Pakistan: Fluorspar Market 2025

Fluorspar Market Size in Pakistan

In 2021, the Pakistani fluorspar market decreased by -49.4% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, posted resilient growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fluorspar Production in Pakistan

In value terms, fluorspar production dropped modestly to $X in 2021 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 506% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Fluorspar Exports

Exports from Pakistan

For the fifth year in a row, Pakistan recorded growth in shipments abroad of fluorspar, which increased by 28% to X tons in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 100% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fluorspar exports skyrocketed to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 95%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), South Korea (X tons) and Saudi Arabia (X tons) were the main destinations of fluorspar exports from Pakistan, with a combined 42% share of total exports. These countries were followed by Italy, China, Thailand, Spain, Malaysia, Vietnam, Indonesia, Taiwan (Chinese), Egypt and Greece, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +713.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), South Korea ($X) and Italy ($X) were the largest markets for fluorspar exported from Pakistan worldwide, with a combined 46% share of total exports.

Italy, with a CAGR of +914.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fluorspar export price amounted to $X per ton, jumping by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into Pakistan

Fluorspar imports into Pakistan skyrocketed to X tons in 2021, increasing by 113% on the previous year. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 4,231% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, fluorspar imports skyrocketed to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,341% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Afghanistan (X tons) was the main supplier of fluorspar to Pakistan, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Afghanistan totaled +29.0%.

In value terms, Afghanistan ($X) constituted the largest supplier of fluorspar to Pakistan.

From 2012 to 2021, the average annual rate of growth in terms of value from Afghanistan amounted to +43.4%.

Import Prices by Country

The average fluorspar import price stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 86% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Afghanistan.

From 2012 to 2021, the rate of growth in terms of prices for Afghanistan amounted to +11.2% per year.

Source: IndexBox Platform

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