South Africa: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in South Africa

The South African phosphinates and phosphonates market contracted to $X in 2022, which is down by -7.9% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Phosphinates And Phosphonates Production in South Africa

In value terms, phosphinates and phosphonates production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 26%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from South Africa

In 2022, the amount of phosphinates (hypophosphites) and phosphonates (phosphites) exported from South Africa surged to X tons, picking up by 23% against the previous year. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 347% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, phosphinates and phosphonates exports surged to $X in 2022. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 351%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Zambia (X tons), Ghana (X tons) and Zimbabwe (X tons) were the main destinations of phosphinates and phosphonates exports from South Africa, together comprising 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +93.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Zambia ($X) and Zimbabwe ($X) were the largest markets for phosphinates and phosphonates exported from South Africa worldwide, with a combined 88% share of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of +103.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average phosphinates and phosphonates export price stood at $X per ton in 2022, picking up by 21% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth was the most pronounced in 2013 an increase of 383%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Namibia ($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 Qatar (+68.5%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphinates And Phosphonates Imports

Imports into South Africa

In 2022, imports of phosphinates (hypophosphites) and phosphonates (phosphites) into South Africa reduced notably to X tons, waning by -49.9% compared with 2021 figures. Overall, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 131% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports fell sharply to $X in 2022. Over the period under review, imports saw a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 245%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of phosphinates and phosphonates to South Africa, accounting for a 95% share of total imports. It was followed by the United States (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by the UK (X kg), with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and the UK (-20.7% per year).

In value terms, China ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to South Africa, comprising 94% of total imports. The second position in the ranking was held by India ($X), with a 1.7% share of total imports. It was followed by the United States, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-26.5% per year) and the United States (-1.4% per year).

Import Prices by Country

The average phosphinates and phosphonates import price stood at $X per ton in 2022, growing by 32% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 49%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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