Organo-Sulphur Compounds; Methionine Price in South Africa - 2023
Contents:
- Organo-Sulphur Compounds; Methionine Price in South Africa (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Price in South Africa (FOB) - 2023
- Organo-Sulphur Compounds; Methionine Imports in South Africa
- Organo-Sulphur Compounds; Methionine Exports in South Africa
Organo-Sulphur Compounds; Methionine Price in South Africa (CIF) - 2022
In 2022, the average organo-sulphur compounds; methionine import price amounted to $2,809 per ton, jumping by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 when the average import price increased by 33%. As a result, import price reached the peak level of $4,588 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($2,934 per ton) and Singapore ($2,924 per ton), while the price for Belgium ($2,401 per ton) and China ($2,585 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-3.3%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Price in South Africa (FOB) - 2023
In July 2023, the average organo-sulphur compounds; methionine export price amounted to $2,139 per ton, falling by -1.5% against the previous month. In general, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in December 2022 an increase of 60% m-o-m. As a result, the export price attained the peak level of $4,784 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($2,441 per ton), while the average price for exports to Mozambique ($1,282 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (-1.1%), while the prices for the other major destinations experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in South Africa
For the fourth year in a row, South Africa recorded growth in supplies from abroad of organo-sulphur compounds; methionines, which increased by 8.4% to 16K tons in 2022. The total import volume increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, organo-sulphur compounds; methionine imports skyrocketed to $46M in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Organo-Sulphur Compounds; Methionine in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.2 | 9.2 | 17.6 | 27.8 | 64.9% |
| Japan | 4.4 | 7.5 | 9.3 | 10.8 | 34.9% |
| Belgium | 9.0 | 3.9 | 3.2 | 3.1 | -29.9% |
| China | 0.4 | 1.0 | 1.6 | 2.2 | 76.5% |
| France | 0.6 | 1.1 | 1.4 | 1.4 | 32.6% |
| Germany | 2.0 | 0.6 | N/A | 0.5 | -37.0% |
| Others | 0.9 | 0.2 | N/A | N/A | -77.8% |
| Total | 23.3 | 23.6 | 33.1 | 45.8 | 25.3% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to South Africa in 2022:
- Singapore (9.5K tons)
- Japan (4.0K tons)
- Belgium (1.3K tons)
- China (0.8K tons)
- France (0.5K tons)
- Germany (0.2K tons)
Organo-Sulphur Compounds; Methionine Exports in South Africa
In 2022, the amount of organo-sulphur compounds; methionines exported from South Africa rose to 2.9K tons, with an increase of 1.6% compared with 2021. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, organo-sulphur compounds; methionine exports skyrocketed to $9.8M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Organo-Sulphur Compounds; Methionine in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 929 | 1,319 | 2,162 | 3,001 | 47.8% |
| Zambia | 1,141 | 1,249 | 1,908 | 2,966 | 37.5% |
| Mozambique | 452 | 518 | 1,048 | 1,117 | 35.2% |
| Malawi | 525 | 548 | 1,078 | 1,072 | 26.9% |
| Botswana | 207 | 493 | 742 | 633 | 45.1% |
| Swaziland | 3.4 | 2.0 | 108 | 247 | 317.3% |
| Uganda | 146 | 188 | 96.4 | 229 | 16.2% |
| Kenya | 390 | 187 | 254 | 178 | -23.0% |
| Tanzania | 267 | 123 | 215 | 138 | -19.7% |
| Cameroon | 80.6 | 800 | 138 | N/A | 30.8% |
| Others | 119 | 413 | 487 | 249 | 27.9% |
| Total | 4,259 | 5,840 | 8,237 | 9,830 | 32.2% |
Top Export Markets for Organo-Sulphur Compounds; Methionine from South Africa in 2022:
- Zimbabwe (932.5 tons)
- Zambia (786.0 tons)
- Mozambique (360.3 tons)
- Malawi (349.6 tons)
- Botswana (196.1 tons)
- Swaziland (77.5 tons)
- Uganda (66.5 tons)
- Kenya (49.0 tons)
- Tanzania (41.7 tons)
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