The natural fluorine minerals market in Belgium experienced fluctuations over the past decade, reaching a value of 29.44 million US dollars in 2023. Between 2013 and 2017, the market faced a decline, with notable dips in 2017 and 2018. A recovery began in 2020, showing significant growth, continuing through to 2023. Year-on-year growth was 3.91% in 2023, with a CAGR of 4.94% over the last five years, indicating an upward trend after previous volatility.
Future trends to watch for include:
- Potential impact of global economic factors on mineral exports.
- Technological advancements that may increase demand for fluorine minerals.
- Sustainability practices influencing market operations and consumer choices.
- Potential regulatory changes affecting the mining and trade of natural resources.
How does Belgium 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% | View data |
| 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 |
| 6 | 6 United Kingdom | 36,998,000 | 2023 | -0.37% | +0.96% | View data |
| 7 | 7 Belgium | 29,440,000 | 2023 | +3.91% | +4.94% | |
| 8 | 8 Portugal | 22,143,000 | 2023 | -1.53% | -0.6% | View data |
| 9 | 9 Romania | 12,638,000 | 2023 | -1.59% | -1.04% | View data |
