Price for Magnesium; Waste and Scrap in South Africa - 2023
Contents:
- Price for Magnesium; Waste and Scrap in South Africa (FOB) - 2022
- Price for Magnesium; Waste and Scrap in South Africa (CIF) - 2022
- Exports of Magnesium; Waste and Scrap in South Africa
- Imports of Magnesium; Waste and Scrap in South Africa
Price for Magnesium; Waste and Scrap in South Africa (FOB) - 2022
The average magnesium; waste and scrap export price stood at $1,559 per ton in 2022, picking up by 20% against the previous year. Over the period under review, the export price, however, saw a noticeable downturn. Over the period under review, the average export prices reached the peak figure at $2,329 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.1% per year.
Price for Magnesium; Waste and Scrap in South Africa (CIF) - 2022
In 2022, the average magnesium; waste and scrap import price amounted to $1,527 per ton, waning by -60.4% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 171% against the previous year. As a result, import price attained the peak level of $3,856 per ton, and then declined notably in the following year.
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 ($8,783 per ton), while the price for Namibia ($859 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Magnesium; Waste and Scrap in South Africa
In 2022, overseas shipments of magnesium; waste and scraps increased by 16% to 22 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, magnesium; waste and scrap exports skyrocketed to $34K in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Magnesium; Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.3 | 9.5 | 9.9 | 34.4 | 54.7% |
| Germany | 9.1 | 7.7 | 5.9 | N/A | -19.5% |
| Netherlands | 3.5 | 3.5 | 3.6 | N/A | 1.4% |
| Brazil | 5.1 | 4.9 | 4.9 | N/A | -2.0% |
| Others | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Total | 27.2 | 25.9 | 24.6 | 34.4 | 8.1% |
Top Export Markets for Magnesium; Waste and Scrap from South Africa in 2022:
- India (22.1 tons)
Imports of Magnesium; Waste and Scrap in South Africa
In 2022, imports of magnesium; waste and scraps into South Africa skyrocketed to 3.5 tons, growing by 169% on the previous year's figure. Over the period under review, imports continue to indicate prominent growth.
In value terms, magnesium; waste and scrap imports rose notably to $5.4K in 2022. In general, imports, however, continue to indicate a deep contraction.
| Import of Magnesium; Waste and Scrap in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 6.2 | 2.3 | 0.7 | 3.6 | -16.6% |
| Namibia | N/A | 3.3 | 0.6 | 1.7 | -28.2% |
| United Kingdom | N/A | N/A | 3.7 | N/A | 0% |
| Others | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Total | 6.5 | 5.7 | 5.0 | 5.4 | -6.0% |
Top Suppliers of Magnesium; Waste and Scrap to South Africa in 2022:
- Namibia (2.0 tons)
- Botswana (1.5 tons)
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