SADC: Phenols Market 2024

Phenols Market Size in SADC

The SADC phenols market contracted to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a mild descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Phenols Production in SADC

In value terms, phenols production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Phenols Exports

Exports in SADC

Phenols exports dropped to X tons in 2022, waning by X% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, phenols exports amounted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from South Africa (X tons), together accounting for X% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of phenols. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest phenols supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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 X% per year.

Phenols Imports

Imports in SADC

In 2022, overseas purchases of phenols decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, phenols imports dropped remarkably to $X in 2022. In general, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Zimbabwe (X tons) and Democratic Republic of the Congo (X tons), together generating an X% share of total imports. The following importers - Tanzania (X tons), Mozambique (X tons) and Zambia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to phenols imports into South Africa stood at X%. At the same time, Mozambique (X%), Zimbabwe (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Zimbabwe (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Democratic Republic of the Congo saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported phenols in SADC, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then shrank sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform