South Africa - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilicone Price in South Africa - 2023
Contents:
- Silicone Price in South Africa (CIF) - 2023
- Silicone Price in South Africa (FOB) - 2023
- Silicone Imports in South Africa
- Silicone Exports in South Africa
Silicone Price in South Africa (CIF) - 2023
The average silicone import price stood at $5,687 per ton in July 2023, picking up by 17% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 61% m-o-m. As a result, import price attained the peak level of $7,427 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($20,228 per ton), while the price for China ($2,910 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Silicone Price in South Africa (FOB) - 2023
In July 2023, the average silicone export price amounted to $3,067 per ton, surging by 6.2% against the previous month. In general, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in January 2023 an increase of 106% m-o-m. The export price peaked at $9,368 per ton in March 2023; however, from April 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Swaziland ($7,179 per ton), while the average price for exports to Zimbabwe ($1,795 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silicone Imports in South Africa
In 2022, silicone imports into South Africa shrank modestly to 4.5K tons, dropping by -4.4% compared with the previous year. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 21%.
In value terms, silicone imports skyrocketed to $28M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +70.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Silicone in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 7.8 | 6.7 | 6.6 | 10.3 | 9.7% |
China | 2.8 | 2.5 | 4.9 | 5.6 | 26.0% |
United Kingdom | 1.8 | 0.9 | 1.2 | 1.9 | 1.8% |
India | 2.1 | 0.2 | 1.1 | 1.6 | -8.7% |
Belgium | 1.3 | 1.2 | 1.3 | 1.6 | 7.2% |
Malaysia | 0.5 | 0.5 | 0.6 | 1.4 | 40.9% |
Netherlands | 1.2 | 1.4 | 1.7 | 1.3 | 2.7% |
Others | 4.6 | 2.9 | 3.9 | 4.2 | -3.0% |
Total | 22.1 | 16.3 | 21.4 | 27.9 | 8.1% |
Top Suppliers of Silicone to South Africa in 2022:
- Germany (1371.8 tons)
- China (1156.9 tons)
- Malaysia (665.9 tons)
- United Kingdom (587.6 tons)
- India (412.0 tons)
- Belgium (271.2 tons)
- Netherlands (263.0 tons)
Silicone Exports in South Africa
In 2022, the amount of silicones (in primary forms) exported from South Africa dropped markedly to 1.2K tons, which is down by -17% on the previous year's figure. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 +50.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 81%. As a result, the exports attained the peak of 1.4K tons, and then contracted significantly in the following year.
In value terms, silicone exports contracted markedly to $3.9M in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% 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 +28.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $4.6M, and then contracted dramatically in the following year.
Export of Silicone in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 861 | 811 | 1,131 | 1,127 | 9.4% |
Zimbabwe | 353 | 340 | 634 | 1,119 | 46.9% |
Botswana | 446 | 233 | 404 | 346 | -8.1% |
Zambia | 427 | 292 | 507 | 301 | -11.0% |
Swaziland | 236 | 181 | 235 | 221 | -2.2% |
Mozambique | 132 | 128 | 153 | 145 | 3.2% |
Lesotho | 87.6 | 115 | 139 | 140 | 16.9% |
Malawi | 113 | 58.9 | 85.2 | 73.4 | -13.4% |
Turkey | 90.0 | 308 | 369 | 55.4 | -14.9% |
Angola | 34.3 | 33.6 | 29.8 | 18.2 | -19.0% |
Indonesia | N/A | N/A | 143 | N/A | 0% |
Others | 748 | 516 | 811 | 337 | -23.3% |
Total | 3,528 | 3,018 | 4,641 | 3,883 | 3.2% |
Top Export Markets for Silicone from South Africa in 2022:
- Zimbabwe (533.8 tons)
- Namibia (209.1 tons)
- Lesotho (51.6 tons)
- Zambia (48.4 tons)
- Botswana (46.8 tons)
- Swaziland (28.1 tons)
- Mozambique (20.8 tons)
- Angola (13.9 tons)
- Malawi (11.3 tons)
- Turkey (4.8 tons)
This report provides an in-depth analysis of the silicone 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 20165700 - Silicones, in primary forms
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
-
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
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