Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (CIF) - 2024
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses amounted to $2,262 per ton, declining by -7.7% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 13% m-o-m. As a result, import price attained the peak level of $2,583 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($22,932 per ton), while the price for China ($1,820 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+48.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,544 per ton in 2022, shrinking by -2.1% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $22,889 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($4,906 per ton), while the average price for exports to Democratic Republic of the Congo ($1,476 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 the United States (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa
After two years of decline, supplies from abroad of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by 20% to 4K tons in 2022. In general, imports, however, showed a mild descent.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses soared to $10M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 2.3 | 2.9 | 4.3 | 8.1% |
| Belgium | 2.4 | 1.5 | 1.8 | 3.0 | 7.7% |
| China | 0.9 | 1.1 | 1.4 | 1.9 | 28.3% |
| Netherlands | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Others | 0.3 | 0.3 | 0.6 | 0.8 | 38.7% |
| Total | 7.0 | 5.2 | 6.7 | 10.2 | 13.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to South Africa in 2022:
- United States (1908.3 tons)
- Belgium (1141.4 tons)
- China (701.7 tons)
- Netherlands (93.9 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses exported from South Africa surged to 339 tons, increasing by 138% compared with the previous year. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses skyrocketed to $862K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 84.4 | 79.8 | 83.2 | 253 | 44.2% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 209 | 0% |
| Zambia | 121 | 86.4 | 115 | 176 | 13.3% |
| Malawi | 28.1 | 37.7 | 50.0 | 79.0 | 41.1% |
| Kenya | N/A | N/A | 0.5 | 74.1 | 14720.0% |
| Namibia | 26.6 | 46.3 | 22.1 | 40.2 | 14.8% |
| Botswana | 76.7 | 68.3 | 33.1 | 13.1 | -44.5% |
| Others | 26.8 | 29.0 | 65.7 | 17.7 | -12.9% |
| Total | 363 | 348 | 369 | 862 | 33.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters from South Africa in 2022:
- Democratic Republic of the Congo (141.8 tons)
- Zimbabwe (74.3 tons)
- Zambia (61.1 tons)
- Malawi (21.7 tons)
- Kenya (15.1 tons)
- Namibia (13.1 tons)
- Botswana (6.6 tons)
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