South Africa: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in South Africa

The South African market for lauric acid and other acids, their salts and esters skyrocketed to $X in 2021, rising by 50% 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). In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 +39.3% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from South Africa

In 2021, the amount of lauric acid and other acids, their salts and esters exported from South Africa declined to X tons, falling by -14.8% on 2020. In general, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 95%. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters rose to $X in 2021. Overall, exports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 82%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of exports of lauric acid and other acids, their salts and esters from South Africa, with a combined 60% share of total exports. These countries were followed by Ghana, Cote d'Ivoire, Belgium, Malawi and the United Arab Emirates, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +99.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) emerged as the key foreign market for lauric acid and other acids, their salts and esters exports from South Africa, comprising 29% of total exports. The second position in the ranking was held by Ghana ($X), with an 11% share of total exports. It was followed by Cote d'Ivoire, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+103.3% per year) and Cote d'Ivoire (-14.5% per year).

Export Prices by Country

The average export price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the export price, however, showed a drastic downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Namibia ($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 Cote d'Ivoire (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into South Africa

In 2021, imports of lauric acid and other acids, their salts and esters into South Africa rose rapidly to X tons, increasing by 14% on 2020. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Spain (X tons) and Indonesia (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to South Africa, together comprising 51% of total imports. Germany, the United States, Taiwan (Chinese), Austria, the Netherlands, France, Belgium, China, Sweden and India lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +64.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to South Africa, comprising 36% of total imports. The second position in the ranking was taken by Spain ($X), with a 15% share of total imports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.7% per year) and Malaysia (+12.0% per year).

Import Prices by Country

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, rising by 39% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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