SADC: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in SADC

The SADC polyphenols and phenol-alcohols market rose rapidly to $X in 2022, with an increase of 10% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.5% against 2016 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Polyphenols And Phenol-Alcohols Production in SADC

In value terms, polyphenols and phenol-alcohols production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in SADC

In 2022, overseas shipments of polyphenols and phenol-alcohols increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 1,384%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports surged to $X in 2022. Overall, exports showed a mild increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,255%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons) was the main exporter of polyphenols and phenol-alcohols in SADC, comprising 99% of total export.

South Africa was also the fastest-growing in terms of the polyphenols and phenol-alcohols exports, with a CAGR of -7.0% 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 polyphenols and phenol-alcohols supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +1.3%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, increasing by 34% against the previous year. In general, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 66% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 +8.9% per year.

Polyphenols And Phenol-Alcohols Imports

Imports in SADC

Polyphenols and phenol-alcohols imports stood at X tons in 2022, with an increase of 13% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, polyphenols and phenol-alcohols imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 50% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Democratic Republic of the Congo represented the key importer of polyphenols and phenol-alcohols in SADC, with the volume of imports resulting at X tons, which was near 78% of total imports in 2022. It was distantly followed by South Africa (X tons), achieving a 17% share of total imports. Angola (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyphenols and phenol-alcohols imports into Democratic Republic of the Congo stood at +6.8%. At the same time, Angola (+56.0%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of +56.0% from 2012-2022. By contrast, South Africa (-9.2%) illustrated a downward trend over the same period. Democratic Republic of the Congo (+34 p.p.) and Angola (+4 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -32.7% from 2012 to 2022, respectively.

In value terms, Democratic Republic of the Congo ($X) constitutes the largest market for imported polyphenols and phenol-alcohols in SADC, comprising 80% of total imports. The second position in the ranking was taken by South Africa ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Democratic Republic of the Congo amounted to +11.8%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-6.8% per year) and Angola (+60.1% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, with an increase of 28% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +67.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 31% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform