Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa - 2024
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa (CIF) - 2022
In 2022, the average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses amounted to $106,623 per ton, growing by 28% against the previous year. Overall, the import price saw strong growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 186%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 ($332,291 per ton), while the price for China ($29,917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa
In 2022, the amount of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses imported into South Africa skyrocketed to 223 kg, growing by 219% against the previous year. Overall, imports, however, faced a significant decline.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses surged to $24K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 377% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.8 | 0.3 | 0.8 | 18.3 | 183.9% |
| Germany | 0.1 | N/A | 1.5 | 3.2 | 217.5% |
| China | 6.8 | N/A | 0.2 | 2.2 | -31.4% |
| Spain | 0.4 | 0.1 | 0.5 | N/A | 11.8% |
| United Kingdom | 3.1 | 0.6 | 1.0 | N/A | -43.2% |
| India | 0.8 | 0.2 | 1.8 | N/A | 50.0% |
| Others | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Total | 12.1 | 1.2 | 5.8 | 23.8 | 25.3% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to South Africa in 2022:
- Germany (90.0 kg)
- China (72.0 kg)
- United States (55.0 kg)
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