South Africa: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in South Africa

The South African industrial fatty alcohols market soared to $X in 2021, jumping by 15% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.1% against 2017 indices. Industrial fatty alcohols consumption peaked in 2021 and is expected to retain growth in the immediate term.

Industrial Fatty Alcohols Production in South Africa

In value terms, industrial fatty alcohols production expanded significantly to $X in 2021 estimated in export price. In general, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. Industrial fatty alcohols production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Industrial Fatty Alcohols Exports

Exports from South Africa

Industrial fatty alcohols exports from South Africa shrank slightly to X tons in 2021, which is down by -2.6% on 2020. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial fatty alcohols exports surged to $X in 2021. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 37%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for industrial fatty alcohols exports from South Africa, with a 57% share of total exports. Moreover, industrial fatty alcohols exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by Singapore (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-12.0% per year) and Singapore (+32.3% per year).

In value terms, the United States ($X) remains the key foreign market for industrial fatty alcohols exports from South Africa, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by Singapore, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-19.8% per year) and Singapore (+18.5% per year).

Export Prices by Country

In 2021, the average industrial fatty alcohols export price amounted to $X per ton, with an increase of 19% against the previous year. In general, the export price, however, recorded a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Singapore ($X per ton) and the United States ($X per ton), while the average price for exports to Belgium ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-8.8%), while the prices for the other major destinations experienced a decline.

Industrial Fatty Alcohols Imports

Imports into South Africa

In 2021, imports of industrial fatty alcohols into South Africa fell sharply to X tons, declining by -19.1% compared with the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 23%. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, industrial fatty alcohols imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of industrial fatty alcohols to South Africa, accounting for a 49% share of total imports. Moreover, industrial fatty alcohols imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.8% per year) and Thailand (+9.2% per year).

In value terms, India ($X) constituted the largest supplier of industrial fatty alcohols to South Africa, comprising 47% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 16% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-7.0% per year) and Thailand (+7.5% per year).

Import Prices by Country

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, rising by 45% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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