Sudan: Carbonate Market 2024

Carbonate Market Size in Sudan

The Sudanese carbonate market reduced notably to $X in 2021, which is down by -31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.2% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Carbonate Exports

Exports from Sudan

In 2021, approx. X tons of carbonates and peroxocarbonates were exported from Sudan; picking up by 54% compared with the year before. In general, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 3,968% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, carbonate exports soared to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 2,494% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main destinations of carbonate exports from Sudan, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +26.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for carbonates and peroxocarbonates exports from Sudan, comprising 60% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and the UK (-3.6% per year).

Export Prices by Country

The average carbonate export price stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 220% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the UK ($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 the United Arab Emirates (+10.2%), while the prices for the other major destinations experienced a decline.

Carbonate Imports

Imports into Sudan

Carbonate imports into Sudan declined sharply to X tons in 2021, with a decrease of -27.4% against 2020. In general, imports recorded a mild curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 67%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, carbonate imports shrank remarkably to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 109%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of carbonate imports to Sudan, with a combined 69% share of total imports. These countries were followed by Syrian Arab Republic, Russia, Jordan, Italy, Romania, Sweden, India, Egypt and Bosnia and Herzegovina, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +37.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of carbonates and peroxocarbonates to Sudan, comprising 47% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports. It was followed by Sweden, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.0% per year) and Sweden (+20.8% per year).

Import Prices by Country

In 2021, the average carbonate import price amounted to $X per ton, dropping by -6.9% against the previous year. Overall, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 Sweden ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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