South Africa: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in South Africa

The South African aromatic hydrocarbon mixtures market declined to $X in 2022, falling by -5.3% against the previous year. Overall, consumption, however, saw a measured expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Aromatic Hydrocarbon Mixtures Production in South Africa

In value terms, aromatic hydrocarbon mixtures production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Aromatic Hydrocarbon Mixtures Exports

Exports from South Africa

In 2022, aromatic hydrocarbon mixtures exports from South Africa shrank markedly to X tons, dropping by -78% on the previous year's figure. In general, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2013 with an increase of 221%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures exports contracted dramatically to $X in 2022. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2013 with an increase of 259% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for aromatic hydrocarbon mixtures exports from South Africa, accounting for a 97% share of total exports. It was followed by Mozambique (X tons), with a 1.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe amounted to +27.4%.

In value terms, Zimbabwe ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from South Africa, comprising 93% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe stood at +23.4%.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, increasing by 91% against the previous year. Over the period under review, the export price posted a slight increase. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zimbabwe amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (-0.4%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into South Africa

For the third consecutive year, South Africa recorded growth in overseas purchases of naphthalene and other aromatic hydrocarbon mixtures, which increased by 167% to X tons in 2022. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 255% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, aromatic hydrocarbon mixtures imports surged to $X in 2022. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 226%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Tanzania (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to South Africa, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +10,099.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), South Korea ($X) and the United Arab Emirates ($X) were the largest aromatic hydrocarbon mixtures suppliers to South Africa, together comprising 51% of total imports.

Among the main suppliers, Tanzania, with a CAGR of +6,906.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, with a decrease of -12.9% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 37%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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