Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa (FOB) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa (CIF) - 2022
3. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa
4. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.1 per unit in 2022, dropping by -21.5% against the previous year. In general, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $0.3 per unit. From 2016 to 2022, the average export prices remained at a 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 Zambia ($0.5 per unit), while the average price for exports to Madagascar ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+201.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.3 per unit, rising by 25% against the previous year. In general, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $0.6 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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 Italy ($3 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones exported from South Africa reached 4.2M units, increasing by 6.8% compared with the previous year. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.7% 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 +93.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37%. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted notably to $544K in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $648K, and then reduced markedly in the following year.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from South Africa in 2022:

1. Madagascar (1284.7K units)
2. Botswana (670.0K units)
3. Nigeria (641.3K units)
4. Namibia (420.5K units)
5. Mozambique (354.9K units)
6. Democratic Republic of the Congo (325.9K units)
7. Swaziland (288.5K units)
8. Zimbabwe (50.5K units)
9. Zambia (45.1K units)
10. Lesotho (16.5K units)

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in South Africa

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones imported into South Africa rose notably to 1.6M units, increasing by 9.1% against 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 138%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $496K in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to South Africa in 2022:

1. China (1408.4K units)
2. Italy (73.4K units)
3. Israel (28.6K units)
4. United States (26.1K units)

Source: IndexBox Market Intelligence Platform