Africa: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in Africa

The African iron oxide pigment market stood at $X in 2022, remaining stable against the previous year. Overall, consumption, however, posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Iron Oxide Pigment Production in Africa

In value terms, iron oxide pigment production amounted to $X in 2022 estimated in export price. Overall, production saw a prominent increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Iron Oxide Pigment Exports

Exports in Africa

In 2022, overseas shipments of iron oxide pigments increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron oxide pigment exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the iron oxide pigments exports, with a CAGR of X% from 2012 to 2022. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest iron oxide pigment supplier in Africa.

In South Africa, iron oxide pigment exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a mild setback. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 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 South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Iron Oxide Pigment Imports

Imports in Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron oxide pigments, when their volume decreased by X% to X tons. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, iron oxide pigment imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 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 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

South Africa represented the key importer of iron oxide pigments in Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Nigeria (X tons) held the second position in the ranking, followed by Kenya (X tons), Morocco (X tons), Cote d'Ivoire (X tons), Egypt (X tons) and Namibia (X tons). All these countries together held approx. X% share of total imports. The following importers - Algeria (X tons), Ethiopia (X tons), Zimbabwe (X tons), Uganda (X tons), Tanzania (X tons) and Ghana (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Zimbabwe (X%), Kenya (X%), Uganda (X%), Ethiopia (X%), Ghana (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tanzania and Nigeria experienced a relatively flat trend pattern. By contrast, Algeria (X%), Namibia (X%) and Egypt (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Kenya (X p.p.), South Africa (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Namibia and Egypt saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron oxide pigments in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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