Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (CIF) - 2024
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (FOB) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa
- Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (CIF) - 2024
In July 2023, the average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $1,097 per ton, rising by 24% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 33% against the previous month. Over the period under review, average import prices hit record highs at $1,101 per ton in January 2023; afterwards, it flattened through to July 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to July 2023, the rate of growth in terms of prices for China amounted to -0.1% per month.
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (FOB) - 2022
In 2022, the average export price for acids; aromatic polycarboxylic acids; phthalic anhydrides amounted to $2,323 per ton, growing by 59% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Zimbabwe.
From 2012 to 2022, the rate of growth in terms of prices for Zimbabwe amounted to +1.0% per year.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; phthalic anhydrides increased by 662% to 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced decrease.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides surged to $1.6M in 2022. Overall, imports, however, continue to indicate a abrupt contraction.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 513 | 70.1 | 28.0 | 916 | 21.3% |
| China | 819 | 340 | 116 | 548 | -12.5% |
| Taiwan (Chinese) | 83.1 | 40.3 | 15.2 | 153 | 22.6% |
| Hong Kong SAR | 32.5 | 42.5 | N/A | N/A | 30.8% |
| Russia | 84.9 | 20.4 | N/A | N/A | -76.0% |
| India | 654 | 121 | N/A | N/A | -81.5% |
| Israel | N/A | 27.8 | 62.7 | N/A | 125.5% |
| Others | 1.6 | 48.9 | 20.0 | 0.6 | -27.9% |
| Total | 2,189 | 712 | 242 | 1,617 | -9.6% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to South Africa in 2022:
- South Korea (1213.9 tons)
- China (661.7 tons)
- Taiwan (Chinese) (183.5 tons)
Exports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa
After three years of growth, overseas shipments of acids; aromatic polycarboxylic acids; phthalic anhydrides decreased by -90.2% to 10 tons in 2022. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 53%.
In value terms, exports of acids; aromatic polycarboxylic acids; phthalic anhydrides reduced sharply to $23K in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $150K, and then dropped notably in the following year.
| Export of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 62.6 | 92.6 | 150 | 23.2 | -28.2% |
| Zambia | 11.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 74.4 | 92.6 | 150 | 23.2 | -32.2% |
Top Export Markets for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride from South Africa in 2022:
- Zimbabwe (10.0 tons)
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