Carbonates; Potassium Carbonate Price in South Africa - 2023
Contents:
- Carbonates; Potassium Carbonate Price in South Africa (CIF) - 2022
- Carbonates; Potassium Carbonate Price in South Africa (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in South Africa
- Carbonates; Potassium Carbonate Exports in South Africa
Carbonates; Potassium Carbonate Price in South Africa (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,111 per ton in 2022, surging by 30% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($7,141 per ton), while the price for Spain ($191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Carbonates; Potassium Carbonate Price in South Africa (FOB) - 2022
In 2022, the average carbonates; potassium carbonate export price amounted to $2,146 per ton, growing by 26% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate export price increased by +47.8% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($8,871 per ton), while the average price for exports to Germany ($390 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 (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.
Carbonates; Potassium Carbonate Imports in South Africa
In 2022, approx. 7.3K tons of carbonates; potassium carbonates were imported into South Africa; jumping by 55% on 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, carbonates; potassium carbonate imports surged to $8.1M in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,464 | 901 | 1,402 | 2,427 | 18.4% |
| China | 245 | 353 | 465 | 2,250 | 109.4% |
| Italy | 634 | 773 | 785 | 873 | 11.3% |
| United States | 211 | N/A | 1.3 | 824 | 57.5% |
| Germany | 128 | 997 | 208 | 733 | 78.9% |
| Taiwan (Chinese) | 261 | 270 | 295 | 413 | 16.5% |
| Russia | 270 | 727 | 780 | 233 | -4.8% |
| Others | 132 | 232 | 113 | 364 | 40.2% |
| Total | 3,345 | 4,254 | 4,048 | 8,117 | 34.4% |
Top Suppliers of Carbonates; Potassium Carbonate to South Africa in 2022:
- South Korea (3275.8 tons)
- China (1304.2 tons)
- Italy (1120.7 tons)
- Germany (521.8 tons)
- Taiwan (Chinese) (418.3 tons)
- Russia (327.0 tons)
- United States (115.4 tons)
Carbonates; Potassium Carbonate Exports in South Africa
In 2022, carbonates; potassium carbonate exports from South Africa skyrocketed to 168 tons, growing by 35% compared with 2021 figures. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, carbonates; potassium carbonate exports soared to $360K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 89%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Carbonates; Potassium Carbonate in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | N/A | N/A | N/A | 209 | 0% |
| Zambia | 87.0 | 39.7 | 138 | 62.5 | -10.4% |
| Botswana | 33.3 | 38.6 | 24.5 | 17.6 | -19.1% |
| Zimbabwe | 3.3 | 6.9 | 3.9 | 17.4 | 74.1% |
| Namibia | 3.1 | 9.4 | 12.6 | 14.4 | 66.9% |
| Swaziland | 2.5 | N/A | 14.6 | 9.2 | 54.4% |
| Germany | N/A | N/A | N/A | 7.8 | 0% |
| Others | 32.7 | 17.9 | 19.1 | 23.0 | -11.1% |
| Total | 162 | 112 | 212 | 360 | 30.5% |
Top Export Markets for Carbonates; Potassium Carbonate from South Africa in 2022:
- Bolivia (51.2 tons)
- Zambia (36.7 tons)
- Germany (20.0 tons)
- Botswana (18.8 tons)
- Zimbabwe (17.8 tons)
- Namibia (11.2 tons)
- Swaziland (7.4 tons)
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