China's import of natural fluorine minerals has shown a significant upward trend from 2013 to 2023, increasing from 38.319 million USD in 2013 to 133.85 million USD in 2023. This represents substantial growth despite a few fluctuations, with notable increases in 2015, 2018, and sustained growth from 2020 onwards.
Year-on-year variations reveal critical shifts in the market, with a dramatic rise in 2018 (144.06%), moderate fluctuation in the subsequent years, and a steady increase in the last two years—2022 (5.79%) and 2023 (5.37%). The five-year CAGR leading up to 2023 is 2.35%, suggesting continued growth but at a more conservative rate compared to earlier periods.
Forecasts predict a continued positive trajectory with imports expected to reach 166.05 million USD by 2028. The projected five-year CAGR from 2024 to 2028 is 3.4%, indicative of moderate yet steady growth ahead.
**Future Trends to Watch For:**- Potential regulatory changes in China's import policies and environmental regulations.- Exploration of new suppliers and diversification in the international fluorine minerals market.- Technological advancements in industries reliant on fluorine minerals which might affect demand forecasts.- Global geopolitical developments impacting trade dynamics.
