South Africa: Bismuth Market 2022

Bismuth Market Size in South Africa

The South African bismuth market reduced to $X in 2021, which is down by -7.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Bismuth Exports

Exports from South Africa

In 2021, approx. X kg of bismuth were exported from South Africa; flattening at the year before. In general, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2017 with an increase of 200% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bismuth exports amounted to $X in 2021. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X kg) was the main destination for bismuth exports from South Africa, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Namibia was relatively modest.

In value terms, Namibia ($X) also remains the key foreign market for bismuth exports from South Africa.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia amounted to +37.4%.

Export Prices by Country

In 2021, the average bismuth export price amounted to $X per kg, declining by -44.2% against the previous year. Overall, the export price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2015 an increase of 5,781%. Over the period under review, the average export prices attained the maximum at $X per kg in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Namibia ($X per kg), while the average price for exports to the Netherlands stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+69,458.6%), while the prices for the other major destinations experienced a decline.

Bismuth Imports

Imports into South Africa

In 2021, the amount of bismuth imported into South Africa shrank dramatically to X kg, declining by -25.5% against 2020 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 150%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, bismuth imports contracted modestly to $X in 2021. Overall, imports recorded a perceptible descent. The growth pace was the most rapid in 2018 when imports increased by 119%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X kg), France (X kg) and Germany (X kg) were the main suppliers of bismuth imports to South Africa, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) were the largest bismuth suppliers to South Africa, together comprising 87% of total imports.

Germany, with a CAGR of +22.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bismuth import price amounted to $X per ton, rising by 32% against the previous year. Overall, the import price, however, showed a perceptible decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+196.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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