South Africa: Lysine Market 2024

Lysine Market Size in South Africa

In 2022, the South African lysine market increased by 1.9% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Lysine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lysine Production in South Africa

In value terms, lysine production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of 11% against the previous year. Lysine production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lysine Exports

Exports from South Africa

In 2022, shipments abroad of lysine and its esters, and salts thereof increased by 20% to X tons, rising for the second consecutive year after two years of decline. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 160%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lysine exports skyrocketed to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 151%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Mozambique (X tons) were the main destinations of lysine exports from South Africa, together accounting for 83% of total exports. Malawi, Swaziland, Namibia and Nigeria lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +34.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lysine exported from South Africa were Zimbabwe ($X), Zambia ($X) and Mozambique ($X), together accounting for 83% of total exports. Malawi, Swaziland, Nigeria and Namibia lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Swaziland, with a CAGR of +35.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lysine export price stood at $X per ton in 2022, with a decrease of -3% against the previous year. In general, the export price saw a pronounced contraction. The pace of growth was the most pronounced in 2020 an increase of 49%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Mozambique ($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 Swaziland (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into South Africa

In 2022, overseas purchases of lysine and its esters, and salts thereof increased by 9.5% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +70.7% against 2018 indices. The pace of growth was the most pronounced in 2019 when imports increased by 18%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, lysine imports totaled $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of lysine to South Africa, accounting for a 100% share of total imports. It was followed by the United States (X tons), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.4%.

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to South Africa, comprising 100% of total imports. The second position in the ranking was held by the United States ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.6%.

Import Prices by Country

In 2022, the average lysine import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2021 an increase of 38%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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