Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa - 2024

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $23,109 per ton, increasing by 7.3% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 52%. Over the period under review, average import prices reached the peak figure at $43,236 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($237,248 per ton), while the price for Japan ($6,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $52,356 per ton in 2022, dropping by -25.8% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 319% against the previous year. The export price peaked at $70,583 per ton in 2021, and then contracted dramatically in the following year.

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 Zimbabwe ($126,030 per ton), while the average price for exports to Malawi ($15,893 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 Malawi (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa

In 2022, approx. 132 tons of balances; of a sensitivity of 5cg or better, with or without weightses were imported into South Africa; with an increase of 60% against 2021 figures. Overall, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses surged to $3M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to South Africa in 2022:

1. Japan (96.1 tons)
2. China (23.0 tons)
3. Germany (4.2 tons)
4. Poland (3.0 tons)
5. Switzerland (2.8 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in South Africa

Exports of balances; of a sensitivity of 5cg or better, with or without weightses from South Africa soared to 10 tons in 2022, jumping by 17% on 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 31%.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses reduced to $531K in 2022. Over the period under review, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2021 when exports increased by 151% against the previous year. As a result, the exports reached the peak of $579K, and then fell in the following year.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from South Africa in 2022:

1. Botswana (2989.0 kg)
2. Mozambique (2321.0 kg)
3. Angola (1380.0 kg)
4. Malawi (795.0 kg)
5. Zimbabwe (767.0 kg)
6. Swaziland (489.0 kg)
7. Nigeria (298.0 kg)
8. Zambia (238.0 kg)
9. Tanzania (169.0 kg)
10. Democratic Republic of the Congo (156.0 kg)
11. Gabon (23.0 kg)

Source: IndexBox Market Intelligence Platform