South Africa: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in South Africa

In 2021, after four years of growth, there was significant decline in the South African sodium phosphates market, when its value decreased by -39.8% to $X. Over the period under review, consumption continues to indicate a abrupt decline. Sodium phosphates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sodium Phosphates Production in South Africa

In value terms, sodium phosphates production totaled less than $X in 2021 estimated in export price. Over the period under review, production faced a dramatic setback. The growth pace was the most rapid in 2018 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sodium Phosphates Exports

Exports from South Africa

In 2021, overseas shipments of phosphates of mono- or di-sodium increased by 1,371% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sodium phosphates exports soared to $X in 2021. In general, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons) was the main destination for sodium phosphates exports from South Africa, accounting for a 58% share of total exports. Moreover, sodium phosphates exports to Zimbabwe exceeded the volume sent to the second major destination, Mozambique (X tons), threefold. Botswana (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+5.1% per year) and Botswana (+37.6% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for phosphates of mono- or di-sodium exports from South Africa, comprising 82% of total exports. The second position in the ranking was held by Mozambique ($X), with an 8.1% share of total exports. It was followed by Botswana, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+2.3% per year) and Botswana (+45.3% per year).

Export Prices by Country

The average sodium phosphates export price stood at $X per ton in 2021, waning by -37.7% against the previous year. In general, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Swaziland ($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 (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Phosphates Imports

Imports into South Africa

After three years of growth, overseas purchases of phosphates of mono- or di-sodium decreased by -50.4% to X tons in 2021. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 181%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sodium phosphates imports rose markedly to $X in 2021. Over the period under review, imports faced a deep slump. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of sodium phosphates to South Africa, accounting for a 74% share of total imports. Moreover, sodium phosphates imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.0% per year) and the United States (+33.6% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the largest sodium phosphates suppliers to South Africa, together accounting for 95% of total imports.

Among the main suppliers, China, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sodium phosphates import price stood at $X per ton in 2021, growing by 113% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-15.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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