South Africa: Prepared Binders Market 2024

Prepared Binders Market Size in South Africa

The South African prepared binders market expanded to $X in 2021, increasing by 2.9% against the previous year. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Prepared Binders Production in South Africa

In value terms, prepared binders production rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Prepared binders production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Prepared Binders Exports

Exports from South Africa

For the fifth consecutive year, South Africa recorded growth in overseas shipments of prepared binders for foundry moulds or cores, which increased by 77% to X tons in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 219%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, prepared binders exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), the United States (X tons) and Russia (X tons) were the main destinations of prepared binders exports from South Africa, with a combined 52% share of total exports. These countries were followed by Democratic Republic of the Congo, Botswana, Australia, Egypt, Brazil, Namibia, Swaziland, South Korea, Mozambique and Zimbabwe, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +504.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared binders exported from South Africa were Belgium ($X), the United States ($X) and Brazil ($X), with a combined 76% share of total exports.

Among the main countries of destination, Brazil, with a CAGR of +426.4%, 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 prepared binders export price stood at $X per ton in 2021, growing by 61% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 66%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Egypt ($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 Australia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into South Africa

In 2021, approx. X tons of prepared binders for foundry moulds or cores were imported into South Africa; jumping by 91% against the previous year. Overall, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders imports skyrocketed to $X in 2021. In general, imports recorded a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest prepared binders supplier to South Africa, with a 60% share of total imports. Moreover, prepared binders imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.0% per year) and Germany (-10.5% per year).

In value terms, the largest prepared binders suppliers to South Africa were China ($X), India ($X) and Germany ($X), with a combined 93% share of total imports.

In terms of the main suppliers, China, with a CAGR of +46.3%, saw the highest rates of growth with regard to 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

In 2021, the average prepared binders import price amounted to $X per ton, increasing by 41% against the previous year. In general, the import price, however, showed a deep slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Ukraine ($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 (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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