SADC: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in SADC

The SADC ethylene glycol market declined to $X in 2022, which is down by -1.6% against the previous year. In general, consumption recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ethylene Glycol Production in SADC

In value terms, ethylene glycol production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by 12%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ethylene Glycol Exports

Exports in SADC

Ethylene glycol exports dropped significantly to X tons in 2022, with a decrease of -35.5% on the previous year. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 83%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethylene glycol exports dropped markedly to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near 85% of total exports in 2022. Tanzania (X tons) ranks second in terms of the total exports with a 6.9% share, followed by Zambia (6.6%).

From 2012 to 2022, average annual rates of growth with regard to ethylene glycol exports from South Africa stood at -10.5%. At the same time, Zambia (+42.6%) and Tanzania (+10.8%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +42.6% from 2012-2022. From 2012 to 2022, the share of Zambia and Tanzania increased by +6.5 and +5.9 percentage points, respectively.

In value terms, South Africa ($X) remains the largest ethylene glycol supplier in SADC, comprising 88% of total exports. The second position in the ranking was held by Tanzania ($X), with a 3.9% share of total exports.

In South Africa, ethylene glycol exports contracted by an average annual rate of -10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (+5.7% per year) and Zambia (+33.3% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, picking up by 29% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.3%), while the other leaders experienced a decline in the export price figures.

Ethylene Glycol Imports

Imports in SADC

In 2022, approx. X tons of ethylene glycol (ethanediol) were imported in SADC; with a decrease of -18.2% compared with 2021. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.1% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped dramatically in the following year.

In value terms, ethylene glycol imports totaled $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons) represented roughly 98% of total imports in 2022.

South Africa was also the fastest-growing in terms of the ethylene glycol (ethanediol) imports, with a CAGR of +2.9% from 2012 to 2022. While the share of South Africa (+3.6 p.p.) increased significantly, 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 ethylene glycol (ethanediol) in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +1.2%.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by 34% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -1.6% per year.

Source: IndexBox Platform