SADC: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in SADC

The SADC reaction initiators and accelerators market soared to $X in 2022, jumping by 57% against the previous year. Over the period under review, consumption continues to indicate prominent growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in SADC

In value terms, reaction initiators and accelerators production rose markedly to $X in 2022 estimated in export price. In general, production saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 66% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports in SADC

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -69.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 199% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped rapidly in the following year.

In value terms, reaction initiators and accelerators exports declined sharply to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 261% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near 98% of total exports in 2022. Zambia (X tons) held a little share of total exports.

Exports from South Africa increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Zambia (+45.4%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +45.4% from 2012-2022. While the share of South Africa (+4.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest reaction initiators and accelerators supplier in SADC, comprising 100% of total exports. The second position in the ranking was held by Zambia ($X), with a 0.2% share of total exports.

In South Africa, reaction initiators and accelerators exports expanded at an average annual rate of +21.1% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the export price posted resilient growth. The pace of growth was the most pronounced in 2016 when the export price increased by 88%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.8%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports in SADC

After two years of decline, supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 31% to X tons in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 33%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports soared to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +94.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near 86% of total imports in 2022. Zambia (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) held a minor share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of reaction initiators, reaction accelerators and catalytic preparations. At the same time, Zambia (+30.0%), Tanzania (+13.1%) and Democratic Republic of the Congo (+5.4%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +30.0% from 2012-2022. From 2012 to 2022, the share of Zambia increased by +3.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported reaction initiators, reaction accelerators and catalytic preparations in SADC, comprising 94% of total imports. The second position in the ranking was taken by Zambia ($X), with a 1.8% share of total imports. It was followed by Democratic Republic of the Congo, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +4.5%. In the other countries, the average annual rates were as follows: Zambia (+31.5% per year) and Democratic Republic of the Congo (+8.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, therefore, remained relatively stable against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +86.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform