Price for Mineral Substances Not Elsewhere Specified or Included in South Africa - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in South Africa (FOB) - 2023
- Price for Mineral Substances Not Elsewhere Specified or Included in South Africa (CIF) - 2022
- Exports of Mineral Substances Not Elsewhere Specified or Included in South Africa
- Imports of Mineral Substances Not Elsewhere Specified or Included in South Africa
Price for Mineral Substances Not Elsewhere Specified or Included in South Africa (FOB) - 2023
In December 2023, the average export price for mineral substances not elsewhere specified or includeds amounted to $142 per ton, picking up by 49% against the previous month. Over the period under review, the export price, however, saw a deep setback. The export price peaked at $640 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Japan ($349 per ton), while the average price for exports to China ($110 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 United States (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in South Africa (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $402 per ton in 2022, picking up by 8.6% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Spain ($1,930 per ton), while the price for Turkey ($90 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mineral Substances Not Elsewhere Specified or Included in South Africa
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from South Africa fell markedly to 193K tons, with a decrease of -25.6% compared with the year before. In general, exports continue to indicate a abrupt descent. The smallest decline of -6.4% was in 2021.
In value terms, exports of mineral substances not elsewhere specified or includeds amounted to $71M in 2022. Overall, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 31%.
| Export of Mineral Substances Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 33.7 | 27.7 | 33.2 | 40.4 | 6.2% |
| China | 6.2 | 3.3 | 6.6 | 7.2 | 5.1% |
| Australia | 0.1 | 0.3 | 2.3 | 3.7 | 233.2% |
| United States | 9.7 | 6.7 | 2.1 | 3.4 | -29.5% |
| Netherlands | 9.9 | 10.0 | 7.8 | 3.2 | -31.4% |
| Japan | 1.9 | 0.7 | 0.9 | 3.2 | 19.0% |
| New Zealand | N/A | 0.1 | 0.6 | 1.6 | 300.0% |
| Belgium | 6.2 | 2.5 | 11.2 | 0.8 | -49.5% |
| United Kingdom | 7.5 | 0.1 | 0.1 | 0.6 | -56.9% |
| Others | 4.8 | 2.7 | 5.8 | 6.6 | 11.2% |
| Total | 80.0 | 53.9 | 70.5 | 70.5 | -4.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from South Africa in 2022:
- Mozambique (114.0K tons)
- Netherlands (15.5K tons)
- China (12.2K tons)
- United States (9.0K tons)
- Australia (8.9K tons)
- Japan (7.3K tons)
- New Zealand (3.5K tons)
- Belgium (2.3K tons)
- United Kingdom (2.0K tons)
Imports of Mineral Substances Not Elsewhere Specified or Included in South Africa
In 2022, the amount of mineral substances not elsewhere specified or includeds imported into South Africa reduced notably to 40K tons, which is down by -16.6% compared with 2021 figures. Over the period under review, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year.
In value terms, imports of mineral substances not elsewhere specified or includeds declined to $16M in 2022. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 81%.
| Import of Mineral Substances Not Elsewhere Specified or Included in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 16.6 | 5.8 | 10.7 | 9.3 | -17.6% |
| Spain | 1.9 | 1.6 | 3.1 | 1.6 | -5.6% |
| Germany | 0.5 | 0.5 | 1.1 | 1.4 | 40.9% |
| Turkey | 0.9 | 0.8 | 1.1 | 1.1 | 6.9% |
| United States | 0.3 | 0.2 | 0.3 | 0.9 | 44.2% |
| China | 0.4 | 0.1 | 0.4 | 0.7 | 20.5% |
| India | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.5 | 0.5 | 0.9 | 0.9 | 21.6% |
| Total | 21.2 | 9.8 | 17.7 | 16.0 | -9.0% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to South Africa in 2022:
- Zimbabwe (17.5K tons)
- Turkey (12.2K tons)
- Germany (4.3K tons)
- China (1.3K tons)
- India (0.9K tons)
- United States (0.8K tons)
- Spain (0.8K tons)
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