SADC: Lysine Market 2024

Lysine Market Size in SADC

The SADC lysine market stood at $X in 2022, with an increase of 5.4% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Lysine Production in SADC

In value terms, lysine production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 24%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Lysine Exports

Exports in SADC

In 2022, shipments abroad of lysine and its esters, and salts thereof increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 158% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, lysine exports expanded notably to $X in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 154% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

South Africa (X tons) represented roughly 100% of total exports in 2022.

South Africa was also the fastest-growing in terms of the lysine and its esters, and salts thereof exports, with a CAGR of +14.5% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +7.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest lysine supplier in SADC.

In South Africa, lysine exports increased at an average annual rate of +12.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, reducing by -3.1% against the previous year. In general, the export price recorded a pronounced decline. The growth pace was the most rapid in 2020 when the export price increased by 49%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -2.2% per year.

Lysine Imports

Imports in SADC

In 2022, supplies from abroad of lysine and its esters, and salts thereof increased by 7.7% to X tons, rising for the fifth year in a row after three years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lysine imports rose significantly to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

South Africa dominates imports structure, recording X tons, which was near 85% of total imports in 2022. The following importers - Zimbabwe (X tons), Zambia (X tons) and Mauritius (X tons) - together made up 9.1% of total imports.

Imports into South Africa increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Zimbabwe (+18.5%), Zambia (+9.8%) and Mauritius (+5.1%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +18.5% from 2012-2022. From 2012 to 2022, the share of Zimbabwe increased by +2.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lysine and its esters, and salts thereof in SADC, comprising 81% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a 6.9% share of total imports. It was followed by Zambia, with a 3.8% share.

In South Africa, lysine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (+15.0% per year) and Zambia (+4.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a noticeable downturn. The pace of growth was the most pronounced in 2021 an increase of 40% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (-2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform