South Africa: Acyclic Hydrocarbons Market 2022

Acyclic Hydrocarbons Market Size in South Africa

In 2020, after three years of growth, there was decline in the South African acyclic hydrocarbons market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2019, and then dropped in the following year.

Acyclic Hydrocarbons Production in South Africa

In value terms, acyclic hydrocarbons production declined slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Acyclic hydrocarbons production peaked at $X in 2019, and then dropped in the following year.

Acyclic Hydrocarbons Exports

Exports from South Africa

In 2020, acyclic hydrocarbons exports from South Africa fell modestly to X tons, shrinking by -X% on the year before. The total export volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when exports increased by X% year-to-year. Exports peaked at X tons in 2019, and then reduced slightly in the following year.

In value terms, acyclic hydrocarbons exports declined to $X in 2020. The total export value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X tons), Singapore (X tons) and Belgium (X tons) were the main destinations of acyclic hydrocarbons exports from South Africa, with a combined X% share of total exports. These countries were followed by Thailand, Saudi Arabia, Japan and the United Arab Emirates, which together accounted for a further X 2007 to 2020, the biggest increases were in the United Arab Emirates, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons exported from South Africa were Singapore ($X), the U.S. ($X) and Belgium ($X), together comprising X% of total exports. Thailand, Saudi Arabia, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further X United Arab Emirates saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Acyclic Hydrocarbons Imports

Imports into South Africa

In 2020, approx. X tons of acyclic hydrocarbons were imported into South Africa; which is down by -X% against the previous year's figure. Overall, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports contracted markedly to $X in 2020. In general, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Israel (X tons) constituted the largest acyclic hydrocarbons supplier to South Africa, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons imports from Israel exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was occupied by the U.S. (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Israel amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

In value terms, China ($X), Israel ($X) and the U.S. ($X) constituted the largest acyclic hydrocarbons suppliers to South Africa, together accounting for X% of total imports.

China saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average acyclic hydrocarbons import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price saw a modest increase. The pace of growth was the most pronounced in 2019 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :