South Africa: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in South Africa

The South African compounds of rare-earth metals market rose remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a remarkable 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. Compounds of rare-earth metals consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in South Africa

In value terms, compounds of rare-earth metals production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Compounds of rare-earth metals production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from South Africa

Compounds of rare-earth metals exports from South Africa reached X tons in 2022, approximately reflecting the previous year. In general, total exports indicated a measured 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 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, compounds of rare-earth metals exports expanded rapidly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The United States (X tons) was the main destination for compounds of rare-earth metals exports from South Africa, with a X% share of total exports. Moreover, compounds of rare-earth metals exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), fivefold. The UK (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average compounds of rare-earth metals export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 Malawi (X%), while the prices for the other major destinations experienced a decline.

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into South Africa

In 2022, approx. X tons of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were imported into South Africa; which is down by X% against the previous year's figure. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, compounds of rare-earth metals imports surged to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Estonia (X tons), China (X tons) and the United States (X tons) were the main suppliers of compounds of rare-earth metals imports to South Africa, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to South Africa, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average compounds of rare-earth metals import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price enjoyed a noticeable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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