Selenium Price in South Africa - 2023

Contents:

1. Selenium Price in South Africa (CIF) - 2022
2. Selenium Price in South Africa (FOB) - 2022
3. Selenium Imports in South Africa
4. Selenium Exports in South Africa

Selenium Price in South Africa (CIF) - 2022

The average selenium import price stood at $16,886 per ton in 2022, surging by 60% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. Over the period under review, average import prices hit record highs at $54,285 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($28,877 per ton), while the price for Germany ($6,278 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+190.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Selenium Price in South Africa (FOB) - 2022

In 2022, the average selenium export price amounted to $9,431 per ton, picking up by 8.2% against the previous year. Overall, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in 2016 an increase of 371%. Over the period under review, the average export prices reached the maximum at $18,974 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($43,195 per ton), while the average price for exports to Namibia ($1,263 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 Mozambique (+14.5%), while the prices for the other major destinations experienced a decline.

Selenium Imports in South Africa

After three years of growth, overseas purchases of selenia decreased by -43.3% to 50 tons in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports attained the peak of 89 tons, and then fell rapidly in the following year.

In value terms, selenium imports dropped to $850K in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of $939K, and then contracted in the following year.

Top Suppliers of Selenium to South Africa in 2022:

1. Belgium (15.3 tons)
2. Germany (13.0 tons)
3. United States (11.4 tons)
4. Canada (6.8 tons)
5. Chile (1.7 tons)
6. China (1.2 tons)

Selenium Exports in South Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of selenia, when their volume decreased by -26.1% to 8.4 tons. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 110%. As a result, the exports reached the peak of 11 tons, and then fell remarkably in the following year.

In value terms, selenium exports reduced markedly to $79K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.0% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $99K, and then dropped sharply in the following year.

Top Export Markets for Selenium from South Africa in 2022:

1. Zimbabwe (undefined tons)
2. Namibia (2.8 tons)
3. Mozambique (2.6 tons)
4. Zambia (1.3 tons)
5. Botswana (0.9 tons)
6. Kenya (0.6 tons)

Source: IndexBox Market Intelligence Platform