South Africa: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in South Africa

The South African polycarboxylic acid market expanded markedly to $X in 2022, increasing by 8.4% 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 noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.2% against 2020 indices. Polycarboxylic acid consumption peaked in 2022 and is expected to retain growth in years to come.

Polycarboxylic Acid Exports

Exports from South Africa

Polycarboxylic acid exports from South Africa declined markedly to X tons in 2022, which is down by -38.1% on 2021 figures. In general, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 106% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, polycarboxylic acid exports reduced markedly to $X in 2022. Overall, exports showed a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 113% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for polycarboxylic acid exports from South Africa, with a 37% share of total exports. Moreover, polycarboxylic acid exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-14.2% per year) and Turkey (+123.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for polycarboxylic acids exports from South Africa, comprising 34% of total exports. The second position in the ranking was taken by Argentina ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+17.6% per year) and Germany (+4.9% per year).

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, increasing by 33% against the previous year. In general, the export price saw a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Spain ($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 Germany (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into South Africa

In 2022, approx. X tons of polycarboxylic acids were imported into South Africa; reducing by -7.6% against 2021 figures. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.6% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 54%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, polycarboxylic acid imports surged to $X in 2022. Overall, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 86%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polycarboxylic acid imports to South Africa, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +60.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of polycarboxylic acids to South Africa, comprising 58% of total imports. The second position in the ranking was held by Thailand ($X), with a 28% share of total imports. It was followed by Taiwan (Chinese), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.6% per year) and Taiwan (Chinese) (+17.1% per year).

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, rising by 26% against the previous year. Over the period under review, the import price, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2021 an increase of 33%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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