South Africa: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in South Africa

The South African synthetic organic colouring matters market contracted sharply to $X in 2022, reducing by -18.3% 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, consumption recorded a abrupt decrease. Synthetic organic colouring matters consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from South Africa

In 2022, shipments abroad of other synthetic organic colouring matters decreased by -13.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, synthetic organic colouring matters exports rose markedly to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.2% against 2018 indices. The growth pace was the most rapid in 2016 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons), Zambia (X tons) and Namibia (X tons) were the main destinations of synthetic organic colouring matters exports from South Africa, with a combined 34% 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 Hong Kong SAR (with a CAGR of +242.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic organic colouring matters exported from South Africa were the Netherlands ($X), the United States ($X) and Zambia ($X), with a combined 33% share of total exports. Swaziland, Zimbabwe, Japan, Namibia, Botswana, Kenya, Nigeria, Ghana, Mozambique and Hong Kong SAR lagged somewhat behind, together accounting for a further 45%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +216.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average synthetic organic colouring matters export price amounted to $X per ton, jumping by 22% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Hong Kong SAR ($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 Mozambique (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Organic Colouring Matters

Imports into South Africa

In 2022, approx. X tons of other synthetic organic colouring matters were imported into South Africa; reducing by -20.9% compared with 2021 figures. Overall, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports contracted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Sweden (X tons) were the main suppliers of synthetic organic colouring matters imports to South Africa, with a combined 76% share of total imports. Germany, Italy, South Korea, Turkey, Spain, the United States and the UK lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +48.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Germany ($X) constituted the largest synthetic organic colouring matters suppliers to South Africa, together accounting for 68% of total imports. Italy, the United States, Sweden, South Korea, the UK, Spain and Turkey lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Turkey, with a CAGR of +40.7%, saw the highest growth rate of 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 synthetic organic colouring matters import price stood at $X per ton in 2022, increasing by 15% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, synthetic organic colouring matters import price decreased by -14.3% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 78% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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