Report Update Nov 1, 2024

South Africa - Carbides - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Carbides Market 2024

Carbides Market Size in South Africa

The South African carbides market reduced to $X in 2022, with a decrease of -7.8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Carbides consumption peaked at $X in 2021, and then contracted in the following year.

Carbides Production in South Africa

In value terms, carbides production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Carbides Exports

Exports from South Africa

Carbides exports from South Africa shrank markedly to X tons in 2022, falling by -16.6% on 2021. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbides exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 118%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the United States (X tons) and the UK (X tons) were the main destinations of carbides exports from South Africa, with a combined 72% share of total exports. Germany, Turkey, Brazil, Australia, India, the United Arab Emirates, Egypt and Kenya lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for carbides exports from South Africa, comprising 61% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total exports. It was followed by Australia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.5% per year) and Australia (-0.5% per year).

Export Prices by Country

The average carbides export price stood at $X per ton in 2022, jumping by 63% against the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 112% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Carbides Imports

Imports into South Africa

In 2022, approx. X tons of carbides were imported into South Africa; with a decrease of -37.2% against 2021 figures. Over the period under review, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2019 with an increase of 434%. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, carbides imports surged to $X in 2022. Overall, imports, however, recorded a notable expansion. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), Brazil (X tons) and China (X tons) were the main suppliers of carbides imports to South Africa, together comprising 95% of total imports. Slovakia lagged somewhat behind, comprising a further 4%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +111.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbides suppliers to South Africa were Slovakia ($X), Spain ($X) and China ($X), with a combined 80% share of total imports.

Slovakia, with a CAGR of +136.5%, 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

The average carbides import price stood at $X per ton in 2022, with an increase of 139% against the previous year. Overall, the import price, however, showed a slight decline. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbides in the world?

The country with the largest volume of carbides consumption was China, accounting for 32% of total volume. Moreover, carbides consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of carbides in the world?

China constituted the country with the largest volume of carbides production, comprising approx. 39% of total volume. Moreover, carbides production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Russia, with a 6.2% share.

What are the leading suppliers of carbides to South Africa?

In value terms, Israel, China and Slovakia constituted the largest carbides suppliers to South Africa, with a combined 72% share of total imports.

What are the leading importers of carbides from South Africa?

In value terms, the United States remains the key foreign market for carbides exports from South Africa, comprising 53% of total exports. The second position in the ranking was occupied by the Netherlands, with an 18% share of total exports. It was followed by India, with a 5.1% share.

What is the average export price for carbides in South Africa?

The average carbides export price stood at $4,544 per ton in 2021, with a decrease of -9.1% against the previous year.

What is the average import price for carbides in South Africa?

In 2021, the average carbides import price amounted to $4,017 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the carbides market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20136450 - Carbides whether or not chemically defined

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023