Africa: Borates And Perborates Market 2024

Borates And Perborates Market Size in Africa

In 2022, the African borates and perborates market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Borates And Perborates Production in Africa

In value terms, borates and perborates production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a temperate expansion 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 increased by X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Borates And Perborates Exports

Exports in Africa

In 2022, overseas shipments of borates, peroxoborates (perborates) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates and perborates exports contracted markedly to $X in 2022. Overall, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporting country with an export of about X tons, which accounted for X% of total exports. Togo (X tons) held the second position in the ranking, followed by Niger (X tons), Sierra Leone (X tons) and Morocco (X tons). All these countries together took approx. X% share of total exports. The following exporters - Ghana (X tons) and Egypt (X tons) - each reached an X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Morocco (X%), Togo (X%), Niger (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. Togo (X p.p.), Niger (X p.p.), South Africa (X p.p.), Sierra Leone (X p.p.), Morocco (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest borates and perborates supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Borates And Perborates Imports

Imports in Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of borates, peroxoborates (perborates), when their volume decreased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, borates and perborates imports expanded significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) and Egypt (X tons) were the main importers of borates, peroxoborates (perborates) in Africa, together constituting X% of total imports. Cote d'Ivoire (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (X%), Mali (X%) and Morocco (X%). The following importers - Nigeria (X tons), Senegal (X tons), Burkina Faso (X tons), Algeria (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported borates, peroxoborates (perborates) in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, borates and perborates imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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