South Africa: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in South Africa

The South African reaction initiators and accelerators market skyrocketed to $X in 2022, growing by 100% against the previous year. In general, consumption recorded a strong increase. Reaction initiators and accelerators consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in South Africa

In value terms, reaction initiators and accelerators production expanded significantly to $X in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 82%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from South Africa

In 2022, shipments abroad of reaction initiators, reaction accelerators and catalytic preparations decreased by -70.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of 201%. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, reaction initiators and accelerators exports contracted remarkably to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 267%. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for reaction initiators and accelerators exports from South Africa, accounting for a 41% share of total exports. Moreover, reaction initiators and accelerators 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 taken by the UK (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.3% per year) and the UK (+128.3% per year).

In value terms, the largest markets for reaction initiators and accelerators exported from South Africa were Germany ($X), the United States ($X) and the UK ($X), with a combined 72% share of total exports. The Netherlands, Turkey, Canada, China, Japan, Zambia, Qatar, Democratic Republic of the Congo and Australia lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Turkey, with a CAGR of +135.8%, recorded the highest growth rate of 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 reaction initiators and accelerators export price amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Qatar ($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 the Netherlands (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into South Africa

After three years of decline, purchases abroad of reaction initiators, reaction accelerators and catalytic preparations increased by 40% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports surged to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +110.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X tons) were the main suppliers of reaction initiators and accelerators imports to South Africa, with a combined 55% share of total imports. The United States, Canada, South Korea, Poland, Belgium, India, the Netherlands, Austria and Sweden lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +115.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to South Africa, comprising 30% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic totaled +110.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.4% per year) and Poland (+111.8% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, with a decrease of -6% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, reaction initiators and accelerators import price increased by +90.2% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 49%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for South Korea ($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 Netherlands (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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