SADC: Phenolic Resins Market 2024

Phenolic Resins Market Size in SADC

The SADC phenolic resins market was finally on the rise to reach $X in 2023, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Phenolic Resins Production in SADC

In value terms, phenolic resins production rose notably to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Phenolic Resins Exports

Exports in SADC

In 2023, phenolic resins exports in SADC fell significantly to X tons, which is down by X% on 2022. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, phenolic resins exports contracted markedly to $X in 2023. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. The following exporters - Namibia (X tons) and Angola (X tons) - each reached a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Namibia (X%) and Angola (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Namibia (X p.p.) and Angola (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest phenolic resins supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Angola (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, phenolic resins export price increased by X% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Phenolic Resins Imports

Imports in SADC

In 2023, approx. X tons of phenolic resins in primary forms were imported in SADC; with an increase of X% against the previous year's figure. Overall, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, phenolic resins imports expanded markedly to $X in 2023. In general, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the largest importer of phenolic resins in primary forms in SADC, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Tanzania (X tons) held the second position in the ranking, distantly followed by Angola (X tons). All these countries together held approx. X% share of total imports. The following importers - Malawi (X tons) and Zambia (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, South Africa ($X) constitutes the largest market for imported phenolic resins in primary forms in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Tanzania, with an X% share.

In South Africa, phenolic resins imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, which is down by X% against the previous year. Import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, phenolic resins import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform