Price for Salts of Oxometallic or Peroxometallic Acids in South Africa - 2023
Contents:
- Price for Salts of Oxometallic or Peroxometallic Acids in South Africa (FOB) - 2023
- Price for Salts of Oxometallic or Peroxometallic Acids in South Africa (CIF) - 2023
- Exports of Salts of Oxometallic or Peroxometallic Acids in South Africa
- Imports of Salts of Oxometallic or Peroxometallic Acids in South Africa
Price for Salts of Oxometallic or Peroxometallic Acids in South Africa (FOB) - 2023
The average export price for salts of oxometallic or peroxometallic acidses stood at $1,370 per ton in December 2023, declining by -4.4% against the previous month. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 22% month-to-month. As a result, the export price attained the peak level of $1,899 per ton. From July 2023 to December 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In December 2023, the highest price was recorded for prices to Japan ($1,570 per ton) and Brazil ($1,392 per ton), while the average price for exports to China ($1,284 per ton) and the Netherlands ($1,301 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.4%), while the prices for the other major destinations experienced a decline.
Price for Salts of Oxometallic or Peroxometallic Acids in South Africa (CIF) - 2023
The average import price for salts of oxometallic or peroxometallic acidses stood at $3,626 per ton in December 2023, reducing by -71.5% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 362% against the previous month. The import price peaked at $29,838 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($129K per ton), while the price for Brazil ($988 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Salts of Oxometallic or Peroxometallic Acids in South Africa
In 2022, the amount of salts of oxometallic or peroxometallic acidses exported from South Africa reduced to 42K tons, which is down by -8.4% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of 46K tons, and then contracted in the following year.
In value terms, exports of salts of oxometallic or peroxometallic acidses surged to $72M in 2022. The total export value increased at an average annual rate of +8.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Salts of Oxometallic or Peroxometallic Acids in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 1.3 | 3.5 | 18.5 | 83.4% |
| Netherlands | 23.7 | 19.4 | 22.6 | 12.3 | -19.6% |
| China | 9.6 | 10.6 | 9.5 | 11.5 | 6.2% |
| Japan | 6.0 | 4.0 | 7.0 | 6.3 | 1.6% |
| Colombia | N/A | N/A | 1.4 | 3.5 | 150.0% |
| Italy | 1.1 | 0.5 | 1.3 | 2.8 | 36.5% |
| Brazil | 1.1 | 1.0 | 1.0 | 2.6 | 33.2% |
| Uruguay | 1.1 | 3.7 | 2.1 | 1.8 | 17.8% |
| United States | 1.6 | 0.6 | 0.7 | 1.8 | 4.0% |
| Mexico | 0.7 | 0.3 | 0.8 | 1.5 | 28.9% |
| France | 0.6 | 0.2 | 0.4 | 1.5 | 35.7% |
| Belgium | 1.7 | 0.3 | 0.1 | 1.5 | -4.1% |
| Thailand | 0.2 | 1.2 | 1.4 | 1.1 | 76.5% |
| Others | 5.8 | 4.3 | 8.6 | 5.3 | -3.0% |
| Total | 56.3 | 47.6 | 60.2 | 71.9 | 8.5% |
Top Export Markets for Salts of Oxometallic or Peroxometallic Acids from South Africa in 2022:
- Germany (11.1K tons)
- Netherlands (7.3K tons)
- China (6.0K tons)
- Japan (3.8K tons)
- Brazil (2.7K tons)
- Colombia (1.6K tons)
- Italy (1.4K tons)
- France (1.3K tons)
- Uruguay (1.0K tons)
- Thailand (0.9K tons)
- United States (0.8K tons)
- Mexico (0.7K tons)
- Belgium (0.7K tons)
Imports of Salts of Oxometallic or Peroxometallic Acids in South Africa
In 2022, imports of salts of oxometallic or peroxometallic acidses into South Africa fell notably to 563 tons, dropping by -21% on the year before. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of 712 tons, and then shrank notably in the following year.
In value terms, imports of salts of oxometallic or peroxometallic acidses shrank rapidly to $4.8M in 2022. Overall, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.3% 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 +22.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 63%. As a result, imports reached the peak of $6.4M, and then fell significantly in the following year.
| Import of Salts of Oxometallic or Peroxometallic Acids in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,310 | 1,228 | 2,996 | 2,114 | 17.3% |
| China | 1,837 | 1,259 | 1,590 | 1,296 | -11.0% |
| United States | 731 | 929 | 719 | 950 | 9.1% |
| Brazil | 53.1 | 27.8 | 163 | 185 | 51.6% |
| Germany | 210 | 220 | 394 | 73.5 | -29.5% |
| Others | 240 | 297 | 582 | 215 | -3.6% |
| Total | 4,381 | 3,959 | 6,444 | 4,833 | 3.3% |
Top Suppliers of Salts of Oxometallic or Peroxometallic Acids to South Africa in 2022:
- India (255.6 tons)
- China (233.6 tons)
- United States (43.2 tons)
- Germany (11.5 tons)
- Brazil (9.6 tons)
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