South Africa: Feldspar Market 2024

Feldspar Market Size in South Africa

In 2021, the South African feldspar market decreased by -48.7% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption recorded a deep contraction. Feldspar consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Feldspar Production in South Africa

In value terms, feldspar production fell to $X in 2021 estimated in export price. Overall, production showed a noticeable slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 61%. Feldspar production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Feldspar Exports

Exports from South Africa

In 2021, overseas shipments of feldspar increased by 15% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,649%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, feldspar exports shrank modestly to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 4,358% against the previous year. The exports peaked at $X in 2020, and then declined slightly in the following year.

Exports by Country

India (X tons) was the main destination for feldspar exports from South Africa, accounting for a 94% share of total exports. Moreover, feldspar exports to India exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and Spain (+171.3% per year).

In value terms, India ($X) remains the key foreign market for feldspar exports from South Africa, comprising 94% of total exports. The second position in the ranking was held by Pakistan ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and Spain (+242.8% per year).

Export Prices by Country

The average feldspar export price stood at $X per ton in 2021, which is down by -13.6% against the previous year. Overall, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Spain ($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 Spain (+26.2%), while the prices for the other major destinations experienced mixed trend patterns.

Feldspar Imports

Imports into South Africa

In 2021, supplies from abroad of feldspar decreased by -35.6% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 93%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, feldspar imports dropped remarkably to $X in 2021. Overall, imports saw a slight contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 88%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Zambia (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of feldspar imports to South Africa, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +54.6%), while imports for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of feldspar to South Africa, comprising 52% of total imports. The second position in the ranking was taken by Zambia ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (-24.5% per year) and Spain (-18.2% per year).

Import Prices by Country

The average feldspar import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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