South Africa: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in South Africa

After two years of growth, the South African rosin and resin acids market decreased by X% to $X in 2022. In general, consumption saw a perceptible decrease. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from South Africa

In 2022, the amount of rosin and resin acids and derivatives exported from South Africa surged to X tons, with an increase of X% on the year before. Over the period under review, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, rosin and resin acids exports surged to $X in 2022. In general, exports, however, recorded a mild setback. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Zambia (X tons), Namibia (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of rosin and resin acids exports from South Africa, with a combined X% share of total exports. Australia, Vietnam, Zimbabwe, Chile and Malawi lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Vietnam ($X) and Australia ($X) were the largest markets for rosin and resin acids exported from South Africa worldwide, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rosin and resin acids export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 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 Vietnam ($X per ton), while the average price for exports to Chile ($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 Malawi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rosin And Resin Acids And Derivatives

Imports into South Africa

In 2022, the amount of rosin and resin acids and derivatives imported into South Africa contracted slightly to X tons, approximately reflecting 2021 figures. Overall, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, rosin and resin acids imports reached $X in 2022. In general, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of rosin and resin acids to South Africa, accounting for a X% share of total imports. Moreover, rosin and resin acids imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Sweden (X% per year).

In value terms, Brazil ($X), the United States ($X) and China ($X) constituted the largest rosin and resin acids suppliers to South Africa, with a combined X% share of total imports. Sweden, France, India, Belgium, the Netherlands, Taiwan (Chinese) and Finland lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, India, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Taiwan (Chinese) ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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