SADC: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in SADC

In 2022, the SADC petroleum bitumen market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Petroleum Bitumen Production in SADC

In value terms, petroleum bitumen production reduced to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Petroleum Bitumen Exports

Exports in SADC

In 2022, overseas shipments of petroleum bitumen decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, petroleum bitumen exports skyrocketed to $X in 2022. Overall, exports recorded a noticeable descent. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Zambia (X tons), Tanzania (X tons) and Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to petroleum bitumen exports from South Africa stood at X%. At the same time, Zambia (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) illustrated a downward trend over the same period. Zambia (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest petroleum bitumen supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced mixed trends in the export price figures.

Petroleum Bitumen Imports

Imports in SADC

Petroleum bitumen imports soared to X tons in 2022, increasing by X% against the year before. Overall, imports continue to indicate a mild increase. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, petroleum bitumen imports surged to $X in 2022. In general, imports, however, saw a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Tanzania (X tons) and Madagascar (X tons), together achieving a X% share of total imports. The following importers - Angola (X tons), Mauritius (X tons), Democratic Republic of the Congo (X tons), Namibia (X tons), Mozambique (X tons) and Lesotho (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, Madagascar (X%), Lesotho (X%), Democratic Republic of the Congo (X%), Namibia (X%), Mauritius (X%) and Tanzania (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, Mozambique (X%) and Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Madagascar (X p.p.), Democratic Republic of the Congo (X p.p.) and Lesotho (X p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Madagascar (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Angola ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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