South Africa: Iodine Market 2024

Iodine Market Size in South Africa

In 2022, after four years of decline, there was significant growth in the South African iodine market, when its value increased by X% to $X. Overall, consumption continues to indicate a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Iodine Production in South Africa

In value terms, iodine production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Iodine production peaked in 2022 and is expected to retain growth in the near future.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Iodine Exports

Exports from South Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of iodine, when their volume decreased by X% to X tons. In general, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 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, iodine exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lesotho (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of iodine exports from South Africa, together accounting for X% of total exports. Mozambique, Namibia, Swaziland, Angola and Botswana lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iodine exported from South Africa were Zimbabwe ($X), Lesotho ($X) and Zambia ($X), together comprising X% of total exports. Mozambique, Namibia, Swaziland, Angola and Botswana lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Angola, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average iodine export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Angola ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Imports

Imports into South Africa

In 2022, approx. X tons of iodine were imported into South Africa; waning by X% against 2021 figures. Overall, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, iodine imports shrank to $X in 2022. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons) was the main supplier of iodine to South Africa, accounting for a X% share of total imports. Moreover, iodine imports from Chile exceeded the figures recorded by the second-largest supplier, Brazil (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, Chile ($X) constituted the largest supplier of iodine to South Africa, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

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

Import Prices by Country

The average iodine import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price 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. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :