Africa: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in Africa

The African roasted iron pyrites market fell remarkably to $X in 2021, with a decrease of -55.3% against the previous year. Overall, consumption continues to indicate a deep downturn. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Roasted Iron Pyrites Production in Africa

In value terms, roasted iron pyrites production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild setback. The pace of growth appeared the most rapid in 2015 with an increase of 16%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Roasted Iron Pyrites Exports

Exports in Africa

In 2021, exports of roasted iron pyrites in Africa soared to X tons, rising by 300% against 2020. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, roasted iron pyrites exports soared to $X in 2021. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near 82% of total exports in 2021. It was distantly followed by Mauritius (X tons) and Zambia (X tons), together constituting an 18% share of total exports.

Exports from South Africa increased at an average annual rate of +46.9% from 2012 to 2021. At the same time, Zambia (+203.9%) and Mauritius (+75.6%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +203.9% from 2012-2021. South Africa (+20 p.p.), Mauritius (+9.9 p.p.) and Zambia (+8 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 ($X) remains the largest roasted iron pyrites supplier in Africa, comprising 74% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +36.0%. In the other countries, the average annual rates were as follows: Mauritius (+94.9% per year) and Zambia (+312.4% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, falling by -7.9% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the export price increased by 34% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+35.5%), while the other leaders experienced mixed trends in the export price figures.

Roasted Iron Pyrites Imports

Imports in Africa

Roasted iron pyrites imports soared to X tons in 2021, increasing by 45% against the previous year. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 2,099% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, roasted iron pyrites imports soared to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 3,031%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Mozambique (X tons) was the major importer of roasted iron pyrites, constituting 70% of total imports. Congo (X tons) ranks second in terms of the total imports with a 17% share, followed by Democratic Republic of the Congo (12%).

Imports into Mozambique increased at an average annual rate of +107.7% from 2012 to 2021. At the same time, Congo (+2,574.2%) and Democratic Republic of the Congo (+474.3%) displayed positive paces of growth. Moreover, Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +2,574.2% from 2012-2021. Mozambique (+67 p.p.), Congo (+17 p.p.) and Democratic Republic of the Congo (+12 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported roasted iron pyrites in Africa, comprising 72% of total imports. The second position in the ranking was taken by Congo ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Mozambique totaled +102.5%. In the other countries, the average annual rates were as follows: Congo (+1,453.1% per year) and Democratic Republic of the Congo (+612.7% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, jumping by 17% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 42%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+24.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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