Price for Bromides; of Sodium or of Potassium in South Africa - 2024
Contents:
- Price for Bromides; of Sodium or of Potassium in South Africa (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in South Africa (FOB) - 2022
- Imports of Bromides; of Sodium or of Potassium in South Africa
- Exports of Bromides; of Sodium or of Potassium in South Africa
Price for Bromides; of Sodium or of Potassium in South Africa (CIF) - 2022
The average import price for bromides; of sodium or of potassia stood at $1,106 per ton in 2022, which is down by -31.3% against the previous year. Over the period under review, the import price saw a slight curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 86%. Over the period under review, average import prices attained the maximum at $2,859 per ton in 2016; however, from 2017 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 Belgium ($83,000 per ton), while the price for Brazil ($353 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+68.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bromides; of Sodium or of Potassium in South Africa (FOB) - 2022
In 2022, the average export price for bromides; of sodium or of potassia amounted to $1,801 per ton, reducing by -39.7% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs at $3,414 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($5,652 per ton), while the average price for exports to Lesotho ($267 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 Botswana (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bromides; of Sodium or of Potassium in South Africa
In 2022, overseas purchases of bromides; of sodium or of potassia were finally on the rise to reach 448 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt descent.
In value terms, imports of bromides; of sodium or of potassia soared to $496K in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bromides; of Sodium or of Potassium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.2 | 81.0 | 13.9 | 185 | 147.5% |
| Israel | 201 | 106 | 164 | 174 | -4.7% |
| Brazil | 160 | 64.5 | 56.2 | 130 | -6.7% |
| India | 49.3 | 3.2 | 9.0 | 0.7 | -75.8% |
| Others | 8.4 | 13.7 | 120 | 6.7 | -7.3% |
| Total | 431 | 268 | 363 | 496 | 4.8% |
Top Suppliers of Bromides; of Sodium or of Potassium to South Africa in 2022:
- Brazil (368.2 tons)
- Israel (49.5 tons)
- China (30.0 tons)
- India (0.2 tons)
Exports of Bromides; of Sodium or of Potassium in South Africa
In 2022, exports of bromides; of sodium or of potassia from South Africa skyrocketed to 61 tons, increasing by 183% against the previous year. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 412%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of bromides; of sodium or of potassia soared to $110K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 531% against the previous year. As a result, the exports attained the peak of $146K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Bromides; of Sodium or of Potassium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 0.5 | 54.0 | 34.9 | 57.3 | 385.7% |
| Democratic Republic of the Congo | 3.2 | 2.9 | 4.5 | 34.1 | 120.1% |
| Lesotho | N/A | 0.1 | 0.3 | 8.4 | 816.5% |
| Botswana | 4.0 | 57.3 | 0.7 | 3.5 | -4.4% |
| Swaziland | 1.7 | 3.2 | 20.9 | 3.2 | 23.5% |
| Zimbabwe | 7.1 | 23.8 | 2.6 | 2.2 | -32.3% |
| Others | 6.6 | 4.6 | 0.5 | 1.0 | -46.7% |
| Total | 23.1 | 146 | 64.3 | 110 | 68.2% |
Top Export Markets for Bromides; of Sodium or of Potassium from South Africa in 2022:
- Lesotho (31.5 tons)
- Namibia (18.0 tons)
- Democratic Republic of the Congo (6.0 tons)
- Zimbabwe (2.5 tons)
- Botswana (1.4 tons)
- Swaziland (0.9 tons)
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