South Africa: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in South Africa

The South African aromatic hydrocarbons derivatives market expanded modestly to $X in 2021, increasing by 3.1% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.6% against 2016 indices. Aromatic hydrocarbons derivatives consumption peaked in 2021 and is likely to see gradual growth in years to come.

Aromatic Hydrocarbons Derivatives Production in South Africa

In value terms, aromatic hydrocarbons derivatives production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, saw a resilient increase. The growth pace was the most rapid in 2013 when the production volume increased by 93% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Aromatic Hydrocarbons Derivatives Exports

Exports from South Africa

In 2021, the amount of halogenated derivatives of aromatic hydrocarbons exported from South Africa dropped to X tons, waning by -12.7% on 2020. Overall, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2014 when exports increased by 116%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 217%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Mozambique (X tons) were the main destinations of aromatic hydrocarbons derivatives exports from South Africa, together accounting for 74% of total exports. These countries were followed by Botswana, Namibia, Democratic Republic of the Congo and Swaziland, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +41.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbons derivatives exported from South Africa were Zambia ($X), Mozambique ($X) and Zimbabwe ($X), with a combined 72% share of total exports. These countries were followed by Botswana, Democratic Republic of the Congo, Namibia and Swaziland, which together accounted for a further 24%.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +37.1%, saw the highest growth rate of 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 2021, the average aromatic hydrocarbons derivatives export price amounted to $X per ton, with an increase of 34% against the previous year. Overall, the export price, however, showed a perceptible decrease. The growth pace was the most rapid in 2017 when the average export price increased by 347%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aromatic Hydrocarbons Derivatives Imports

Imports into South Africa

In 2021, supplies from abroad of halogenated derivatives of aromatic hydrocarbons increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports soared to $X in 2021. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest aromatic hydrocarbons derivatives supplier to South Africa, accounting for a 89% share of total imports. Moreover, aromatic hydrocarbons derivatives imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +4.0%.

In value terms, India ($X) and China ($X) were the largest aromatic hydrocarbons derivatives suppliers to South Africa.

In terms of the main suppliers, China, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average aromatic hydrocarbons derivatives import price amounted to $X per ton, surging by 5.7% against the previous year. Overall, the import price, however, recorded a abrupt descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%).

Source: IndexBox Platform

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