SADC: Iron Oxide Pigment Market 2024

Iron Oxide Pigment Market Size in SADC

The SADC iron oxide pigment market expanded modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a moderate 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Iron Oxide Pigment Production in SADC

In value terms, iron oxide pigment production totaled $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Iron Oxide Pigment Exports

Exports in SADC

In 2022, overseas shipments of iron oxide pigments increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a significant expansion. 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 surged to $X in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from South Africa (X tons), together reaching X% of total export.

South Africa was also the fastest-growing in terms of the iron oxide pigments 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 iron oxide pigment supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 SADC

Iron oxide pigment imports reduced rapidly to X tons in 2022, falling by X% against 2021. In general, imports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, iron oxide pigment imports reduced remarkably to $X in 2022. Total imports indicated temperate growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

South Africa was the main importer of iron oxide pigments in SADC, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Namibia (X tons) held the second position in the ranking, followed by Zimbabwe (X tons) and Tanzania (X tons). All these countries together held near X% share of total imports. The following importers - Zambia (X tons) and Botswana (X tons) - each resulted at a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Tanzania experienced a relatively flat trend pattern. By contrast, Zambia (X%) and Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Zimbabwe (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while Zambia and Namibia saw its share reduced by 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 ($X) constitutes the largest market for imported iron oxide pigments in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, iron oxide pigment imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (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 from 2012 to 2022, 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while Namibia ($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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