Africa: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2025

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

The African compounds of rare-earth metals market rose modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated a prominent 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

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

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

Exports in Africa

In 2022, the amount of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals exported in Africa stood at X tons, almost unchanged from 2021 figures. Total exports indicated a noticeable expansion 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 pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, compounds of rare-earth metals exports rose notably to $X in 2022. Overall, exports showed 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 export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to compounds of rare-earth metals exports from South Africa stood at X%. At the same time, Kenya (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Kenya (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest compounds of rare-earth metals supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports.

In South Africa, compounds of rare-earth metals exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked 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 origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Kenya totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

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

Imports in Africa

In 2022, overseas purchases of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, compounds of rare-earth metals imports soared to $X in 2022. In general, imports, however, recorded a abrupt decline. 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 remained at a lower figure.

Imports by Country

South Africa represented the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Mauritania (X tons), Rwanda (X tons) and Malawi (X tons), together committing a X% share of total imports. The following importers - Morocco (X tons) and Nigeria (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to compounds of rare-earth metals imports into South Africa stood at X%. At the same time, Rwanda (X%), Malawi (X%), Mauritania (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Rwanda (X p.p.), Malawi (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Morocco saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Nigeria (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. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Mauritania ($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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