Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses stood at $778 per ton in 2022, falling by -12.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $887 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,433 per ton), while the price for Spain ($501 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $974 per ton, which is down by -34% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 208%. As a result, the export price attained the peak level of $2,299 per ton. From 2017 to 2022, the average export prices remained at a somewhat 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 Democratic Republic of the Congo ($4,600 per ton), while the average price for exports to Namibia ($630 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 Angola (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa
In 2022, approx. 2.9K tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were imported into South Africa; with a decrease of -56.5% on the year before. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, imports reached the peak of 6.7K tons, and then contracted markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses reduced sharply to $2.3M in 2022. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 175% against the previous year. As a result, imports attained the peak of $5.9M, and then contracted sharply in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,485 | 830 | 2,636 | 750 | -20.4% |
| Germany | 90.6 | 235 | 295 | 240 | 38.4% |
| India | 107 | 1.6 | 5.0 | 57.9 | -18.5% |
| Spain | 23.8 | 11.1 | 19.7 | 50.4 | 28.4% |
| Others | 1,719 | 1,079 | 2,969 | 1,162 | -12.2% |
| Total | 3,426 | 2,157 | 5,926 | 2,260 | -12.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to South Africa in 2022:
- China (1078.8 tons)
- Germany (167.3 tons)
- Spain (100.6 tons)
- India (75.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa
In 2022, overseas shipments of acids; saturated acyclic monocarboxylic acids; salts of formic acidses decreased by -32.1% to 137 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 103%. As a result, the exports attained the peak of 214 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses dropped sharply to $133K in 2022. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by 143%. As a result, the exports reached the peak of $297K, and then contracted sharply in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 8.4 | 11.2 | 27.5 | 42.1 | 71.1% |
| Namibia | 27.5 | 34.0 | 26.6 | 15.4 | -17.6% |
| Angola | N/A | 12.9 | N/A | 7.1 | -25.8% |
| Zambia | N/A | 1.6 | 30.1 | 0.2 | -64.6% |
| Malawi | N/A | N/A | 28.9 | N/A | 0% |
| Mozambique | N/A | N/A | 28.2 | N/A | 0% |
| Others | 44.2 | 62.2 | 155 | 68.1 | 15.5% |
| Total | 80.1 | 122 | 297 | 133 | 18.4% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from South Africa in 2022:
- Zimbabwe (50.9 tons)
- Namibia (24.5 tons)
- Angola (7.5 tons)
- Zambia (0.1 tons)
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