Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (CIF) - 2023
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (CIF) - 2023
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $926 per ton in December 2023, reducing by -35.4% against the previous month. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in November 2023 an increase of 60% m-o-m. The import price peaked at $2,184 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Saudi Arabia ($961 per ton) and South Korea ($935 per ton), while the price for Belgium ($824 per ton) and the United States ($917 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $3,240 per ton in 2022, rising by 185% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price reached 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 Swaziland.
From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +14.5% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; vinyl acetates imported into South Africa declined to 2.6K tons, with a decrease of -10.5% against the previous year's figure. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $6M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 564 | 401 | 1,354 | 3,255 | 79.4% |
| Singapore | N/A | N/A | N/A | 980 | 0% |
| China | 1,406 | 1,048 | 1,046 | 797 | -17.2% |
| South Korea | N/A | 84.3 | 1,152 | 380 | 112.3% |
| Germany | 0.4 | 0.1 | 52.2 | 283 | 791.1% |
| Belgium | N/A | N/A | 216 | 213 | -1.4% |
| United Arab Emirates | 462 | N/A | N/A | 55.7 | -50.6% |
| Taiwan (Chinese) | 58.2 | 296 | 193 | N/A | 82.1% |
| Netherlands | 114 | 88.4 | 602 | N/A | 129.8% |
| Saudi Arabia | 253 | 434 | N/A | N/A | 71.5% |
| Others | N/A | 94.5 | N/A | N/A | 0% |
| Total | 2,857 | 2,447 | 4,617 | 5,962 | 27.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to South Africa in 2022:
- United States (1391.6 tons)
- Singapore (466.0 tons)
- China (325.7 tons)
- South Korea (192.2 tons)
- Germany (126.7 tons)
- Belgium (86.8 tons)
- United Arab Emirates (22.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa
Exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates from South Africa shrank dramatically to 25 kg in 2022, falling by 99.9% on 2021 figures. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 332%. As a result, the exports reached the peak of 97 tons, and then reduced sharply in the following year.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; vinyl acetates dropped dramatically to $81 in 2022. In general, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 450% against the previous year. As a result, the exports attained the peak of $110K, and then dropped dramatically in the following year.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | N/A | N/A | N/A | 0.1 | 0% |
| Zimbabwe | 4.9 | N/A | 0.8 | N/A | -59.6% |
| Malaysia | 17.2 | 20.1 | 37.8 | N/A | 48.2% |
| Egypt | 27.5 | N/A | 33.4 | N/A | 10.2% |
| Others | 4.0 | N/A | 38.4 | N/A | 209.8% |
| Total | 53.6 | 20.1 | 110 | 0.1 | -87.7% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate from South Africa in 2022:
- Swaziland (25.0 kg)
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