South Africa: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in South Africa

In 2022, the South African oxides of boron market was finally on the rise to reach $X after three years of decline. In general, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Oxides Of Boron Production in South Africa

In value terms, oxides of boron production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The growth pace was the most rapid in 2018 when the production volume increased by 50% against the previous year. Oxides of boron production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oxides Of Boron Exports

Exports from South Africa

In 2022, exports of oxides of boron, boric acids and inorganic acids from South Africa dropped notably to X tons, reducing by -70.7% on 2021. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 608% against the previous year. As a result, the exports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, oxides of boron exports fell significantly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 732% against the previous year. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Namibia (X tons) were the main destinations of oxides of boron exports from South Africa, together comprising 79% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +6.8%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Zambia ($X) and Namibia ($X) constituted the largest markets for oxides of boron exported from South Africa worldwide, together comprising 75% of total exports. Democratic Republic of the Congo, Botswana, Malawi and Swaziland lagged somewhat behind, together accounting for a further 17%.

Swaziland, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the average oxides of boron export price amounted to $X per ton, dropping by -11.9% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron export price increased by +18.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 50%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Zimbabwe ($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 (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into South Africa

In 2022, after two years of decline, there was significant growth in purchases abroad of oxides of boron, boric acids and inorganic acids, when their volume increased by 20% to X tons. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, oxides of boron imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of oxides of boron imports to South Africa, together comprising 67% of total imports. The United States, Argentina, Peru, Chile and Taiwan (Chinese) lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to South Africa, comprising 45% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.6% per year) and Turkey (+1.6% per year).

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, surging by 32% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron import price increased by +75.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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