South Africa - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in South Africa - 2023
Contents:
- Petroleum Bitumen Price in South Africa (FOB) - 2022
- Petroleum Bitumen Price in South Africa (CIF) - 2022
- Petroleum Bitumen Exports in South Africa
- Petroleum Bitumen Imports in South Africa
Petroleum Bitumen Price in South Africa (FOB) - 2022
The average petroleum bitumen export price stood at $774 per ton in 2022, jumping by 40% against the previous year. In general, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
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 Zambia ($875 per ton), while the average price for exports to Guinea ($557 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 (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Bitumen Price in South Africa (CIF) - 2022
In 2022, the average petroleum bitumen import price amounted to $194 per ton, reducing by -61.9% against the previous year. Over the period under review, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 91%. Over the period under review, average import prices attained the maximum at $979 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Mozambique ($806 per ton), while the price for Singapore ($59 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Bitumen Exports in South Africa
In 2022, approx. 48K tons of petroleum bitumen were exported from South Africa; waning by -15.6% on 2021 figures. In general, exports continue to indicate a sharp setback.
In value terms, petroleum bitumen exports skyrocketed to $37M in 2022. Over the period under review, exports saw a pronounced shrinkage.
| Export of Petroleum Bitumen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 8.8 | 7.6 | 6.8 | 9.8 | 3.7% |
| Mozambique | 3.4 | 2.0 | 2.8 | 4.9 | 13.0% |
| Zimbabwe | 5.6 | 3.4 | 4.2 | 4.3 | -8.4% |
| Namibia | 3.0 | 1.9 | 1.9 | 3.2 | 2.2% |
| Malawi | 4.0 | 1.7 | 0.9 | 2.0 | -20.6% |
| Swaziland | 1.1 | 2.5 | 1.5 | 1.9 | 20.0% |
| Angola | N/A | N/A | N/A | 1.5 | 0% |
| Guinea | 0.7 | 1.1 | 2.1 | 1.3 | 22.9% |
| Botswana | 1.5 | 1.9 | 1.8 | 1.2 | -7.2% |
| Mauritius | 3.6 | 2.5 | 2.4 | 0.4 | -51.9% |
| Madagascar | 1.1 | 1.3 | 0.3 | 0.3 | -35.2% |
| Kenya | 1.8 | 0.7 | 0.1 | 0.2 | -51.9% |
| France | 2.6 | 2.0 | 1.4 | N/A | -26.6% |
| Others | 6.0 | 3.4 | 5.0 | 6.0 | 0.0% |
| Total | 43.1 | 31.9 | 31.3 | 37.0 | -5.0% |
Top Export Markets for Petroleum Bitumen from South Africa in 2022:
- Zambia (11.2K tons)
- Mozambique (6.2K tons)
- Zimbabwe (5.0K tons)
- Namibia (4.4K tons)
- Angola (2.5K tons)
- Guinea (2.4K tons)
- Malawi (2.4K tons)
- Swaziland (2.4K tons)
- Botswana (1.6K tons)
- Madagascar (0.5K tons)
- Kenya (0.5K tons)
- Mauritius (0.5K tons)
Petroleum Bitumen Imports in South Africa
In 2022, the amount of petroleum bitumen imported into South Africa soared to 327K tons, increasing by 2,881% on the year before. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, petroleum bitumen imports surged to $63M in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,487%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Petroleum Bitumen in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 14.9 | 0% |
| Greece | N/A | N/A | N/A | 12.3 | 0% |
| Italy | N/A | N/A | N/A | 8.0 | 0% |
| Malaysia | 0.1 | 0.1 | 0.1 | 6.9 | 310.2% |
| Mozambique | N/A | N/A | N/A | 5.8 | 0% |
| Bahrain | N/A | N/A | N/A | 5.4 | 0% |
| United Arab Emirates | N/A | N/A | 1.0 | 4.3 | 330.0% |
| Others | 0.4 | 0.3 | 4.5 | 5.8 | 143.8% |
| Total | 0.5 | 0.4 | 5.6 | 63.4 | 402.4% |
Top Suppliers of Petroleum Bitumen to South Africa in 2022:
- Singapore (251.2K tons)
- Greece (23.9K tons)
- Italy (11.8K tons)
- Malaysia (8.9K tons)
- Bahrain (8.4K tons)
- United Arab Emirates (8.0K tons)
- Mozambique (7.1K tons)
This report provides an in-depth analysis of the petroleum bitumen market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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