Salts; Sodium Dichromate Price in South Africa - 2023
Contents:
- Salts; Sodium Dichromate Price in South Africa (FOB) - 2023
- Salts; Sodium Dichromate Price in South Africa (CIF) - 2022
- Salts; Sodium Dichromate Exports in South Africa
- Salts; Sodium Dichromate Imports in South Africa
Salts; Sodium Dichromate Price in South Africa (FOB) - 2023
In July 2023, the average salts; sodium dichromate export price amounted to $1,430 per ton, dropping by -5.6% against the previous month. Over the period under review, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 4.5% m-o-m. Over the period under review, the average export prices hit record highs at $2,049 per ton in September 2022; however, from October 2022 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Japan ($1,625 per ton) and Germany ($1,582 per ton), while the average price for exports to China ($1,126 per ton) and Romania ($1,300 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Salts; Sodium Dichromate Price in South Africa (CIF) - 2022
The average salts; sodium dichromate import price stood at $296 per ton in 2022, dropping by -92.2% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 806%. The import price peaked at $10,200 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -6.4% per year.
Salts; Sodium Dichromate Exports in South Africa
In 2022, after three years of growth, there was decline in overseas shipments of salts; sodium dichromate, when their volume decreased by -0.8% to 42K tons. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year. As a result, the exports reached the peak of 42K tons, leveling off in the following year.
In value terms, salts; sodium dichromate exports soared to $69M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Salts; Sodium Dichromate in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 1.3 | 3.5 | 18.5 | 83.4% |
| Netherlands | 21.5 | 19.4 | 22.0 | 11.0 | -20.0% |
| China | 1.8 | 8.7 | 2.3 | 10.7 | 81.1% |
| Japan | 6.0 | 3.8 | 5.3 | 6.3 | 1.6% |
| Colombia | N/A | N/A | 1.4 | 3.5 | 150.0% |
| Italy | 1.1 | 0.5 | 1.3 | 2.8 | 36.5% |
| Brazil | 1.1 | 1.0 | 1.0 | 2.6 | 33.2% |
| Uruguay | 1.1 | 3.7 | 2.1 | 1.8 | 17.8% |
| United States | 0.6 | 0.5 | 0.7 | 1.7 | 41.5% |
| Mexico | 0.7 | 0.3 | 0.8 | 1.5 | 28.9% |
| France | 0.6 | 0.2 | 0.4 | 1.5 | 35.7% |
| Belgium | 1.7 | 0.3 | 0.1 | 1.5 | -4.1% |
| Thailand | 0.2 | 1.2 | 1.4 | 1.1 | 76.5% |
| Others | 4.8 | 3.6 | 7.8 | 4.3 | -3.6% |
| Total | 44.3 | 44.7 | 49.9 | 68.7 | 15.7% |
Top Export Markets for Salts; Sodium Dichromate from South Africa in 2022:
- Germany (11.1K tons)
- Netherlands (7.2K tons)
- China (5.9K tons)
- Japan (3.8K tons)
- Brazil (2.7K tons)
- Colombia (1.6K tons)
- Italy (1.4K tons)
- France (1.3K tons)
- Uruguay (1.0K tons)
- Thailand (0.9K tons)
- United States (0.8K tons)
- Mexico (0.7K tons)
- Belgium (0.7K tons)
Salts; Sodium Dichromate Imports in South Africa
In 2022, supplies from abroad of salts; sodium dichromate was finally on the rise to reach 161 tons after two years of decline. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, salts; sodium dichromate imports skyrocketed to $48K in 2022. In general, imports, however, saw a mild shrinkage.
| Import of Salts; Sodium Dichromate in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 30.1 | 28.8 | N/A | 47.6 | 16.5% |
| Others | 19.9 | 2.7 | 0.7 | 0.2 | -78.4% |
| Total | 50.0 | 31.4 | 0.7 | 47.8 | -1.5% |
Top Suppliers of Salts; Sodium Dichromate to South Africa in 2022:
- India (161.4 tons)
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