Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa - 2024

Contents:

  1. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (CIF) - 2024
  2. Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (FOB) - 2022
  3. Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa
  4. Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (CIF) - 2024

The average import price for pitch; obtained from coal tar or from other mineral tarses stood at $1,254 per ton in July 2023, falling by -3.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 95% month-to-month. The import price peaked at $1,389 per ton in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($1,293 per ton), while the price for Zimbabwe stood at $610 per ton.

From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (FOB) - 2022

The average export price for pitch; obtained from coal tar or from other mineral tarses stood at $753 per ton in 2022, declining by -37.3% against the previous year. Over the period under review, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 176%. Over the period under review, the average export prices reached the peak figure at $2,432 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($1,185 per ton), while the average price for exports to Democratic Republic of the Congo ($615 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 (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa

For the fourth consecutive year, South Africa recorded growth in supplies from abroad of pitch; obtained from coal tar or from other mineral tarses, which increased by 2.3% to 53K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.1% 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 +82.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of pitch; obtained from coal tar or from other mineral tarses skyrocketed to $71M in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 117% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8.38.115.234.861.3%
South Korea7.611.117.124.647.9%
Belgium2.62.412.811.664.6%
ZimbabweN/AN/AN/A0.40%
Denmark1.8N/AN/AN/A0%
AustraliaN/AN/A1.5N/A0%
OthersN/AN/AN/AN/A0%
Total20.321.546.771.452.1%

Top Suppliers of Pitch; Obtained from Coal Tar or from Other Mineral Tars to South Africa in 2022:

  1. China (25.3K tons)
  2. South Korea (18.7K tons)
  3. Belgium (8.6K tons)
  4. Zimbabwe (0.9K tons)

Exports of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa

For the fourth year in a row, South Africa recorded growth in shipments abroad of pitch; obtained from coal tar or from other mineral tarses, which increased by 1,855% to 107 tons in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of pitch; obtained from coal tar or from other mineral tarses soared to $81K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Pitch; Obtained from Coal Tar or from Other Mineral Tars in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GhanaN/AN/AN/A58.00%
BotswanaN/A0.9N/A12.5272.7%
Democratic Republic of the CongoN/AN/A1.25.6366.7%
ZimbabweN/A2.00.44.550.0%
Others2.74.44.9N/A34.7%
Total2.77.36.680.6210.2%

Top Export Markets for Pitch; Obtained from Coal Tar or from Other Mineral Tars from South Africa in 2022:

  1. Ghana (83.2 tons)
  2. Botswana (10.5 tons)
  3. Democratic Republic of the Congo (9.0 tons)
  4. Zimbabwe (4.2 tons)

Source: IndexBox Market Intelligence Platform

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