Sweden: Fluorspar Market 2024

Fluorspar Market Size in Sweden

The Swedish fluorspar market surged to $X in 2021, jumping by 41% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +126.3% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fluorspar Production in Sweden

In value terms, fluorspar production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.1% against the previous year. Fluorspar production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Fluorspar Exports

Exports from Sweden

In 2021, fluorspar exports from Sweden surged to X tons, growing by 31% against the year before. Over the period under review, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, fluorspar exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Norway (X tons) and Denmark (X tons) were the main destinations of fluorspar exports from Sweden, with a combined 93% share of total exports. China and South Korea lagged somewhat behind, together comprising a further 5.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for fluorspar exports from Sweden, comprising 53% of total exports. The second position in the ranking was taken by Norway ($X), with a 19% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Denmark amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+2.6% per year) and Germany (-2.5% per year).

Export Prices by Country

In 2021, the average fluorspar export price amounted to $X per ton, dropping by -9.2% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 Denmark (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into Sweden

In 2021, the amount of fluorspar imported into Sweden surged to X tons, growing by 28% on the previous year. In general, imports, however, showed a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of 57%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fluorspar imports surged to $X in 2021. Overall, imports saw a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), China (X tons) and Germany (X tons) were the main suppliers of fluorspar imports to Sweden, together comprising 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fluorspar suppliers to Sweden were the Netherlands ($X), China ($X) and Germany ($X), together accounting for 69% of total imports.

China, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fluorspar import price amounted to $X per ton, with an increase of 30% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorspar import price increased by +122.4% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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