Sulphates; of Aluminium Price in South Africa - 2023

Contents:

  1. Sulphates; of Aluminium Price in South Africa (CIF) - 2023
  2. Sulphates; of Aluminium Price in South Africa (FOB) - 2022
  3. Sulphates; of Aluminium Imports in South Africa
  4. Sulphates; of Aluminium Exports in South Africa

Sulphates; of Aluminium Price in South Africa (CIF) - 2023

In September 2023, the average sulphates; of aluminium import price amounted to $202 per ton, growing by 23% against the previous month. Overall, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $403 per ton. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($279 per ton), while the price for Turkey totaled $177 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (-4.3%).

Sulphates; of Aluminium Price in South Africa (FOB) - 2022

In 2022, the average sulphates; of aluminium export price amounted to $593 per ton, falling by -6.7% against the previous year. Overall, the export price saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 48% against the previous year. The export price peaked at $661 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($790 per ton), while the average price for exports to Swaziland ($466 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Aluminium Imports in South Africa

In 2022, the amount of sulphates; of aluminia imported into South Africa surged to 12K tons, jumping by 34% on 2021 figures. The total import volume increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of aluminium imports skyrocketed to $3.7M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sulphates; of Aluminium in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.91.31.02.744.2%
China0.70.81.00.84.6%
Romania0.2N/AN/AN/A0%
Others0.20.10.50.1-20.6%
Total2.02.22.43.722.8%

Top Suppliers of Sulphates; of Aluminium to South Africa in 2022:

  1. Turkey (10.2K tons)
  2. China (1.1K tons)

Sulphates; of Aluminium Exports in South Africa

After two years of decline, shipments abroad of sulphates; of aluminia increased by 88% to 3.2K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of aluminium exports skyrocketed to $1.9M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Sulphates; of Aluminium in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mozambique37131619382830.7%
Zimbabwe28633918045516.7%
Democratic Republic of the Congo14.73.653.810290.7%
Swaziland14512790.797.5-12.4%
Malawi44.833.788.081.021.8%
Namibia17.421.331.358.049.4%
Zambia89.722.02.96.8-57.7%
Senegal249N/AN/AN/A0%
Others2292194372665.1%
Total1,4451,0821,0771,8949.4%

Top Export Markets for Sulphates; of Aluminium from South Africa in 2022:

  1. Mozambique (1714.0 tons)
  2. Zimbabwe (844.7 tons)
  3. Swaziland (209.3 tons)
  4. Democratic Republic of the Congo (161.3 tons)
  5. Malawi (126.3 tons)
  6. Namibia (73.4 tons)
  7. Zambia (9.6 tons)

Source: IndexBox Market Intelligence Platform

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