Africa: Fluorspar Market 2024

Fluorspar Market Size in Africa

The African fluorspar market fell rapidly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank dramatically in the following year.

Fluorspar Production in Africa

In value terms, fluorspar production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fluorspar Exports

Exports in Africa

In 2022, shipments abroad of fluorspar increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, showed a mild setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fluorspar exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Mozambique (X tons) held the second position in the ranking, followed by Morocco (X tons). All these countries together took near X% share of total exports. Zambia (X tons), Nigeria (X tons) and Kenya (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fluorspar exports from South Africa stood at X%. At the same time, Mozambique (X,365.9%), Nigeria (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of X,365.9% from 2012-2022. By contrast, Morocco (X%) and Kenya (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Mozambique, Zambia and Nigeria increased by X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest fluorspar supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, fluorspar exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mozambique (X.6% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Zambia ($X per ton) was amongst the lowest.

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

Fluorspar Imports

Imports in Africa

In 2022, the amount of fluorspar imported in Africa soared to X tons, increasing by X% on 2021 figures. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, fluorspar imports skyrocketed to $X in 2022. Over the period under review, imports saw a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Tunisia represented the key importer of fluorspar in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Egypt (X tons), generating an X% share of total imports. Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fluorspar imports into Tunisia stood at X%. At the same time, Algeria (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tunisia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) constitutes the largest market for imported fluorspar in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Tunisia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price saw a perceptible increase. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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