India: Fluorspar Market 2024

Fluorspar Market Size in India

The Indian fluorspar market soared to $X in 2022, growing by X% against the previous year. Overall, consumption showed a buoyant increase. Fluorspar consumption peaked in 2022 and is likely to see gradual growth in the near future.

Fluorspar Production in India

In value terms, fluorspar production totaled $X in 2022 estimated in export price. In general, production showed a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Fluorspar Exports

Exports from India

In 2022, the amount of fluorspar exported from India skyrocketed to X tons, picking up by X% against the previous year. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, fluorspar exports surged to $X in 2022. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for fluorspar exports from India, accounting for a X% share of total exports. Moreover, fluorspar exports to Indonesia exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Egypt (X% per year).

In value terms, Indonesia ($X) remains the key foreign market for fluorspar exports from India, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Bangladesh, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average fluorspar export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into India

In 2022, overseas purchases of fluorspar increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, fluorspar imports surged to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Africa (X tons) constituted the largest supplier of fluorspar to India, with a X% share of total imports. Moreover, fluorspar imports from South Africa exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of fluorspar to India, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average fluorspar import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Luxembourg ($X per ton), while the price for Thailand ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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