Report Update Nov 1, 2024

South Africa - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Mineral Wool Market 2024

Mineral Wool Market Size in South Africa

In 2021, after three years of decline, there was significant growth in the South African mineral wool market, when its value increased by 70% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Mineral wool consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Mineral Wool Exports

Exports from South Africa

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were exported from South Africa; surging by 41% on 2020 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral wool exports surged to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons), Botswana (X tons) and Germany (X tons) were the main destinations of mineral wool exports from South Africa, together comprising 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +36.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Brazil ($X) and Botswana ($X) were the largest markets for mineral wool exported from South Africa worldwide, with a combined 65% share of total exports. These countries were followed by Zambia, Namibia, Swaziland, Mozambique, Malawi, the UK, China, Lesotho and the United States, which together accounted for a further 25%.

Namibia, with a CAGR of +26.5%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average mineral wool export price amounted to $X per ton, growing by 24% against the previous year. In general, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of 48%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Zambia ($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 Lesotho (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into South Africa

In 2021, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a slight descent. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, mineral wool imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the UK (X tons) were the main suppliers of mineral wool imports to South Africa, together accounting for 69% of total imports. The Netherlands, Saudi Arabia, Spain and Poland lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of slag wool, rock wool and similar mineral wools and mixtures to South Africa, comprising 38% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.9% per year) and Germany (-5.4% per year).

Import Prices by Country

In 2021, the average mineral wool import price amounted to $X per ton, surging by 40% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level 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, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool consumption in 2020 were China, the United States and India, with a combined 55% share of global consumption.

What are the largest producers of slag wool, rock wool and similar mineral wools and mixtures in the world?

The countries with the highest volumes of mineral wool production in 2020 were China, the United States and India, with a combined 55% share of global production. These countries were followed by Japan, Russia, Mexico, South Korea, Germany, Spain and Thailand, which together accounted for a further 24%.

What are the leading suppliers of slag wool, rock wool and similar mineral wools and mixtures to South Africa?

In value terms, the UK, Japan and Poland constituted the largest mineral wool suppliers to South Africa, together accounting for 73% of total imports.

What are the leading importers of slag wool, rock wool and similar mineral wools and mixtures from South Africa?

In value terms, Brazil, Zambia and the United States constituted the largest markets for mineral wool exported from South Africa worldwide, with a combined 57% share of total exports.

What is the average export price for slag wool, rock wool and similar mineral wools and mixtures in South Africa?

The average mineral wool export price stood at $2,694 per ton in 2020, with an increase of 24% against the previous year.

What is the average import price for slag wool, rock wool and similar mineral wools and mixtures in South Africa?

The average mineral wool import price stood at $3,501 per ton in 2020, falling by -2.3% against the previous year.

This report provides an in-depth analysis of the mineral wool market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023