SADC: Chromates Market 2024

Chromates Market Size in SADC

The SADC chromates market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, faced a abrupt curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Chromates Production in SADC

In value terms, chromates production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Chromates Exports

Exports in SADC

In 2022, after two years of growth, there was decline in overseas shipments of chromates, dichromates and peroxochromates, when their volume decreased by X% to X tons. Total exports indicated a strong increase 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. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, chromates exports soared to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

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 chromates, dichromates and peroxochromates exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest chromates supplier in SADC.

In South Africa, chromates 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 SADC amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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.

Chromates Imports

Imports in SADC

In 2022, purchases abroad of chromates, dichromates and peroxochromates was finally on the rise to reach X tons after four years of decline. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chromates imports soared to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Tanzania (X tons) and Zambia (X tons), together committing a X% share of total imports. Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chromates imports into South Africa stood at X%. At the same time, Madagascar (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) and Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Madagascar increased by X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported chromates, dichromates and peroxochromates in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, chromates imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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