Africa: Bismuth Market 2024

Bismuth Market Size in Africa

In 2023, after two years of decline, there was significant growth in the African bismuth market, when its value increased by X% to $X. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the near future.

Bismuth Production in Africa

In value terms, bismuth production declined slightly to $X in 2023 estimated in export price. Over the period under review, production posted a moderate increase. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Bismuth Exports

Exports in Africa

In 2023, the amount of bismuth exported in Africa shrank sharply to X tons, which is down by X% compared with the previous year. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, bismuth exports shrank rapidly to $X in 2023. Overall, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) represented the key exporter of bismuth in Africa, creating X% of total export.

South Africa was also the fastest-growing in terms of the bismuth exports, with a CAGR of X% from 2012 to 2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest bismuth supplier in Africa.

In South Africa, bismuth exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Bismuth Imports

Imports in Africa

In 2023, the amount of bismuth imported in Africa shrank dramatically to X tons, falling by X% on 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, bismuth imports expanded significantly to $X in 2023. In general, imports showed a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Tunisia was the largest importing country with an import of about X tons, which finished at X% of total imports. Morocco (X kg) ranks second in terms of the total imports with a X% share, followed by South Africa (X%) and Algeria (X%). Mauritius (X kg), Democratic Republic of the Congo (X kg) and Nigeria (X kg) held a relatively small share of total imports.

Imports into Tunisia increased at an average annual rate of X% from 2012 to 2023. At the same time, Democratic Republic of the Congo (X%), Algeria (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, Nigeria (X%) and South Africa (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Algeria (X p.p.), Morocco (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported bismuth in Africa, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Morocco stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, showed a slight setback. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform