Report Update Nov 1, 2024

South Africa - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Salicylic Acid Market 2024

Salicylic Acid Market Size in South Africa

The South African salicylic acid market soared to $X in 2021, picking up by 235% 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 continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Salicylic Acid Exports

Exports from South Africa

In 2021, the amount of salicylic acid and its salts exported from South Africa shrank dramatically to X kg, declining by -88.6% against 2020. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 1,810%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, salicylic acid exports reduced notably to $X in 2021. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when exports increased by 742%. The exports peaked at $X in 2020, and then shrank markedly in the following year.

Exports by Country

Zambia (X kg), Mozambique (X kg) and Namibia (X kg) were the main destinations of salicylic acid exports from South Africa, with a combined 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +28.3%), while shipments for the other leaders experienced a decline.

In value terms, Mozambique ($X), Namibia ($X) and Botswana ($X) appeared to be the largest markets for salicylic acid exported from South Africa worldwide, with a combined 83% share of total exports.

Mozambique, with a CAGR of +8.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average salicylic acid export price amounted to $X per ton, falling by -22.3% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 94% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Salicylic Acid Imports

Imports into South Africa

In 2021, approx. X tons of salicylic acid and its salts were imported into South Africa; growing by 315% compared with 2020. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, salicylic acid imports soared to $X in 2021. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest salicylic acid supplier to South Africa, with a 83% share of total imports. Moreover, salicylic acid imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and India (+49.7% per year).

In value terms, China ($X) constituted the largest supplier of salicylic acid and its salts to South Africa, comprising 72% of total imports. The second position in the ranking was taken by France ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +40.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.6% per year) and India (+45.7% per year).

Import Prices by Country

The average salicylic acid import price stood at $X per ton in 2021, declining by -39.7% against the previous year. In general, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2020 an increase of 11%. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salicylic acid and its salts in the world?

India remains the largest salicylic acid consuming country worldwide, accounting for 42% of total volume. Moreover, salicylic acid consumption in India exceeded the figures recorded by the second-largest consumer, Spain, sixfold. The third position in this ranking was occupied by Mexico, with a 6.8% share.

What are the largest producers of salicylic acid and its salts in the world?

The country with the largest volume of salicylic acid production was China, comprising approx. 86% of total volume. Moreover, salicylic acid production in China exceeded the figures recorded by the second-largest producer, Spain, tenfold.

What are the leading suppliers of salicylic acid and its salts to South Africa?

In value terms, France constituted the largest supplier of salicylic acid to South Africa, comprising 59% of total imports. The second position in the ranking was occupied by China, with a 25% share of total imports. It was followed by Belgium, with an 8.8% share.

What are the leading importers of salicylic acid and its salts from South Africa?

In value terms, Namibia emerged as the key foreign market for salicylic acid exports from South Africa, comprising 85% of total exports. The second position in the ranking was occupied by Zimbabwe, with a 7.6% share of total exports. It was followed by Botswana, with a 3.7% share.

What is the average export price for salicylic acid and its salts in South Africa?

In 2020, the average salicylic acid export price amounted to $2,859 per ton, with a decrease of -27.2% against the previous year.

What is the average import price for salicylic acid and its salts in South Africa?

The average salicylic acid import price stood at $4,798 per ton in 2020, rising by 11% against the previous year.

This report provides an in-depth analysis of the salicylic acid market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21101030 - Salicylic acid and its salts

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023