South Africa: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in South Africa

The South African ferro-cerium and pyrophoric alloys market shrank to $X in 2021, waning by -7.4% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in South Africa

In value terms, ferro-cerium and pyrophoric alloys production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from South Africa

In 2021, ferro-cerium and pyrophoric alloys exports from South Africa declined rapidly to X tons, waning by -17.2% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 63%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), Namibia (X tons) and Botswana (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from South Africa, together comprising 48% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Botswana (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the key foreign market for ferro-cerium and pyrophoric alloys exports from South Africa, comprising 69% of total exports. The second position in the ranking was taken by Namibia ($X), with a 7.9% share of total exports. It was followed by Botswana, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+18.2% per year) and Botswana (+22.0% per year).

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, jumping by 178% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Angola ($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 India (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into South Africa

Ferro-cerium and pyrophoric alloys imports into South Africa soared to X tons in 2021, increasing by 88% on the year before. Over the period under review, imports, however, faced a deep contraction. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports fell notably to $X in 2021. In general, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by 67%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and Turkey (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to South Africa, with a combined 72% share of total imports. These countries were followed by the United States, the UK, China, the Netherlands and Austria, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +75.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and South Korea ($X) were the largest ferro-cerium and pyrophoric alloys suppliers to South Africa, together accounting for 63% of total imports. These countries were followed by Germany, Turkey, China, the Netherlands and Austria, which together accounted for a further 35%.

In terms of the main suppliers, the Netherlands, with a CAGR of +81.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, waning by -56.9% against the previous year. In general, the import price, however, continues to indicate a tangible expansion. The growth pace was the most rapid in 2020 an increase of 88%. As a result, import price attained the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+42.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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