South Africa: Propellant Powders Market 2024

Propellant Powders Market Size in South Africa

In 2021, the South African propellant powders market increased by 1.2% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a noticeable slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Propellant Powders Production in South Africa

In value terms, propellant powders production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of 32% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Propellant Powders Exports

Exports from South Africa

In 2021, propellant powders exports from South Africa shrank notably to X tons, waning by -53.2% compared with the previous year. In general, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2013 when exports increased by 146%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, propellant powders exports declined sharply to $X in 2021. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 172%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for propellant powders exports from South Africa, accounting for a 66% share of total exports. Moreover, propellant powders exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X tons), threefold. Swaziland (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Zimbabwe totaled -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+3.8% per year) and Swaziland (-10.1% per year).

In value terms, Namibia ($X) emerged as the key foreign market for propellant powders exports from South Africa, comprising 81% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 17% share of total exports. It was followed by Lesotho, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia stood at +26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-6.1% per year) and Lesotho (-47.8% per year).

Export Prices by Country

In 2021, the average propellant powders export price amounted to $X per ton, jumping by 51% against the previous year. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 164% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Swaziland ($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 Belgium (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Propellant Powders Imports

Imports into South Africa

In 2021, supplies from abroad of propellant powders was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 99% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, propellant powders imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 192% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Finland (X tons), the United States (X tons) and Switzerland (X tons) were the main suppliers of propellant powders imports to South Africa, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +101.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propellant powders suppliers to South Africa were Finland ($X), the United States ($X) and Switzerland ($X), with a combined 79% share of total imports.

The United States, with a CAGR of +113.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average propellant powders import price stood at $X per ton in 2021, increasing by 2.3% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 188% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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