Report Update Nov 1, 2024

South Africa - Nitrites - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Nitrites Market 2024

Nitrites Market Size in South Africa

The South African nitrites market surged to $X in 2021, picking up by 46% 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, however, continues to indicate a noticeable slump. Nitrites consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Nitrites Exports

Exports from South Africa

In 2021, approx. X tons of nitrites were exported from South Africa; with a decrease of -18.5% compared with the year before. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 241%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, nitrites exports contracted to $X in 2021. In general, exports, however, recorded a mild increase. The pace of growth was the most pronounced in 2016 with an increase of 83% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Zambia (X tons), Namibia (X tons) and Mali (X tons) were the main destinations of nitrites exports from South Africa, with a combined 76% share 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 Mali (with a CAGR of +49.3%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X) remains the key foreign market for nitrites exports from South Africa, comprising 45% of total exports. The second position in the ranking was held by Mali ($X), with a 20% share of total exports. It was followed by Democratic Republic of the Congo, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (+48.9% per year) and Democratic Republic of the Congo (-1.7% per year).

Export Prices by Country

The average nitrites export price stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 105%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Namibia ($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 Botswana (+22.7%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrites Imports

Imports into South Africa

Nitrites imports into South Africa soared to X tons in 2021, growing by 21% compared with the previous year's figure. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 345%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, nitrites imports skyrocketed to $X in 2021. In general, imports, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 381%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of nitrites to South Africa, accounting for a 80% share of total imports. Moreover, nitrites imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.3% per year) and India (+129.1% per year).

In value terms, Germany ($X) constituted the largest supplier of nitrites to South Africa, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and India (+93.3% per year).

Import Prices by Country

The average nitrites import price stood at $X per ton in 2021, which is down by -3.7% against the previous year. Over the period under review, the import price, however, showed temperate growth. The pace of growth was the most pronounced in 2018 an increase of 212%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then fell in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrites in the world?

The countries with the highest volumes of nitrites consumption in 2021 were Zambia, Canada and South Korea, with a combined 30% share of global consumption. Japan, Nigeria, the Netherlands, Taiwan Chinese), Chile, Brazil, France, China, Thailand and Ukraine lagged somewhat behind, together comprising a further 40%.

What are the largest producers of nitrites in the world?

China constituted the country with the largest volume of nitrites production, accounting for 62% of total volume. Moreover, nitrites production in China exceeded the figures recorded by the second-largest producer, Germany, threefold. Russia ranked third in terms of total production with a 6.3% share.

What are the leading suppliers of nitrites to South Africa?

In value terms, Germany constituted the largest supplier of nitrites to South Africa, comprising 72% of total imports. The second position in the ranking was occupied by China, with a 14% share of total imports.

What are the leading importers of nitrites from South Africa?

In value terms, the largest markets for nitrites exported from South Africa were Zambia, Mali and Ghana, with a combined 66% share of total exports.

What is the average export price for nitrites in South Africa?

The average nitrites export price stood at $1,068 per ton in 2021, rising by 1.6% against the previous year.

What is the average import price for nitrites in South Africa?

The average nitrites import price stood at $347 per ton in 2021, falling by -66.6% against the previous year.

This report provides an in-depth analysis of the nitrites market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20152080 - Nitrites

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023