South Africa: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in South Africa

The South African market for manganites, manganates and permanganates, molybdates and tungstates soared to $X in 2021, with an increase of 112% 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). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from South Africa

In 2021, the amount of manganites, manganates and permanganates, molybdates and tungstates exported from South Africa declined markedly to X tons, falling by -50% on 2020 figures. In general, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 31%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports declined significantly to $X in 2021. Overall, exports showed a slight curtailment. The pace of growth was the most pronounced in 2020 with an increase of 60%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from South Africa, with a 41% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to Mozambique exceeded the volume sent to the second major destination, Lesotho (X tons), threefold. Swaziland (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique stood at +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (+12.2% per year) and Swaziland (-2.6% per year).

In value terms, the largest markets for manganites, manganates, molybdates and tungstates exported from South Africa were Mozambique ($X), Swaziland ($X) and Lesotho ($X), together accounting for 66% of total exports.

Mozambique, with a CAGR of +26.9%, recorded the highest growth rate of 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 export price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, waning by -14.1% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manganites, manganates, molybdates and tungstates export price increased by +50.3% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 44%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Mozambique ($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 Namibia (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into South Africa

In 2021, purchases abroad of manganites, manganates and permanganates, molybdates and tungstates was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. Over the period under review, imports, however, recorded a perceptible curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Brazil (X tons) were the main suppliers of manganites, manganates, molybdates and tungstates imports to South Africa, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +168.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), China ($X) and Brazil ($X) appeared to be the largest manganites, manganates, molybdates and tungstates suppliers to South Africa, together accounting for 97% of total imports.

Brazil, with a CAGR of +178.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, growing by 52% against the previous year. In general, the import price, however, recorded a deep contraction. 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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