South Africa: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in South Africa

The South African barium or aluminium sulphates market contracted modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in South Africa

In value terms, barium or aluminium sulphates production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from South Africa

In 2022, shipments abroad of sulphates of barium or aluminium was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when exports increased by 70%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons) was the main destination for barium or aluminium sulphates exports from South Africa, with a 44% share of total exports. Moreover, barium or aluminium sulphates exports to Mozambique exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. Zambia (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-14.6% per year) and Zambia (-5.8% per year).

In value terms, Mozambique ($X), Zambia ($X) and Zimbabwe ($X) constituted the largest markets for barium or aluminium sulphates exported from South Africa worldwide, with a combined 75% share of total exports. Democratic Republic of the Congo, Swaziland, Malawi and Namibia lagged somewhat behind, together comprising a further 14%.

Democratic Republic of the Congo, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average barium or aluminium sulphates export price amounted to $X per ton, falling by -2.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 46%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into South Africa

In 2022, the amount of sulphates of barium or aluminium imported into South Africa skyrocketed to X tons, with an increase of 31% on 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest barium or aluminium sulphates supplier to South Africa, with a 83% share of total imports. Moreover, barium or aluminium sulphates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +95.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.5% per year) and Sweden (-13.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of sulphates of barium or aluminium to South Africa, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +101.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.0% per year) and Sweden (-13.7% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, surging by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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