Report Update Nov 1, 2024

Sri Lanka - Fluorspar - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Fluorspar Market 2024

Fluorspar Market Size in Sri Lanka

In 2021, the Sri Lankan fluorspar market increased by 17% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, faced a deep slump. Fluorspar consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Fluorspar Production in Sri Lanka

In value terms, fluorspar production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 8%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Fluorspar Exports

Exports from Sri Lanka

In 2021, overseas shipments of fluorspar decreased by -4.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 656%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fluorspar exports surged to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 400%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Lebanon (X tons), Canada (X tons) and Cyprus (X kg) were the main destinations of fluorspar exports from Sri Lanka, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +12.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fluorspar exported from Sri Lanka were Lebanon ($X), Canada ($X) and Cyprus ($X).

Among the main countries of destination, Cyprus, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average fluorspar export price stood at $X per ton in 2021, increasing by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Canada ($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 Lebanon (+28.7%).

Fluorspar Imports

Imports into Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas purchases of fluorspar, which decreased by 0% to X kg in 2017. Overall, imports showed a dramatic setback. The smallest decline of -87.4% was in 2015. Over the period under review, imports reached the maximum at X kg in 2014; however, from 2015 to 2017, imports stood at a somewhat lower figure.

In value terms, fluorspar imports totaled $X in 2017. Over the period under review, imports continue to indicate a dramatic slump. The smallest decline of -88.6% was in 2015. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, China (X kg) was the main supplier of fluorspar to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2014 to 2017, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of fluorspar to Sri Lanka.

From 2014 to 2017, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2017, the average fluorspar import price amounted to $X per ton, flattening at the previous year. In general, the import price showed a slight decline. The growth pace was the most rapid in 2015 when the average import price decreased by -9.3%. The import price peaked at $X per ton in 2014; however, from 2015 to 2017, import prices remained at a lower figure.

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

From 2014 to 2017, the rate of growth in terms of prices for China amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fluorspar in the world?

China constituted the country with the largest volume of fluorspar consumption, comprising approx. 63% of total volume. Moreover, fluorspar consumption in China exceeded the figures recorded by the second-largest consumer, Mexico, ninefold. The third position in this ranking was occupied by the United States, with a 4.1% share.

What are the largest producers of fluorspar in the world?

The country with the largest volume of fluorspar production was China, comprising approx. 63% of total volume. Moreover, fluorspar production in China exceeded the figures recorded by the second-largest producer, Mexico, sixfold. The third position in this ranking was occupied by Mongolia, with an 8% share.

What are the leading suppliers of fluorspar to Sri Lanka?

In value terms, Turkey $21) constituted the largest supplier of fluorspar to Sri Lanka.

What is the average export price for fluorspar in Sri Lanka?

In 2020, the average fluorspar export price amounted to $5,286 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for fluorspar in Sri Lanka?

In 2020, the average fluorspar import price amounted to $5,250 per ton, dropping by -2.8% against the previous year.

This report provides an in-depth analysis of the fluorspar market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023