Chlorates; of Sodium Price in South Africa - 2023

Contents:

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

Chlorates; of Sodium Price in South Africa (CIF) - 2023

In September 2023, the average chlorates; of sodium import price amounted to $668 per ton, with a decrease of -27.1% against the previous month. In general, import price indicated a mild expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, chlorates; of sodium import price decreased by -27.1% against August 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 21% m-o-m. The import price peaked at $917 per ton in August 2023, and then fell remarkably in the following month.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($676 per ton), while the price for China amounted to $486 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Finland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorates; of Sodium Price in South Africa (FOB) - 2022

In 2022, the average chlorates; of sodium export price amounted to $1,709 per ton, picking up by 31% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 109%. The export price peaked at $2,947 per ton in 2017; however, from 2018 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 ($3,479 per ton), while the average price for exports to Swaziland ($795 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 Namibia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorates; of Sodium Imports in South Africa

Chlorates; of sodium imports into South Africa reduced to 16K tons in 2022, dropping by -8.3% compared with 2021. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 7.4%. As a result, imports attained the peak of 17K tons, and then dropped in the following year.

In value terms, chlorates; of sodium imports soared to $9.3M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Chlorates; of Sodium in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden0.20.11.73.6162.1%
CanadaN/A0.13.12.3379.6%
Finland4.50.50.22.2-21.2%
France2.02.00.60.6-33.1%
United StatesN/AN/AN/A0.20%
Uruguay1.00.2N/AN/A-80.0%
Brazil0.54.61.5N/A73.2%
Others0.20.40.60.314.5%
Total8.47.87.79.33.5%

Top Suppliers of Chlorates; of Sodium to South Africa in 2022:

  1. Sweden (6.7K tons)
  2. Canada (4.2K tons)
  3. Finland (3.1K tons)
  4. France (1.0K tons)
  5. United States (0.5K tons)

Chlorates; of Sodium Exports in South Africa

In 2022, shipments abroad of chlorates; of sodia decreased by -17.9% to 72 tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 146% against the previous year. As a result, the exports attained the peak of 148 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chlorates; of sodium exports expanded significantly to $123K in 2022. In general, exports showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 15%. As a result, the exports reached the peak of $168K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Chlorates; of Sodium in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Zimbabwe11351.11.053.1-22.3%
Namibia1.10.20.618.3155.3%
Botswana0.811.42.913.8158.4%
Swaziland2.47.84.810.060.9%
Mozambique2.80.40.99.449.7%
Lesotho0.32.50.36.4177.3%
Zambia12.8N/A4.32.9-39.0%
Democratic Republic of the Congo4.787.892.80.6-49.6%
Malawi6.60.60.10.3-64.3%
Others0.96.06.28.3109.7%
Total145168114123-5.3%

Top Export Markets for Chlorates; of Sodium from South Africa in 2022:

  1. Zimbabwe (28.1 tons)
  2. Swaziland (12.6 tons)
  3. Botswana (10.7 tons)
  4. Mozambique (6.0 tons)
  5. Namibia (5.2 tons)
  6. Lesotho (3.0 tons)
  7. Zambia (1.5 tons)
  8. Democratic Republic of the Congo (0.2 tons)
  9. Malawi (0.1 tons)

Source: IndexBox Market Intelligence Platform

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