South Africa: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in South Africa

The South African heterocyclic compound market contracted rapidly to $X in 2022, declining by X% 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). Overall, consumption, however, showed a perceptible expansion. Heterocyclic compound consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Heterocyclic Compound Exports

Exports from South Africa

In 2022, the amount of heterocyclic compounds exported from South Africa skyrocketed to X tons, rising by X% against the previous year's figure. Over the period under review, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, heterocyclic compound exports stood at $X in 2022. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and India (X tons) were the main destinations of heterocyclic compound exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Germany ($X) and the United States ($X) were the largest markets for heterocyclic compound exported from South Africa worldwide, with a combined X% share of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average heterocyclic compound export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while the average price for exports to Namibia ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heterocyclic Compound Imports

Imports into South Africa

Heterocyclic compound imports into South Africa dropped dramatically to X tons in 2022, which is down by X% compared with the year before. Over the period under review, total imports indicated mild growth 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, heterocyclic compound imports declined remarkably to $X in 2022. Overall, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest heterocyclic compound supplier to South Africa, accounting for a X% share of total imports. Moreover, heterocyclic compound imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of heterocyclic compounds to South Africa, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average heterocyclic compound import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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