South Africa: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in South Africa

The South African market for bromides and bromide oxides, iodides and iodide oxides contracted slightly to $X in 2021, with a decrease of -3.7% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.8% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in South Africa

In value terms, bromides, iodides and oxids thereof production contracted slightly to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 52%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from South Africa

In 2021, bromides, iodides and oxids thereof exports from South Africa shrank slightly to X tons, with a decrease of -3.2% against the previous year's figure. Overall, exports showed a perceptible reduction. The growth pace was the most rapid in 2015 with an increase of 69% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports declined markedly to $X in 2021. Over the period under review, exports continue to indicate a noticeable descent. The growth pace was the most rapid in 2015 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then fell notably in the following year.

Exports by Country

Zambia (X tons), Democratic Republic of the Congo (X tons) and Swaziland (X tons) were the main destinations of bromides, iodides and oxids thereof exports from South Africa, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from South Africa, comprising 54% of total exports. The second position in the ranking was taken by Zambia ($X), with a 19% share of total exports. It was followed by Namibia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+51.4% per year) and Namibia (-10.8% per year).

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, falling by -36.4% against the previous year. Overall, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then contracted rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into South Africa

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides imported into South Africa shrank to X tons, with a decrease of -13.4% compared with the year before. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 86% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports dropped to $X in 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 78%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest bromides, iodides and oxids thereof supplier to South Africa, accounting for a 62% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Brazil exceeded the figures recorded by the second-largest supplier, Israel (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-2.3% per year) and Belgium (-10.8% per year).

In value terms, Brazil ($X), India ($X) and Israel ($X) appeared to be the largest bromides, iodides and oxids thereof suppliers to South Africa, together comprising 58% of total imports.

India, with a CAGR of +17.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, picking up by 8.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 47%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :