South Africa: Amino Resin Market 2025

Amino Resin Market Size in South Africa

The South African amino resin market declined to $X in 2022, waning by -10.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed significant growth. Amino resin consumption peaked at $X in 2021, and then shrank in the following year.

Amino Resin Exports

Exports from South Africa

In 2022, shipments abroad of amino resins decreased by -4.7% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 626% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, amino resin exports stood at $X in 2022. In general, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 459%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Swaziland (X tons), Zimbabwe (X tons) and Angola (X tons) were the main destinations of amino resin exports from South Africa, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +82.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from South Africa were Angola ($X), Zimbabwe ($X) and Swaziland ($X), together accounting for 83% of total exports.

Among the main countries of destination, Swaziland, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Amino Resin Imports

Imports into South Africa

In 2022, approx. X tons of amino resins were imported into South Africa; dropping by -13.8% compared with the previous year. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 398%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, amino resin imports fell to $X in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 223% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of amino resin imports to South Africa, together comprising 69% of total imports. Belgium, South Korea, Portugal and Spain lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +114.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Germany ($X) constituted the largest amino resin suppliers to South Africa, together accounting for 68% of total imports. Belgium, Portugal, South Korea and Spain lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Spain, with a CAGR of +118.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, surging by 8.8% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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