SADC: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in SADC

For the third consecutive year, the SADC tall oil fatty acids market recorded growth in sales value, which increased by 107% to $X in 2021. In general, consumption saw buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Tall Oil Fatty Acids in SADC

In value terms, tall oil fatty acids production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 20%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Industrial Tall Oil Fatty Acids

Exports in SADC

In 2021, overseas shipments of industrial tall oil fatty acids decreased by -4.6% to X tons, falling for the second consecutive year after three years of growth. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 116% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports contracted markedly to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2013 with an increase of 91% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons) and Mozambique (X tons) were the main exporters of industrial tall oil fatty acids in 2021, finishing at near 35% and 34% of total exports, respectively. South Africa (X tons) ranks next in terms of the total exports with a 21% share, followed by Tanzania (6.8%). Angola (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of +22.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X), Mozambique ($X) and Zimbabwe ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Among the main exporting countries, Mozambique, with a CAGR of +1.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, shrinking by -35.5% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 155%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Tall Oil Fatty Acids

Imports in SADC

Tall oil fatty acids imports soared to X tons in 2021, increasing by 97% against 2020. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% 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 +102.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tall oil fatty acids imports soared to $X in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa represented the key importer of industrial tall oil fatty acids in SADC, with the volume of imports amounting to X tons, which was approx. 70% of total imports in 2021. Malawi (X tons) took the second position in the ranking, distantly followed by Mozambique (X tons) and Seychelles (X tons). All these countries together held approx. 27% share of total imports. Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the industrial tall oil fatty acids imports, with a CAGR of +23.5% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+19.4%) and Mozambique (+2.0%) displayed positive paces of growth. Seychelles experienced a relatively flat trend pattern. By contrast, Malawi (-13.6%) illustrated a downward trend over the same period. While the share of South Africa (+55 p.p.) and Seychelles (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malawi (-59.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported industrial tall oil fatty acids in SADC, comprising 69% of total imports. The second position in the ranking was taken by Malawi ($X), with an 11% share of total imports. It was followed by Mozambique, with a 7.3% share.

In South Africa, tall oil fatty acids imports increased at an average annual rate of +22.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malawi (-13.5% per year) and Mozambique (+19.6% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, rising by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. 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, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform