South Africa: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in South Africa

The South African complex fluorine salts market shrank rapidly to $X in 2021, with a decrease of -15.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a slight setback. Complex fluorine salts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Complex Fluorine Salts Exports

Exports from South Africa

In 2021, overseas shipments of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2014 with an increase of 716% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, complex fluorine salts exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 372% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Cameroon (X tons) was the main destination for complex fluorine salts exports from South Africa, with a 53% share of total exports. Moreover, complex fluorine salts exports to Cameroon exceeded the volume sent to the second major destination, Zambia (X tons), threefold. Botswana (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Cameroon amounted to +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+19.0% per year) and Botswana (+10.6% per year).

In value terms, the largest markets for complex fluorine salts exported from South Africa were Cameroon ($X), Zambia ($X) and Malawi ($X), together accounting for 76% of total exports.

Cameroon, with a CAGR of +50.9%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average complex fluorine salts export price amounted to $X per ton, dropping by -36.9% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 182% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Namibia ($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 Zimbabwe (-0.1%), while the prices for the other major destinations experienced a decline.

Complex Fluorine Salts Imports

Imports into South Africa

In 2021, imports of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts into South Africa shrank notably to X tons, waning by -18.5% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 60% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, complex fluorine salts imports shrank to $X in 2021. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of 88%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Tunisia (X tons), Italy (X tons) and China (X tons) were the main suppliers of complex fluorine salts imports to South Africa, together comprising 91% of total imports. These countries were followed by Germany and Brazil, which together accounted for a further 6.2%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Italy ($X) and China ($X) constituted the largest complex fluorine salts suppliers to South Africa, with a combined 92% share of total imports. These countries were followed by Germany and Brazil, which together accounted for a further 4.5%.

Among the main suppliers, Brazil, with a CAGR of +33.4%, 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

In 2021, the average complex fluorine salts import price amounted to $X per ton, rising by 8.6% against the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Tunisia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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