With the continuous growth of global industrialization and green energy demand, sodium feldspar, as an important raw material in the fields of ceramics, glass and new energy, will see a complex and dynamic change in its market supply in 2024. According to industry data and market analysis, the supply of sodium feldspar will remain stable in 2024, but regional differences and changes in downstream demand will bring new opportunities and challenges to the market.
In 2024, the global supply of sodium feldspar will be mainly concentrated in major production areas such as China, Turkey, India and Italy. According to the “Global Mineral Resources Reserve Assessment Report 2024” released by the China Geological Survey, the global sodium feldspar reserves are still sufficient, and the exploitable reserves are expected to exceed 1 billion tons, of which China accounts for about 30% of the global reserves, ranking first. The global sodium feldspar production is expected to reach about 45 million tons for the whole year, an increase of about 3.5% year-on-year, mainly due to the expansion of mines in China and Turkey.
In China, the production of sodium feldspar in 2024 was about 14 million tons, accounting for 31% of the global total production. According to the National Bureau of Statistics, as of late September 2024, the market price monitoring of important means of production in the national circulation field showed that the average price of sodium feldspar was stable at RMB 600-700 per ton, an increase of about 5% over the same period in 2023. This price fluctuation is mainly affected by the increase in mining costs and logistics costs.
From the perspective of supply and demand, the sodium feldspar market is generally in a state of supply and demand balance in 2024, but there are obvious regional differences. As the world’s largest sodium feldspar consumer market, China’s demand mainly comes from the ceramic and glass manufacturing industries. According to the “2024-2029 China Sodium Feldspar Plant Industry Development Trend Analysis and Future Investment Research Report”, in 2024, China’s ceramic industry’s demand for sodium feldspar is about 9 million tons, accounting for 65% of the total domestic demand. At the same time, with the rapid development of sodium-ion battery technology, the demand for high-purity sodium feldspar in the new energy field has increased significantly, and the annual demand is expected to reach 500,000 tons, a year-on-year increase of 20%.
In the international market, Turkey and India have increased their export efforts with their low-cost advantages. In 2024, Turkey’s sodium feldspar exports are expected to reach 8 million tons, mainly sold to Europe and the Middle East; while India’s exports are about 5 million tons, with target markets including Southeast Asia and North America. However, due to a brief increase in international shipping costs in early 2024, the landed price of sodium feldspar in some regions once climbed to US$80-90 per ton, 10% higher than the same period in 2023.
The Chinese government continued to promote the green mining policy of mineral resources in 2024, and sodium feldspar mines in many places temporarily reduced production due to upgraded environmental protection requirements. For example, some small and medium-sized mines in Inner Mongolia and Shandong stopped production for rectification in the middle of the year, resulting in local supply shortages. However, large mines have made up for this gap through technological upgrades and capacity optimization, ensuring the overall stability of national supply.
The fluctuation of global energy prices in 2024 directly pushed up the transportation cost of sodium feldspar. Taking China as an example, the average transportation cost from mines to processing plants rose by about 8% to RMB 30-35 per ton. The international market was also affected, and European buyers reported that the logistics cost of importing sodium feldspar from Turkey increased by about 15%.
The ceramic and glass industries are still the main consumer areas of sodium feldspar, but the rise of new energy industries is reshaping the demand structure. According to estimates by market research institutions, in 2024, the demand for sodium feldspar from sodium-ion battery-related industries will account for 3% of the global total demand. This proportion is expected to increase to 8% by 2027, becoming an important variable on the supply side.
In 2024, the global sodium feldspar market will see strong supply and demand, with prices rising steadily. Henan Ankai New Materials Co., Ltd. occupies an important position in the sodium feldspar market with its high-quality products and global layout. In the future, the company will continue to focus on technological innovation and green manufacturing to promote the efficient development of the sodium feldspar industry.
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