South Africa - Sodium Nitrate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSodium Nitrate Price in South Africa - 2023
Contents:
- Sodium Nitrate Price in South Africa (FOB) - 2022
- Sodium Nitrate Price in South Africa (CIF) - 2022
- Sodium Nitrate Exports in South Africa
- Sodium Nitrate Imports in South Africa
Sodium Nitrate Price in South Africa (FOB) - 2022
In 2022, the average sodium nitrate export price amounted to $664 per ton, growing by 53% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $709 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lesotho ($1,640 per ton), while the average price for exports to Angola ($350 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 Brazil (+44.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sodium Nitrate Price in South Africa (CIF) - 2022
The average sodium nitrate import price stood at $784 per ton in 2022, picking up by 3.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $1,134 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Germany ($2,228 per ton), while the price for Chile amounted to $703 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%).
Sodium Nitrate Exports in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of sodium nitrate, which increased by 7.3% to 5.1K tons in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 180%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sodium nitrate exports surged to $3.4M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 115%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Sodium Nitrate in South Africa (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | N/A | 348 | 264 | 610 | 32.4% |
Zambia | 308 | 115 | 140 | 571 | 22.8% |
Italy | N/A | 75.3 | 164 | 488 | 154.6% |
Brazil | 47.4 | N/A | 52.8 | 428 | 108.2% |
Mozambique | 51.5 | 0.2 | 1.3 | 374 | 93.7% |
Zimbabwe | 94.3 | 102 | 270 | 250 | 38.4% |
Nigeria | N/A | 0.2 | N/A | 192 | 2998.4% |
Netherlands | N/A | N/A | 79.3 | 84.6 | 6.7% |
Namibia | 151 | 13.5 | 10.1 | 15.3 | -53.4% |
Australia | N/A | N/A | 338 | N/A | 0% |
Others | 280 | 311 | 754 | 388 | 11.5% |
Total | 932 | 964 | 2,074 | 3,400 | 53.9% |
Top Export Markets for Sodium Nitrate from South Africa in 2022:
- Belgium (1638.7 tons)
- Italy (1247.1 tons)
- Zambia (641.8 tons)
- Mozambique (413.6 tons)
- Brazil (351.8 tons)
- Zimbabwe (198.9 tons)
- Nigeria (159.0 tons)
- Netherlands (69.6 tons)
- Namibia (23.2 tons)
Sodium Nitrate Imports in South Africa
Sodium nitrate imports into South Africa soared to 2.6K tons in 2022, picking up by 48% compared with the year before. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 230% against the previous year. As a result, imports reached the peak of 3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sodium nitrate imports soared to $2M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 187% against the previous year. As a result, imports reached the peak of $2.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Sodium Nitrate in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 467 | 2,002 | 1,026 | 1,691 | 53.6% |
Germany | 255 | 189 | 228 | 281 | 3.3% |
China | 41.0 | 10.1 | 13.7 | 22.9 | -17.6% |
Others | 5.4 | 4.8 | 35.9 | 12.0 | 30.5% |
Total | 768 | 2,206 | 1,304 | 2,006 | 37.7% |
Top Suppliers of Sodium Nitrate to South Africa in 2022:
- Chile (2404.4 tons)
- Germany (126.0 tons)
- China (26.0 tons)
This report provides an in-depth analysis of the sodium nitrate 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:
- FCL 4005 - Sodium nitrate
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
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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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