We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
South Africa - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

South Africa - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Sep 17, 2023

Price of Alkyd Resins in South Africa Hits Record Low at $1,915 per Ton

South Africa Alkyd Resins Export Price in July 2023

In July 2023, the alkyd resins price amounted to $1,915 per ton (FOB, South Africa), declining by -7.5% against the previous month. In general, the export price showed a perceptible decrease. The pace of growth was the most pronounced in November 2022 when the average export price increased by 12% against the previous month. The export price peaked at $2,597 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Malawi ($2,001 per ton), while the average price for exports to Zimbabwe ($1,775 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 Tanzania (0.0%), while the prices for the other major destinations experienced a decline.

South Africa Alkyd Resins Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Alkyd Resins in South Africa (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Malawi2,5402,2732,1962,1152,1912,5152,2582,0972,0802,2511,9701,9592,001
Zambia2,3272,2082,1112,0752,07718,8952,1082,0941,9842,0281,8351,9951,791
Zimbabwe2,4582,3241,8881,7792,2422,3462,0872,1372,0241,9021,8781,9931,775
TanzaniaN/AN/AN/A1,818N/AN/AN/AN/AN/AN/AN/AN/AN/A
Average2,5972,3662,2221,9782,2112,3492,2262,2622,1152,0821,9172,0701,915

South Africa Alkyd Resins Exports

In July 2023, approximately 357 tons of alkyd resins in primary forms were exported from South Africa; picking up by 22% on the previous month's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when exports increased by 143% m-o-m. As a result, the exports attained the peak of 501 tons. From March 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, alkyd resins exports rose rapidly to $684K (IndexBox estimates) in July 2023. Over the period under review, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in February 2023 with an increase of 147% against the previous month. As a result, the exports attained the peak of $1.1M. From March 2023 to July 2023, the growth of the exports failed to regain momentum.

South Africa Alkyd Resins Exports by Country

Zimbabwe (220 tons) was the main destination for alkyd resins exports from South Africa, with a 62% share of total exports. Moreover, alkyd resins exports to Zimbabwe exceeded the volume sent to the second major destination, Zambia (62 tons), fourfold. Botswana (27 tons) ranked third in terms of total exports with a 7.6% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume to Zimbabwe totaled +1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Zambia (+4.2% per month) and Botswana (+4.6% per month).

In value terms, Zimbabwe ($390K) remains the key foreign market for alkyd resins exports from South Africa, comprising 57% of total exports. The second position in the ranking was held by Zambia ($112K), with a 16% share of total exports. It was followed by Botswana, with a 12% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of value to Zimbabwe amounted to -1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Zambia (+1.9% per month) and Botswana (+0.3% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Free Data: Alkyd Resins In Primary Forms - South Africa
Table
Alkyd Resins In Primary Forms - South Africa - Table
Dashboard
Alkyd Resins In Primary Forms - South Africa - Dashboard
Report
Alkyd Resins In Primary Forms - South Africa - Report