Thailand: Fluorspar Market 2024

Fluorspar Market Size in Thailand

In 2021, the Thai fluorspar market increased by 18% to $X, rising for the fifth consecutive year after four years of decline. Over the period under review, consumption posted buoyant growth. Fluorspar consumption peaked in 2021 and is expected to retain growth in years to come.

Fluorspar Production in Thailand

In value terms, fluorspar production stood at $X in 2021 estimated in export price. Overall, production saw significant growth. The growth pace was the most rapid in 2017 when the production volume increased by 183%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Fluorspar Exports

Exports from Thailand

In 2021, the amount of fluorspar exported from Thailand contracted dramatically to X tons, waning by -23.2% against the year before. Over the period under review, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 182% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, fluorspar exports contracted dramatically to $X in 2021. In general, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 142% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), India (X tons) and Italy (X tons) were the main destinations of fluorspar exports from Thailand, together accounting for 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +150.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Italy ($X) were the largest markets for fluorspar exported from Thailand worldwide, together comprising 96% of total exports.

China, with a CAGR of +118.5%, saw the highest growth rate of the value of exports, among 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, shrinking by -19.1% against the previous year. In general, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Germany ($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 Taiwan (Chinese) (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorspar Imports

Imports into Thailand

In 2021, the amount of fluorspar imported into Thailand skyrocketed to X tons, growing by 61% against the previous year's figure. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 207% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, fluorspar imports skyrocketed to $X in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 157%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Pakistan (X tons) constituted the largest fluorspar supplier to Thailand, accounting for a 70% share of total imports. Moreover, fluorspar imports from Pakistan exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Pakistan totaled +126.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (+104.7% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, Pakistan ($X) constituted the largest supplier of fluorspar to Thailand, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from Pakistan stood at +158.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+55.6% per year) and Taiwan (Chinese) (0.0% per year).

Import Prices by Country

In 2021, the average fluorspar import price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 27%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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