Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa - 2024

Contents:

1. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa (CIF) - 2024
2. Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa (FOB) - 2022
3. Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa
4. Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa (CIF) - 2024

The average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $17,081 per ton in January 2024, surging by 5.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 80% month-to-month. As a result, import price attained the peak level of $24,562 per ton. From May 2023 to January 2024, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was China ($17,748 per ton), while the price for India ($16,741 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa (FOB) - 2022

The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $18,227 per ton in 2022, with a decrease of -10.4% against the previous year. Over the period under review, the export price showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of 90%. The export price peaked at $47,355 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($43,275 per ton), while the average price for exports to Angola ($3,389 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 Zambia (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa

After three years of growth, supplies from abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol decreased by -7.3% to 130 tons in 2022. The total import volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33%.

In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol fell to $2.1M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.

Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to South Africa in 2022:

1. China (52.7 tons)
2. Germany (50.5 tons)
3. India (24.6 tons)

Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in South Africa

In 2022, approx. 52 tons of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol were exported from South Africa; growing by 43% against the year before. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol skyrocketed to $940K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from South Africa in 2022:

1. Swaziland (26.3 tons)
2. Angola (10.7 tons)
3. Zimbabwe (6.3 tons)
4. Kenya (3.5 tons)
5. Zambia (3.2 tons)
6. Namibia (0.8 tons)
7. Malawi (0.3 tons)

Source: IndexBox Market Intelligence Platform