X tons), Myanmar (X tons), Italy (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 ($X) remains the largest fluorspar supplier from Namibia, comprising X% of global exports. The second position in the ranking was occupied by Mongolia ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (+X% per year) and China (-X% per year).

Export Prices by Country

In 2018, the fluorspar export price in Namibia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price indicated a prominent expansion 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 export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 when the export price increased by X% y-o-y. Over the period under review, the export prices for fluorspar reached their peak figure in 2018 and is expected to retain its 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 Morocco ($X per ton), while Italy ($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 Namibia

In 2018, approx. X tons of fluorspar were imported into Namibia; dropping by -X% against the previous year. Over the period under review, fluorspar imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. Over the period under review, fluorspar imports reached their peak figure at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, fluorspar imports amounted to $X in 2018. In general, fluorspar imports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. In that year, fluorspar imports attained their peak of $X. From 2013 to 2018, the growth of fluorspar 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) were the key 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) followed a long way behind the leaders.

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) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Italy, Japan, China, Russia, Canada, South Korea, Turkey, Tunisia, the Netherlands and Namibia, which together accounted for a further X experienced the highest growth rate of imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The fluorspar import price in Namibia stood at $X per ton in 2018, picking up by X% against the previous year. In general, the fluorspar import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Namibia import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; 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