South Africa: Abrasives Market 2024

Abrasives Market Size in South Africa

The South African abrasives market reduced remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a mild setback. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Abrasives Production in South Africa

In value terms, abrasives production reduced slightly to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Abrasives production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Abrasives Exports

Exports from South Africa

In 2022, shipments abroad of abrasives (natural) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, abrasives exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for abrasives exports from South Africa, accounting for a X% share of total exports. It was followed by the Netherlands (X tons), with a X% share of total exports. The third position in this ranking was held by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

In value terms, the United States ($X) remains the key foreign market for abrasives (natural) exports from South Africa, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Sweden (X% per year).

Export Prices by Country

The average abrasives export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to the United States ($X 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 Sweden (X%), while the prices for the other major destinations experienced a decline.

Abrasives Imports

Imports into South Africa

In 2022, the amount of abrasives (natural) imported into South Africa skyrocketed to X tons, rising by X% compared with 2021. In general, imports, however, recorded a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, abrasives imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Zimbabwe (X tons) and the United States (X tons) were the main suppliers of abrasives imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of abrasives (natural) to South Africa, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Turkey (X% per year).

Import Prices by Country

The average abrasives import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, saw a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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