Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (CIF) - 2022
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (FOB) - 2023
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (CIF) - 2022
In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $265 per ton, waning by -37.4% against the previous year. Overall, the import price recorded a mild decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 162% against the previous year. As a result, import price attained the peak level of $767 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($1,293 per ton), while the price for Egypt ($232 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (FOB) - 2023
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $472 per ton in July 2023, reducing by -42.2% against the previous month. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 30% m-o-m. Over the period under review, the average export prices attained the peak figure at $817 per ton in June 2023, and then declined notably in the following month.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Democratic Republic of the Congo ($1,047 per ton), while the average price for exports to Zambia ($354 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa
In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into South Africa skyrocketed to 17K tons, surging by 259% on the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s soared to $4.4M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 280 | 285 | 617 | 3,703 | 136.5% |
| Netherlands | 273 | 190 | 243 | 322 | 5.7% |
| China | 148 | 40.0 | 721 | 91.3 | -14.9% |
| India | 549 | 248 | 183 | 3.3 | -81.8% |
| Others | 222 | 201 | 201 | 300 | 10.6% |
| Total | 1,473 | 964 | 1,966 | 4,420 | 44.2% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to South Africa in 2022:
- Egypt (15.9K tons)
- Netherlands (0.2K tons)
- China (0.1K tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa
In 2022, overseas shipments of silicates; of sodium (excluding sodium metasilicates)s decreased by -18.6% to 4.6K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, the exports attained the peak of 7.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s surged to $2.6M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 230 | 384 | 359 | 1,144 | 70.7% |
| Zambia | 1,367 | 1,584 | 1,293 | 949 | -11.5% |
| United Arab Emirates | 225 | 106 | 169 | 160 | -10.7% |
| Democratic Republic of the Congo | 55.6 | 96.5 | 47.6 | 94.5 | 19.3% |
| Mozambique | 88.3 | 7.5 | 29.1 | 91.9 | 1.3% |
| Others | 418 | 178 | 163 | 136 | -31.2% |
| Total | 2,384 | 2,356 | 2,060 | 2,576 | 2.6% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from South Africa in 2022:
- Zimbabwe (2023.4 tons)
- Zambia (1904.8 tons)
- Mozambique (294.1 tons)
- Democratic Republic of the Congo (196.2 tons)
- United Arab Emirates (90.5 tons)
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