U.S.: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in the U.S.

For the fifth year in a row, the U.S. complex fluorine salts market recorded growth in sales value, which increased by 1.5% to $X in 2021. In general, consumption recorded prominent growth. Complex fluorine salts consumption peaked in 2021 and is likely to see gradual growth in the near future.

Complex Fluorine Salts Production in the U.S.

In value terms, complex fluorine salts production declined rapidly to $X in 2021. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 219% against the previous year. As a result, production reached the peak level of $X, and then fell rapidly in the following year.

Complex Fluorine Salts Exports

Exports from the U.S.

In 2021, shipments abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 103% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, complex fluorine salts exports expanded sharply to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 41%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Canada (X tons) and Ireland (X tons) were the main destinations of complex fluorine salts exports from the United States, with a combined 65% share 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 Ireland (with a CAGR of +45.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from the United States, comprising 45% of total exports. The second position in the ranking was held by Mexico ($X), with a 13% share of total exports. It was followed by Singapore, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+31.1% per year) and Singapore (+12.5% per year).

Export Prices by Country

In 2021, the average complex fluorine salts export price amounted to $X per ton, declining by -12% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 155% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Mexico (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into the U.S.

Complex fluorine salts imports into the United States soared to X tons in 2021, picking up by 44% against the year before. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports soared to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Canada (X tons) and China (X tons) were the main suppliers of complex fluorine salts imports to the United States, with a combined 58% share of total imports. Thailand, Italy, Germany, Belgium, Iceland, Taiwan (Chinese), Japan and India lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +84.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts to the United States, comprising 28% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Mexico, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.7% per year) and Mexico (-5.1% per year).

Import Prices by Country

In 2021, the average complex fluorine salts import price amounted to $X per ton, with a decrease of -3.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 when the average import price increased by 20%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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