The import of fluorspar containing more than 97% calcium fluoride to Japan is forecasted to decline steadily from 2024 to 2028. In 2023, the volume stood slightly higher at approximately 89 million kilograms. The year-on-year decreases are modest, with each year seeing a reduction by a little over 1% compared to the previous year, between 2024 and 2028. This trend suggests a compound annual growth rate (CAGR) of about -1.5% over these five years.
Future trends to watch include:
- Fluctuations in global demand for high-purity calcium fluoride, which could affect supply strategies.
- Technological advancements in industries utilizing fluorspar, potentially altering import needs.
- Regulatory changes or sustainability initiatives affecting mining and exportation processes from major source countries.