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South Africa - Carbides - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Carbides in South Africa Sees a 23% Increase to Reach $6.4M in December 2023
South Africa Carbides Exports
In December 2023, exports of carbides from South Africa surged to 1.2K tons, increasing by 23% on the previous month. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in February 2023 with an increase of 73% m-o-m.
In value terms, carbides exports surged to $6.4M (IndexBox estimates) in December 2023. Overall, exports, however, showed a slight curtailment. The pace of growth appeared the most rapid in January 2023 with an increase of 45% m-o-m. As a result, the exports reached the peak of $11M. From February 2023 to December 2023, the growth of the exports failed to regain momentum.
COUNTRY | Export Value of Carbides in South Africa (million USD) | ||||||||||||
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Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
United States | 3.7 | 6.1 | 7.1 | 5.1 | 6.1 | 3.2 | 2.4 | 3.3 | 4.5 | 3.6 | 5.1 | 2.5 | 4.6 |
Netherlands | 2.8 | 1.8 | 2.2 | 2.2 | 1.9 | 1.8 | 1.5 | 0.9 | 1.3 | 1.9 | 1.2 | 1.1 | 0.7 |
United Kingdom | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 0.2 |
Others | 0.8 | 2.5 | 1.0 | 1.2 | 1.8 | 2.0 | 1.5 | 1.8 | 1.8 | 1.2 | 0.6 | 1.5 | 0.9 |
Total | 7.3 | 10.7 | 10.6 | 8.8 | 10.0 | 7.1 | 5.6 | 6.2 | 7.6 | 6.9 | 7.0 | 5.2 | 6.4 |
Exports by Country
The Netherlands (524 tons), the United States (492 tons) and the UK (100 tons) were the main destinations of carbides exports from South Africa, with a combined 96% share of total exports.
From December 2022 to December 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +12.6%), while the other leaders experienced a decline.
In value terms, the United States ($4.6M) remains the key foreign market for carbides exports from South Africa, comprising 72% of total exports. The second position in the ranking was taken by the Netherlands ($697K), with an 11% share of total exports.
From December 2022 to December 2023, the average monthly growth rate of value to the United States totaled +1.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Netherlands (-10.8% per month) and the UK (+0.0% per month).
Export Prices by Country
In December 2023, the carbides price amounted to $5,493 per ton (FOB, South Africa), remaining relatively unchanged against the previous month. In general, the export price enjoyed mild growth. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 141% against the previous month. As a result, the export price reached the peak level of $11,184 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Australia ($19,420 per ton), while the average price for exports to the Netherlands ($1,330 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.7%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the carbides 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 20136450 - Carbides whether or not chemically defined
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023