Vietnam: Fluorspar Market 2024

Fluorspar Market Size in Vietnam

After two years of growth, the Vietnamese fluorspar market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Fluorspar Production in Vietnam

In value terms, fluorspar production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Fluorspar Exports

Exports from Vietnam

In 2022, overseas shipments of fluorspar increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, fluorspar exports expanded modestly to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Canada (X tons) were the main destinations of fluorspar exports from Vietnam, with a combined X% share of total exports. The United Arab Emirates, Japan, Italy, Belgium and India lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Canada ($X) appeared to be the largest markets for fluorspar exported from Vietnam worldwide, with a combined X% share of total exports. The United Arab Emirates, Japan, Italy, Belgium and India lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fluorspar export price amounted to $X per ton, stabilizing at the previous year. In general, export price indicated a buoyant increase from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorspar export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Canada ($X per ton), while the average price for exports to India ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorspar Imports

Imports into Vietnam

Fluorspar imports into Vietnam contracted remarkably to X tons in 2022, waning by X% on the year before. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, fluorspar imports dropped to $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Pakistan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of fluorspar imports to Vietnam.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%).

In value terms, the largest fluorspar suppliers to Vietnam were Pakistan ($X) and Taiwan (Chinese) ($X).

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average fluorspar import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

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

Source: IndexBox Platform

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