SADC: Bismuth Market 2024

Bismuth Market Size in SADC

In 2023, the SADC bismuth market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. The total consumption indicated slight growth 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. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Bismuth Production in SADC

In value terms, bismuth production shrank modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Bismuth Exports

Exports in SADC

In 2023, approx. X tons of bismuth were exported in SADC; jumping by X% against the year before. Over the period under review, exports continue to indicate a significant increase. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, bismuth exports soared to $X in 2023. In general, exports saw tangible growth. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2023.

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 SADC.

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

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Overall, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices failed to regain momentum.

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 SADC

In 2023, the amount of bismuth imported in SADC reduced notably to X kg, with a decrease of X% on the year before. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, bismuth imports plummeted to $X in 2023. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, South Africa (X kg) represented the largest importer of bismuth, comprising X% of total imports. Mauritius (X kg) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (X%), Tanzania (X%) and Namibia (X%). Zimbabwe (X kg) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to bismuth imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Namibia (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, Tanzania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mauritius, Democratic Republic of the Congo, Tanzania and Namibia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, bismuth imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked 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 South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform