Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $3,383 per ton, with an increase of 17% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -18.4% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 68%. As a result, import price reached the peak level of $4,144 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($62,695 per ton), while the price for China ($1,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+38.8%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; esters of formic acids amounted to $1,171 per ton, picking up by 11% against the previous year. Overall, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 60% against the previous year. Over the period under review, the average export prices hit record highs at $2,531 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($1,244 per ton), while the average price for exports to Botswana ($641 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 Zimbabwe (+3.1%), while the prices for the other major destinations experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids imported into South Africa rose significantly to 63 tons, growing by 8.3% against 2021. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 85%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids skyrocketed to $212K in 2022. Overall, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 30%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 66.6 | 61.8 | 76.7 | 83.3 | 7.7% |
| India | 130 | 41.6 | 48.6 | 75.9 | -16.4% |
| China | 12.4 | 7.4 | 27.6 | 22.9 | 22.7% |
| Germany | 21.8 | 13.6 | 11.9 | 18.0 | -6.2% |
| Italy | N/A | N/A | N/A | 6.5 | 0% |
| Others | 4.5 | 4.9 | 2.7 | 5.0 | 3.6% |
| Total | 235 | 129 | 168 | 212 | -3.4% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to South Africa in 2022:
- India (37.7 tons)
- China (12.1 tons)
- Germany (8.5 tons)
- Italy (2.8 tons)
- Australia (1.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; esters of formic acids exported from South Africa surged to 13 tons, picking up by 7,431% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; esters of formic acids soared to $15K in 2022. In general, exports, however, faced a abrupt slump.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 1.2 | 2.1 | N/A | 8.5 | 92.0% |
| Zimbabwe | 3.0 | 3.1 | N/A | 2.7 | -3.5% |
| Zambia | 17.6 | 23.7 | 0.1 | 2.6 | -47.1% |
| Botswana | 1.2 | 1.4 | N/A | 0.7 | -16.4% |
| Others | 0.5 | 1.8 | N/A | 0.5 | 0.0% |
| Total | 23.6 | 32.0 | 0.2 | 14.9 | -14.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid from South Africa in 2022:
- Namibia (7.1 tons)
- Zimbabwe (2.4 tons)
- Zambia (2.1 tons)
- Botswana (1.0 tons)
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