SADC: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in SADC

The SADC polycarboxylic acid market expanded to $X in 2022, with an increase of 4.7% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in SADC

In value terms, polycarboxylic acid production stood at $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Polycarboxylic Acid Exports

Exports in SADC

In 2022, shipments abroad of polycarboxylic acids decreased by -38.6% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of 105% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polycarboxylic acid exports dropped markedly to $X in 2022. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 112%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X tons), together resulting at 100% of total export.

South Africa was also the fastest-growing in terms of the polycarboxylic acids exports, with a CAGR of -3.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In South Africa, polycarboxylic acid exports shrank by an average annual rate of -1.9% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, jumping by 34% against the previous year. Over the period under review, the export price recorded pronounced growth. The growth pace was the most rapid in 2021 an increase of 72%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 +2.1% per year.

Polycarboxylic Acid Imports

Imports in SADC

In 2022, approx. X tons of polycarboxylic acids were imported in SADC; with a decrease of -6.9% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.1% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 55% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polycarboxylic acid imports soared to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 87% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near 97% of total imports in 2022. Tanzania (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +4.7% from 2012 to 2022. At the same time, Tanzania (+14.7%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +14.7% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polycarboxylic acids in SADC, comprising 96% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 3.1% share of total imports.

In South Africa, polycarboxylic acid imports increased at an average annual rate of +2.3% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, jumping by 25% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by 32%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.3%).

Source: IndexBox Platform