South Africa: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in South Africa

The South African market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined to $X in 2022, waning by -13.1% against the previous year. Overall, consumption, however, recorded a significant increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in South Africa

In value terms, production of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 96%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from South Africa

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from South Africa rose rapidly to X tons, growing by 8.1% against 2021. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 39%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid soared to $X in 2022. Overall, exports, however, saw a deep reduction. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from South Africa, accounting for a 72% share of total exports. Moreover, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Zimbabwe exceeded the volume sent to the second major destination, Zambia (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+23.9% per year) and Mozambique (0.0% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exports from South Africa, comprising 75% of total exports. The second position in the ranking was taken by Zambia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+22.7% per year) and Mozambique (0.0% per year).

Export Prices by Country

The average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid increased by +103.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 60%. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Mozambique ($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 Zimbabwe (+2.4%).

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into South Africa

In 2022, the amount of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid imported into South Africa dropped to X tons, reducing by -13.9% against the year before. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 2,200% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined to $X in 2022. In general, imports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2019 when imports increased by 769% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main dibutyl and dioctyl orthophthalates other esters of orthophthalic acid supplier to South Africa, accounting for a 98% share of total imports. It was followed by India (X tons), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +79.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.8% per year) and Belgium (-66.3% per year).

In value terms, China ($X) constituted the largest supplier of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to South Africa, comprising 92% of total imports. The second position in the ranking was held by India ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +69.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.4% per year) and Belgium (-55.6% per year).

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, surging by 8.1% against the previous year. In general, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the average import price increased by 103% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+31.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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