Africa: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Africa

In 2022, after two years of growth, there was significant decline in the African magnesium hydroxide and peroxide market, when its value decreased by -16.3% to $X. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Africa

In value terms, magnesium hydroxide and peroxide production totaled $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports in Africa

In 2022, the amount of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exported in Africa expanded rapidly to X tons, surging by 5.3% compared with 2021. In general, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 83%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 1,121%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Zimbabwe was the largest exporting country with an export of about X tons, which recorded 65% of total exports. It was distantly followed by South Africa (X tons), creating a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Africa (with a CAGR of +13.4%).

In value terms, South Africa ($X) remains the largest magnesium hydroxide and peroxide supplier in Africa, comprising 89% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 10% share of total exports.

In South Africa, magnesium hydroxide and peroxide exports increased at an average annual rate of +34.4% 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 30% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 831%. As a result, the export price reached the peak level of $X per ton. From 2021 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 Zimbabwe stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+18.6%).

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports in Africa

After two years of growth, overseas purchases of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium decreased by -24.5% to X tons in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 96%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, magnesium hydroxide and peroxide imports fell sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Imports by Country

The purchases of the three major importers of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, namely South Africa, Algeria and Egypt, represented more than two-thirds of total import. Liberia (X tons) took the next position in the ranking, followed by Ghana (X tons) and Morocco (X tons). All these countries together took near 16% share of total imports. Tunisia (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Liberia (with a CAGR of +112.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Algeria ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 65% of total imports. Morocco, Liberia, Ghana and Tunisia lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, Liberia, with a CAGR of +102.4%, saw 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

The import price in Africa stood at $X per ton in 2022, with an increase of 5.6% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium hydroxide and peroxide import price decreased by -15.6% against 2015 indices. The pace of growth appeared the most rapid in 2015 an increase of 103%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Tunisia ($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 (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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