Price for Inorganic Acids; Other than Hydrogen Fluoride in South Africa - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in South Africa (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in South Africa (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in South Africa
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in South Africa
Price for Inorganic Acids; Other than Hydrogen Fluoride in South Africa (CIF) - 2022
The average import price for inorganic acids; other than hydrogen fluorides stood at $1,748 per ton in 2022, surging by 42% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for inorganic acids; other than hydrogen fluorides increased by +96.7% against 2020 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was China ($2,662 per ton), while the price for Taiwan (Chinese) ($678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in South Africa (FOB) - 2022
In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $1,479 per ton, reducing by -54.5% against the previous year. In general, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $3,249 per ton in 2021, and then contracted remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($2,034 per ton), while the average price for exports to Cote d'Ivoire ($606 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 Botswana (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in South Africa
In 2022, imports of inorganic acids; other than hydrogen fluorides into South Africa surged to 6.1K tons, growing by 22% against 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides skyrocketed to $11M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 2.2 | 3.4 | 6.7 | 49.6% |
| Malaysia | 2.2 | 1.6 | 2.0 | 2.8 | 8.4% |
| India | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Others | 0.4 | 0.3 | 0.5 | 0.9 | 31.0% |
| Total | 5.0 | 4.4 | 6.2 | 10.7 | 28.9% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to South Africa in 2022:
- Malaysia (3.3K tons)
- China (2.5K tons)
- India (0.2K tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of inorganic acids; other than hydrogen fluorides, when their volume decreased by -63.6% to 641 tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 741% against the previous year. As a result, the exports reached the peak of 1.8K tons, and then shrank markedly in the following year.
In value terms, exports of inorganic acids; other than hydrogen fluorides fell rapidly to $949K in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,157%. As a result, the exports attained the peak of $5.7M, and then shrank dramatically in the following year.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 80.1 | 36.6 | 160 | 324 | 59.3% |
| Namibia | 47.0 | 41.3 | 52.4 | 230 | 69.8% |
| Zimbabwe | 66.5 | 80.9 | 180 | 120 | 21.7% |
| Democratic Republic of the Congo | 97.3 | 101 | 4,365 | 61.9 | -14.0% |
| Botswana | 32.7 | 33.3 | 37.5 | 59.4 | 22.0% |
| Malawi | 8.4 | 8.5 | 13.5 | 35.1 | 61.1% |
| Swaziland | 14.1 | 18.0 | 26.0 | 21.3 | 14.7% |
| Cote d'Ivoire | 6.4 | 16.0 | 10.5 | 13.5 | 28.2% |
| Malaysia | N/A | N/A | 785 | N/A | 0% |
| Others | 59.7 | 120 | 94.9 | 82.6 | 11.4% |
| Total | 412 | 455 | 5,725 | 949 | 32.1% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from South Africa in 2022:
- Namibia (229.4 tons)
- Zambia (159.3 tons)
- Zimbabwe (88.3 tons)
- Botswana (43.0 tons)
- Malawi (33.3 tons)
- Swaziland (22.9 tons)
- Cote d'Ivoire (22.3 tons)
- Democratic Republic of the Congo (5.4 tons)
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