South Africa: Rare Gases Market 2024

Rare Gases Market Size in South Africa

The South African rare gases market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Rare Gases Production in South Africa

In value terms, rare gases production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Rare Gases Exports

Exports from South Africa

In 2022, overseas shipments of rare gases (excluding argon) decreased by X% to X cubic meters, falling for the second consecutive year after four years of growth. In general, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rare gases exports reduced remarkably to $X in 2022. Over the period under review, exports faced a significant decrease. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X cubic meters), Botswana (X cubic meters) and Mozambique (X cubic meters) were the main destinations of rare gases exports from South Africa, together accounting for X% of total exports.

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

In value terms, the largest markets for rare gases exported from South Africa were Namibia ($X), Botswana ($X) and Mozambique ($X), together accounting for X% of total exports.

Mozambique, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, dropping by X% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2021, and then reduced modestly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($X per cubic meter) and Swaziland ($X per cubic meter), while the average price for exports to Zimbabwe ($X per cubic meter) and France ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rare Gases Imports

Imports into South Africa

In 2022, supplies from abroad of rare gases (excluding argon) was finally on the rise to reach X cubic meters after two years of decline. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports expanded remarkably to $X in 2022. In general, total imports indicated a temperate 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X cubic meters), Qatar (X cubic meters) and the United States (X cubic meters) were the main suppliers of rare gases imports to South Africa, together accounting for X% of total imports. Algeria, Germany and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, Qatar ($X), the United States ($X) and the United Arab Emirates ($X) constituted the largest rare gases suppliers to South Africa, together accounting for X% of total imports. Algeria, Germany and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rare gases import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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