South Africa: Amino-Resin Market 2024

Amino-Resin Market Size in South Africa

In 2022, the South African amino-resin market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption posted a strong increase. Amino-resin consumption peaked in 2022 and is likely to continue growth in years to come.

Amino-Resin Exports

Exports from South Africa

In 2022, the amount of amino-resins, phenolic resins and polyurethanes (in primary forms) exported from South Africa contracted markedly to X tons, dropping by X% on 2021. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports dropped notably to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X tons) was the main destination for amino-resin exports from South Africa, accounting for a X% share of total exports. Moreover, amino-resin exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. Malawi (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Malawi (X% per year).

In value terms, Zambia ($X), Zimbabwe ($X) and Angola ($X) appeared to be the largest markets for amino-resin exported from South Africa worldwide, with a combined X% share of total exports.

Among the main countries of destination, Angola, with a CAGR of X%, saw 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, growing by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin export price increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Zambia ($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 Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into South Africa

In 2022, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, amino-resin imports amounted to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of amino-resin imports to South Africa, together comprising X% of total imports. Saudi Arabia, Belgium, Italy, Spain, South Korea, the UK, Portugal, Singapore, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest amino-resin suppliers to South Africa were Germany ($X), China ($X) and Italy ($X), together comprising X% of total imports. Belgium, Saudi Arabia, India, the UK, South Korea, Portugal, Spain, the United States, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of 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, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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