SADC: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in SADC

In 2021, after three years of decline, there was significant growth in the SADC double or complex silicates market, when its value increased by 81% to $X. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Double Or Complex Silicates in SADC

In value terms, double or complex silicates production fell to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of 171% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Double Or Complex Silicates

Exports in SADC

In 2021, exports of double or complex silicates in SADC surged to X tons, with an increase of 137% against the year before. In general, exports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 316% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, double or complex silicates exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 709% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was approx. 87% of total exports in 2021. Zambia (X tons) took a 7.2% share (based on physical terms) of total exports, which put it in second place, followed by Zimbabwe (5.8%).

From 2012 to 2021, average annual rates of growth with regard to double or complex silicates exports from South Africa stood at +34.1%. At the same time, Zimbabwe (+41.9%) and Zambia (+11.7%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of +41.9% from 2012-2021. South Africa (+23 p.p.) and Zimbabwe (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Zambia saw its share reduced by -20.3% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest double or complex silicates supplier in SADC, comprising 99% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 1% share of total exports.

In South Africa, double or complex silicates exports expanded at an average annual rate of +22.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (+33.9% per year) and Zambia (+3.6% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, growing by 4.5% against the previous year. In general, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2015 an increase of 794%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (-5.6%), while the other leaders experienced a decline in the export price figures.

Imports of Double Or Complex Silicates

Imports in SADC

In 2021, overseas purchases of double or complex silicates were finally on the rise to reach X tons after two years of decline. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, double or complex silicates imports soared to $X in 2021. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was near 93% of total imports in 2021. It was distantly followed by Zambia (X tons), constituting a 4.6% share of total imports.

South Africa was also the fastest-growing in terms of the double or complex silicates imports, with a CAGR of +32.0% from 2012 to 2021. At the same time, Zambia (+14.8%) displayed positive paces of growth. From 2012 to 2021, the share of South Africa increased by +45 percentage points.

In value terms, South Africa ($X) constitutes the largest market for imported double or complex silicates in SADC, comprising 94% of total imports. The second position in the ranking was held by Zambia ($X), with a 3.9% share of total imports.

In South Africa, double or complex silicates imports expanded at an average annual rate of +16.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, which is down by -54.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 70%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 South Africa ($X per ton), while Zambia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (-10.2%).

Source: IndexBox Platform