Central Asia: Fluorspar Market 2024

Fluorspar Market Size in Central Asia

In 2022, the Central Asian fluorspar market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Fluorspar Production in Central Asia

In value terms, fluorspar production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a tangible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fluorspar Exports

Exports in Central Asia

In 2022, shipments abroad of fluorspar decreased by X% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorspar exports dropped rapidly to $X in 2022. In general, exports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mongolia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) held a minor share of total exports.

Exports from Mongolia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan increased by X percentage points.

In value terms, Mongolia ($X) remains the largest fluorspar supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mongolia amounted to X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (X%).

Fluorspar Imports

Imports in Central Asia

Fluorspar imports amounted to X tons in 2022, approximately reflecting the previous year's figure. In general, imports posted pronounced growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fluorspar imports declined to $X in 2022. Overall, imports recorded a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Uzbekistan was the major importing country with an import of about X tons, which reached X% of total imports. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (X%). Turkmenistan (X tons) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%), Turkmenistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.), Mongolia (X p.p.), Kazakhstan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported fluorspar in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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