Africa: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Africa

In 2021, after two years of decline, there was significant growth in the African market for phthalic anhydride, terephthalic acid and its salts, when its value increased by 14% to $X. Overall, consumption, however, saw a slight decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Africa

In value terms, phthalic anhydride and terephthalic acid production totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports in Africa

In 2021, the amount of phthalic anhydride, terephthalic acid and its salts exported in Africa skyrocketed to X tons, jumping by 809% on 2020. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, phthalic anhydride and terephthalic acid exports surged to $X in 2021. Overall, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia prevails in exports structure, accounting for X tons, which was near 85% of total exports in 2021. It was distantly followed by Egypt (X tons) and South Africa (X tons), together comprising a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to phthalic anhydride and terephthalic acid exports from Tunisia stood at +57.8%. At the same time, Egypt (+104.4%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +104.4% from 2012-2021. By contrast, South Africa (-8.1%) illustrated a downward trend over the same period. Tunisia (+78 p.p.) and Egypt (+9.4 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -56.3% from 2012 to 2021, respectively.

In value terms, Tunisia ($X) remains the largest phthalic anhydride and terephthalic acid supplier in Africa, comprising 87% of total exports. The second position in the ranking was held by South Africa ($X), with a 7.3% share of total exports.

In Tunisia, phthalic anhydride and terephthalic acid exports expanded at an average annual rate of +49.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-11.0% per year) and Egypt (+106.0% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, waning by -16.9% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 5.9% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports in Africa

In 2021, imports of phthalic anhydride, terephthalic acid and its salts in Africa expanded significantly to X tons, picking up by 11% on the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.5% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 55% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, phthalic anhydride and terephthalic acid imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 90%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the main importing country with an import of around X tons, which accounted for 71% of total imports. It was distantly followed by Egypt (X tons), making up a 19% share of total imports. The following importers - Tunisia (X tons), Nigeria (X tons), Morocco (X tons) and Algeria (X tons) - each accounted for a 7.6% share of total imports.

Imports into South Africa increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, Nigeria (+8.1%), Algeria (+6.4%), Egypt (+5.1%) and Morocco (+3.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of +8.1% from 2012-2021. Tunisia experienced a relatively flat trend pattern. From 2012 to 2021, the share of South Africa increased by +2.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported phthalic anhydride, terephthalic acid and its salts in Africa, comprising 63% of total imports. The second position in the ranking was taken by Egypt ($X), with a 23% share of total imports. It was followed by Tunisia, with a 3.3% share.

In South Africa, phthalic anhydride and terephthalic acid imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Egypt (+0.1% per year) and Tunisia (-2.8% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, with an increase of 33% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (-3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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