SADC: Phenylacetic Acid Market 2024

Phenylacetic Acid Market Size in SADC

The SADC phenylacetic acid market dropped to $X in 2022, which is down by X% against the previous year. In general, consumption showed a slight decline. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Phenylacetic Acid Production in SADC

In value terms, phenylacetic acid production shrank slightly to $X in 2022 estimated in export price. In general, production saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phenylacetic Acid Exports

Exports in SADC

In 2022, overseas shipments of phenylacetic acid, its salts and esters increased by X% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, phenylacetic acid exports soared to $X in 2022. Over the period under review, exports saw a slight increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) and South Africa (X tons) prevails in exports structure, together comprising X% of total exports. Zimbabwe (X kg) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest phenylacetic acid supplying countries in SADC were South Africa ($X), Zambia ($X) and Zimbabwe ($X), with a combined X% share of total exports.

Zimbabwe, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

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

Phenylacetic Acid Imports

Imports in SADC

In 2022, the amount of phenylacetic acid, its salts and esters imported in SADC skyrocketed to X tons, rising by X% against 2021. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, phenylacetic acid imports surged to $X in 2022. Overall, imports enjoyed buoyant growth. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) represented the main importer of phenylacetic acid, its salts and esters, achieving X% of total imports. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Botswana (X%), Zimbabwe (X%), Zambia (X%) and Tanzania (X%). The following importers - Democratic Republic of the Congo (X tons) and Mozambique (X tons) - each resulted at a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Botswana (X%), Angola (X%), Mozambique (X%), Zambia (X%), Democratic Republic of the Congo (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. While the share of Angola (X p.p.), Zimbabwe (X p.p.), Botswana (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tanzania (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported phenylacetic acid, its salts and esters in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, rising by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenylacetic acid import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform