The Natural Fluorine Minerals Market size in Canada has experienced significant fluctuations over the past decade. Starting at a value of $207.27 million in 2012, the market saw a sharp decline up until 2015, dropping to $119.29 million. Despite a minor rebound in 2016 and 2017, the market has seen small, persistent declines from 2018 to 2022, ending at $133.32 million in 2022. The overall trend shows a -1.54% CAGR over the last five years.
In analyzing year-on-year variations, the market peaked in 2012 with a 6.06% increase but experienced subsequent decreases, the most notable being -17.8% in 2015. A trend of slow recovery emerged from 2016 through 2020, with slight fluctuations thereafter.
As we look towards the future, it will be crucial to monitor global economic conditions and advancements in industries reliant on fluorine minerals. Innovations in extraction technology and shifts in regulatory policies could also impact market growth. Sustainable practices and environmental concerns are other trends that could influence this market in the years to come.
How does Canada rank in Natural Fluorine Minerals Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 119,220,000 | 2023 | -5.32% | -3.21% | |
| 2 | 2 South Korea | 88,979,000 | 2023 | +1.16% | +0.75% | View data |
| 3 | 3 France | 85,794,000 | 2023 | +0.51% | -0.55% | View data |
| 4 | 4 Poland | 79,435,000 | 2023 | -1.24% | -0.94% | View data |
| 5 | 5 Egypt | 56,527,000 | 2023 | +0.75% | +1.06% | View data |
