South Africa: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in South Africa

In 2021, after three years of decline, there was significant growth in the South African organo-inorganic compounds market, when its value increased by 39% to $X. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Organo-Inorganic Compounds Exports

Exports from South Africa

After three years of decline, shipments abroad of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 58% to X tons in 2021. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of 63% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, organo-inorganic compounds exports surged to $X in 2021. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for organo-inorganic compounds exports from South Africa, with a 42% share of total exports. Moreover, organo-inorganic compounds exports to Tanzania exceeded the volume sent to the second major destination, Lesotho (X tons), fourfold. Zimbabwe (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania amounted to +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (+29.1% per year) and Zimbabwe (-3.2% per year).

In value terms, India ($X) emerged as the key foreign market for organo-inorganic compounds (excluding organo-sulphur compounds) exports from South Africa, comprising 21% of total exports. The second position in the ranking was held by Lesotho ($X), with a 9.5% share of total exports. It was followed by Tanzania, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +131.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (+27.3% per year) and Tanzania (-7.7% per year).

Export Prices by Country

In 2021, the average organo-inorganic compounds export price amounted to $X per ton, increasing by 41% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, organo-inorganic compounds export price decreased by -12.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 83%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the 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 India ($X per ton), while the average price for exports to Tanzania ($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 Angola (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into South Africa

In 2021, overseas purchases of organo-inorganic compounds (excluding organo-sulphur compounds) increased by 19% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.6% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, organo-inorganic compounds imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.7% 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.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of organo-inorganic compounds to South Africa, accounting for a 73% share of total imports. Moreover, organo-inorganic compounds imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+23.4% per year) and Germany (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of organo-inorganic compounds (excluding organo-sulphur compounds) to South Africa, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Belgium, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.7% per year) and Belgium (+18.3% per year).

Import Prices by Country

The average organo-inorganic compounds import price stood at $X per ton in 2021, picking up by 26% against the previous year. In general, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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