South Africa - Rare Earth Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRare Earth Metal Price in South Africa - 2023
Contents:
- Rare Earth Metal Price in South Africa (CIF) - 2022
- Rare Earth Metal Price in South Africa (FOB) - 2022
- Rare Earth Metal Imports in South Africa
- Rare Earth Metal Exports in South Africa
Rare Earth Metal Price in South Africa (CIF) - 2022
The average rare earth metal import price stood at $9,401 per ton in 2022, falling by -42.8% against the previous year. In general, the import price saw a mild decrease. The growth pace was the most rapid in 2015 an increase of 121%. As a result, import price attained the peak level of $41,611 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.2% per year.
Rare Earth Metal Price in South Africa (FOB) - 2022
The average rare earth metal export price stood at $10,384 per ton in 2022, growing by 347% against the previous year. In general, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 600% against the previous year. The export price peaked at $20,366 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($127,171 per ton), while the average price for exports to Democratic Republic of the Congo ($8,460 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 Zimbabwe (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.
Rare Earth Metal Imports in South Africa
In 2022, the amount of rare earth metals imported into South Africa surged to 4.3 tons, growing by 49% compared with 2021. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 165%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, rare earth metal imports fell to $40K in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. As a result, imports attained the peak of $47K, and then contracted in the following year.
| Import of Rare Earth Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 2.3 | 6.8 | 28.9 | 81.9% |
| Germany | 4.4 | 0.1 | N/A | N/A | -97.7% |
| Austria | 12.8 | 6.0 | 4.4 | N/A | -41.4% |
| India | N/A | N/A | 27.0 | N/A | 0% |
| Others | 10.9 | 13.1 | 9.0 | 11.4 | 1.5% |
| Total | 32.9 | 21.5 | 47.2 | 40.2 | 6.9% |
Top Suppliers of Rare Earth Metal to South Africa in 2022:
- China (4.3 tons)
Rare Earth Metal Exports in South Africa
In 2022, shipments abroad of rare earth metals decreased by -81.5% to 126 kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 390%. As a result, the exports reached the peak of 2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, rare earth metal exports dropped sharply to $1.3K in 2022. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,329%. As a result, the exports reached the peak of $38K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Rare Earth Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 1.0 | 0% |
| Zimbabwe | N/A | 5.4 | N/A | 0.3 | -76.4% |
| Botswana | N/A | 0.1 | N/A | N/A | 0% |
| South Korea | N/A | 25.9 | 1.3 | N/A | -95.0% |
| Swaziland | 0.3 | N/A | N/A | N/A | 0% |
| Namibia | 0.7 | N/A | N/A | N/A | 0% |
| Zambia | N/A | N/A | 0.3 | N/A | 0% |
| Ghana | N/A | 7.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 38.4 | 1.6 | 1.3 | 5.7% |
Top Export Markets for Rare Earth Metal from South Africa in 2022:
- Democratic Republic of the Congo (122.0 kg)
- Zimbabwe (2.0 kg)
- Botswana (2.0 kg)
This report provides an in-depth analysis of the rare earth metal market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
449
This report provides an in-depth analysis of the rare earth metal market in South Africa.
355
This report provides an in-depth analysis of the market for alkali and rare earth metals in South Africa.
482
This report provides an in-depth analysis of the mercury market in South Africa.
1008
This report provides an in-depth analysis of the global rare earth metal market.
612
This report provides an in-depth analysis of the global market for alkali and rare earth metals.
1442
This report provides an in-depth analysis of the global mercury market.
555
This report provides an in-depth analysis of the global mercury market.
449
This report provides an in-depth analysis of the rare earth metal market in South Africa.
355
This report provides an in-depth analysis of the market for alkali and rare earth metals in South Africa.
482
This report provides an in-depth analysis of the mercury market in South Africa.
870
The global demand for rare earths is continuing to increase. Countries remain reliant on China, which currently provides approx. 55% of global rare earth production of 252K tons. Future projects to develop mining facilities in Russia, the U.S., Japan and Australia may yet weaken China's leading market hold. The rare earth mineral market is to accelerate on robustly increasing demand from the microelectronics, electric vehicle, wind power and high-tech industries.
1878
In value terms, alkali and alkaline-earth metals imports amounted to $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual...
1470
In value terms, alkali and alkaline-earth metals exports stood at $X in 2016. In general, alkali and alkaline-earth metals exports continue to indicate a relatively flat trend pattern. Over the per...
1161
In value terms, inorganic and organic compounds of mercury imports amounted to $X in 2016. In general, inorganic and organic compounds of mercury imports continue to indicate a measured deduction. ...
1554
In value terms, inorganic and organic compounds of mercury exports amounted to $X in 2016. Overall, inorganic and organic compounds of mercury exports continue to indicate a slight growth. Global i...
2205
Global mercury trade displayed two very distinct trends over the period under review. From 2007 to 2012, global mercury exports showed robust growth, until the trend suddenly switched in 2013. In 2014, exports fell to below half of the previous year’s
870
The global demand for rare earths is continuing to increase. Countries remain reliant on China, which currently provides approx. 55% of global rare earth production of 252K tons. Future projects to develop mining facilities in Russia, the U.S., Japan and Australia may yet weaken China's leading market hold. The rare earth mineral market is to accelerate on robustly increasing demand from the microelectronics, electric vehicle, wind power and high-tech industries.
1878
In value terms, alkali and alkaline-earth metals imports amounted to $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual...
1470
In value terms, alkali and alkaline-earth metals exports stood at $X in 2016. In general, alkali and alkaline-earth metals exports continue to indicate a relatively flat trend pattern. Over the per...
1161
In value terms, inorganic and organic compounds of mercury imports amounted to $X in 2016. In general, inorganic and organic compounds of mercury imports continue to indicate a measured deduction. ...
