South Africa: Market for Chromium, Manganese, Lead and Copper Oxides and Hydroxides 2024

Market Size for Chromium, Manganese, Lead and Copper Oxides and Hydroxides in South Africa

In 2022, after three years of decline, there was significant growth in the South African market for chromium, manganese, lead and copper oxides and hydroxides, when its value increased by X% to $X. In general, consumption, however, showed a noticeable reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Chromium, Manganese, Lead and Copper Oxides and Hydroxides in South Africa

In value terms, production of chromium, manganese, lead and copper oxides and hydroxides contracted modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Exports from South Africa

In 2022, overseas shipments of chromium, manganese, lead and copper oxides and hydroxides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, exports of chromium, manganese, lead and copper oxides and hydroxides surged to $X in 2022. Overall, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), India (X tons) and the United States (X tons) were the main destinations of exports of chromium, manganese, lead and copper oxides and hydroxides from South Africa, with a combined X% share of total exports. Colombia, Spain, Turkey, the Netherlands, Brazil, the UK, China, Belgium and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and India ($X) constituted the largest markets for chromium, manganese, lead and copper oxide and hydroxide exported from South Africa worldwide, with a combined X% share of total exports. China, Turkey, Colombia, Belgium, Spain, Brazil, the Netherlands, the UK and France lagged somewhat behind, together accounting for a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chromium, Manganese, Lead and Copper Oxides and Hydroxides

Imports into South Africa

For the sixth consecutive year, South Africa recorded growth in overseas purchases of chromium, manganese, lead and copper oxides and hydroxides, which increased by X% to X tons in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of chromium, manganese, lead and copper oxides and hydroxides stood at $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of chromium, manganese, lead and copper oxide and hydroxide to South Africa, accounting for a X% share of total imports. Moreover, imports of chromium, manganese, lead and copper oxides and hydroxides from South Korea exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), fourfold. Australia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Australia (X% per year).

In value terms, Australia ($X) constituted the largest supplier of chromium, manganese, lead and copper oxides and hydroxides to South Africa, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Estonia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Estonia (X% per year).

Import Prices by Country

The average import price for chromium, manganese, lead and copper oxides and hydroxides stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Australia ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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