South Africa: Peroxides Of Sodium Market 2024

Peroxides Of Sodium Market Size in South Africa

After two years of growth, the South African peroxides of sodium market decreased by -24.6% to $X in 2021. Over the period under review, consumption, however, recorded slight growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted dramatically in the following year.

Peroxides Of Sodium Production in South Africa

In value terms, peroxides of sodium production reached $X in 2021 estimated in export price. In general, production showed a slight downturn. The growth pace was the most rapid in 2019 when the production volume increased by 28% against the previous year. Peroxides of sodium production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Peroxides Of Sodium Exports

Exports from South Africa

In 2021, shipments abroad of peroxides of sodium or potassium was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a slight decrease. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, peroxides of sodium exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Democratic Republic of the Congo (X tons) and Zambia (X tons) were the main destinations of peroxides of sodium exports from South Africa, with a combined 68% share of total exports. Namibia, Malawi, Zimbabwe, Swaziland and Mozambique lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +36.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for peroxides of sodium exported from South Africa were Democratic Republic of the Congo ($X), Zimbabwe ($X) and Botswana ($X), with a combined 72% share of total exports. Zambia, Namibia, Malawi, Swaziland and Mozambique lagged somewhat behind, together comprising a further 23%.

Malawi, with a CAGR of +29.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average peroxides of sodium export price amounted to $X per ton, declining by -23.8% against the previous year. In general, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2018 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Botswana ($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 Eritrea (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Peroxides Of Sodium Imports

Imports into South Africa

In 2021, supplies from abroad of peroxides of sodium or potassium decreased by -2.5% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 248% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, peroxides of sodium imports skyrocketed to $X in 2021. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 238%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest peroxides of sodium supplier to South Africa, with a 58% share of total imports. Moreover, peroxides of sodium imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +103.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+28.0% per year) and Germany (-4.4% per year).

In value terms, China ($X) constituted the largest supplier of peroxides of sodium or potassium to South Africa, comprising 65% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +183.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+35.8% per year) and Germany (-7.9% per year).

Import Prices by Country

In 2021, the average peroxides of sodium import price amounted to $X per ton, rising by 77% against the previous year. Overall, the import price enjoyed modest growth. The pace of growth was the most pronounced in 2016 an increase of 97%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Germany ($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 (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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