SADC: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in SADC

The SADC amine-function compounds market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Production in SADC

In value terms, amine-function compounds production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports in SADC

In 2021, shipments abroad of amine-function compounds decreased by -35.9% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 113%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, amine-function compounds exports shrank remarkably to $X in 2021. In general, exports, however, saw temperate growth. The growth pace was the most rapid in 2019 with an increase of 46% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of amine-function compounds, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the amine-function compounds exports, with a CAGR of +11.9% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +6.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest amine-function compounds supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at +4.8%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -6.4% per year.

Amine-Function Compounds Imports

Imports in SADC

In 2021, the amount of amine-function compounds imported in SADC expanded significantly to X tons, growing by 9.1% against 2020 figures. Over the period under review, imports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2017 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, amine-function compounds imports skyrocketed to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. 86% of total imports in 2021. It was distantly followed by Botswana (X tons), generating a 6.6% share of total imports. Tanzania (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -1.5% from 2012 to 2021. At the same time, Botswana (+34.8%) and Tanzania (+15.0%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +34.8% from 2012-2021. By contrast, Zimbabwe (-11.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Botswana and Tanzania increased by +6.2 and +2 percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported amine-function compounds in SADC, comprising 86% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a 5.5% share of total imports. It was followed by Tanzania, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Zimbabwe (-4.5% per year) and Tanzania (+13.1% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, increasing by 21% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Zimbabwe ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+8.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform