SADC: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in SADC

The SADC phosphinates and phosphonates market fell modestly to $X in 2022, with a decrease of -1.7% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -5.0% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Phosphinates And Phosphonates Production in SADC

In value terms, phosphinates and phosphonates production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports in SADC

Phosphinates and phosphonates exports surged to X tons in 2022, rising by 23% compared with 2021 figures. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 341% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, phosphinates and phosphonates exports skyrocketed to $X in 2022. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 465%. Over the period under review, the exports hit record highs in 2022 and are expected to retain 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 phosphinates (hypophosphites) and phosphonates (phosphites) exports, with a CAGR of +6.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +14.6%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price posted strong growth. The pace of growth appeared the most rapid in 2013 an increase of 362%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained 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 +7.7% per year.

Phosphinates And Phosphonates Imports

Imports in SADC

Phosphinates and phosphonates imports shrank sharply to X tons in 2022, waning by -23% on the previous year's figure. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports dropped sharply to $X in 2022. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main importer of phosphinates (hypophosphites) and phosphonates (phosphites), constituting 53% of total imports. It was distantly followed by Zimbabwe (X tons), Tanzania (X tons) and Malawi (X tons), together constituting a 38% share of total imports. The following importers - Mozambique (X tons), Democratic Republic of the Congo (X tons) and Madagascar (X tons) - each finished at a 5.5% share of total imports.

Imports into South Africa decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, Mozambique (+68.1%), Tanzania (+51.9%), Malawi (+28.4%) and Madagascar (+13.3%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +68.1% from 2012-2022. By contrast, Zimbabwe (-1.6%) and Democratic Republic of the Congo (-17.7%) illustrated a downward trend over the same period. While the share of Tanzania (+13 p.p.), Malawi (+7.1 p.p.), Zimbabwe (+2.5 p.p.) and Mozambique (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-6 p.p.) and Democratic Republic of the Congo (-7.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in SADC, comprising 70% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 9.6% share of total imports. It was followed by Zimbabwe, with a 7.3% share.

In South Africa, phosphinates and phosphonates imports shrank by an average annual rate of -4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (+55.8% per year) and Zimbabwe (-3.5% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of 2.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform