South-Eastern Asia: Fluorspar Market 2024

Fluorspar Market Size in South-Eastern Asia

The Southeast Asian fluorspar market surged to $X in 2021, with an increase of 18% against the previous year. Over the period under review, consumption recorded a significant increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Fluorspar Production in South-Eastern Asia

In value terms, fluorspar production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 146% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fluorspar Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of fluorspar decreased by -12.6% to X tons, falling for the second year in a row after eight years of growth. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 81%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fluorspar exports dropped to $X in 2021. Over the period under review, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 120%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, resulting at X tons, which was approx. 84% of total exports in 2021. It was distantly followed by Myanmar (X tons) and Thailand (X tons), together making up a 14% share of total exports.

Vietnam was also the fastest-growing in terms of the fluorspar exports, with a CAGR of +16.1% from 2012 to 2021. Thailand (-1.8%) and Myanmar (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +40 percentage points.

In value terms, Vietnam ($X) remains the largest fluorspar supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by Myanmar ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +21.5%. In the other countries, the average annual rates were as follows: Myanmar (-2.2% per year) and Thailand (-5.2% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 43%. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Fluorspar Imports

Imports in South-Eastern Asia

In 2021, fluorspar imports in South-Eastern Asia surged to X tons, rising by 18% on the previous year's figure. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 118%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, fluorspar imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 147% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Indonesia dominates imports structure, accounting for X tons, which was near 77% of total imports in 2021. Thailand (X tons) took the second position in the ranking, followed by Vietnam (X tons) and Malaysia (X tons). All these countries together held approx. 22% share of total imports.

Indonesia was also the fastest-growing in terms of the fluorspar imports, with a CAGR of +40.9% from 2012 to 2021. At the same time, Thailand (+34.7%) and Vietnam (+31.8%) displayed positive paces of growth. By contrast, Malaysia (-3.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Indonesia, Thailand and Vietnam increased by +53, +4.6 and +2.9 percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported fluorspar in South-Eastern Asia, comprising 84% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.7% share of total imports. It was followed by Thailand, with a 5% share.

In Indonesia, fluorspar imports expanded at an average annual rate of +42.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+31.6% per year) and Thailand (+21.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 24% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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