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South Africa - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Alkyd Resins in South Africa Hits Record Low at $1,915 per Ton
South Africa Alkyd Resins Export Price in July 2023
In July 2023, the alkyd resins price amounted to $1,915 per ton (FOB, South Africa), declining by -7.5% against the previous month. In general, the export price showed a perceptible decrease. The pace of growth was the most pronounced in November 2022 when the average export price increased by 12% against the previous month. The export price peaked at $2,597 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In July 2023, the country with the highest price was Malawi ($2,001 per ton), while the average price for exports to Zimbabwe ($1,775 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (0.0%), while the prices for the other major destinations experienced a decline.
![South Africa Alkyd Resins Export Prices By Country (USD Per Ton)](/landing/img/charts/south-africa-alkyd-resins-price-in-july-2023-840w.png)
COUNTRY | Export Price of Alkyd Resins in South Africa (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
Malawi | 2,540 | 2,273 | 2,196 | 2,115 | 2,191 | 2,515 | 2,258 | 2,097 | 2,080 | 2,251 | 1,970 | 1,959 | 2,001 |
Zambia | 2,327 | 2,208 | 2,111 | 2,075 | 2,077 | 18,895 | 2,108 | 2,094 | 1,984 | 2,028 | 1,835 | 1,995 | 1,791 |
Zimbabwe | 2,458 | 2,324 | 1,888 | 1,779 | 2,242 | 2,346 | 2,087 | 2,137 | 2,024 | 1,902 | 1,878 | 1,993 | 1,775 |
Tanzania | N/A | N/A | N/A | 1,818 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average | 2,597 | 2,366 | 2,222 | 1,978 | 2,211 | 2,349 | 2,226 | 2,262 | 2,115 | 2,082 | 1,917 | 2,070 | 1,915 |
South Africa Alkyd Resins Exports
In July 2023, approximately 357 tons of alkyd resins in primary forms were exported from South Africa; picking up by 22% on the previous month's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when exports increased by 143% m-o-m. As a result, the exports attained the peak of 501 tons. From March 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, alkyd resins exports rose rapidly to $684K (IndexBox estimates) in July 2023. Over the period under review, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in February 2023 with an increase of 147% against the previous month. As a result, the exports attained the peak of $1.1M. From March 2023 to July 2023, the growth of the exports failed to regain momentum.
South Africa Alkyd Resins Exports by Country
Zimbabwe (220 tons) was the main destination for alkyd resins exports from South Africa, with a 62% share of total exports. Moreover, alkyd resins exports to Zimbabwe exceeded the volume sent to the second major destination, Zambia (62 tons), fourfold. Botswana (27 tons) ranked third in terms of total exports with a 7.6% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of volume to Zimbabwe totaled +1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Zambia (+4.2% per month) and Botswana (+4.6% per month).
In value terms, Zimbabwe ($390K) remains the key foreign market for alkyd resins exports from South Africa, comprising 57% of total exports. The second position in the ranking was held by Zambia ($112K), with a 16% share of total exports. It was followed by Botswana, with a 12% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of value to Zimbabwe amounted to -1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Zambia (+1.9% per month) and Botswana (+0.3% per month).
This report provides an in-depth analysis of the alkyd resins 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 20164050 - Alkyd resins, in primary forms
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023