South Africa: Market for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes 2024

Market Size for Mixed Alkylbenzenes, Mixed Alkylnaphthalenes in South Africa

In 2021, after two years of decline, there was significant growth in the South African mixed alkylbenzenes, mixed alkylnaphthalenes market, when its value increased by 27% to $X. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Exports from South Africa

After two years of decline, overseas shipments of mixed alkylbenzenes, mixed alkylnaphthalenes increased by 600% to X tons in 2021. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,259%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes exports soared to $X in 2021. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 527% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for mixed alkylbenzenes, mixed alkylnaphthalenes exports from South Africa, with a 92% share of total exports. Moreover, mixed alkylbenzenes, mixed alkylnaphthalenes exports to Zimbabwe exceeded the volume sent to the second major destination, Mauritius (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Zimbabwe stood at +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-5.9% per year) and Namibia (-11.9% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for mixed alkylbenzenes, mixed alkylnaphthalenes exports from South Africa, comprising 84% of total exports. The second position in the ranking was held by Mauritius ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-6.5% per year) and Namibia (-16.1% per year).

Export Prices by Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes export price stood at $X per ton in 2021, with a decrease of -50.2% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 167%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Zimbabwe ($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 Zimbabwe (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Alkylbenzenes, Mixed Alkylnaphthalenes

Imports into South Africa

In 2021, the amount of mixed alkylbenzenes, mixed alkylnaphthalenes imported into South Africa expanded notably to X tons, growing by 5.6% compared with 2020. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when imports increased by 13% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, mixed alkylbenzenes, mixed alkylnaphthalenes imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of mixed alkylbenzenes, mixed alkylnaphthalenes imports to South Africa, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +59.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Saudi Arabia ($X) and China ($X) constituted the largest mixed alkylbenzenes, mixed alkylnaphthalenes suppliers to South Africa, with a combined 97% share of total imports.

China, with a CAGR of +56.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mixed alkylbenzenes, mixed alkylnaphthalenes import price stood at $X per ton in 2021, rising by 33% against the previous year. Overall, the import price, however, recorded a pronounced descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and China ($X per ton), while the price for Saudi Arabia ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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