SADC: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in SADC

The SADC saturated acyclic monocarboxylic acids market dropped to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Saturated Acyclic Monocarboxylic Acids in SADC

In value terms, saturated acyclic monocarboxylic acids production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports in SADC

In 2023, overseas shipments of saturated acyclic monocarboxylic acids increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids exports dropped remarkably to $X in 2023. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of saturated acyclic monocarboxylic acids, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the saturated acyclic monocarboxylic acids exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest saturated acyclic monocarboxylic acids supplier in SADC.

In South Africa, saturated acyclic monocarboxylic acids exports contracted by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports in SADC

In 2023, saturated acyclic monocarboxylic acids imports in SADC contracted to X tons, remaining relatively unchanged against the year before. The total import volume 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, saturated acyclic monocarboxylic acids imports reduced dramatically to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value 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. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then declined markedly in the following year.

Imports by Country

South Africa prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. Tanzania (X tons) took the second position in the ranking, followed by Angola (X tons). All these countries together held near X% share of total imports. The following importers - Mauritius (X tons), Democratic Republic of the Congo (X tons), Zimbabwe (X tons) and Zambia (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Democratic Republic of the Congo (X%), Mauritius (X%), Zimbabwe (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Angola experienced a relatively flat trend pattern. By contrast, Zambia (X%) illustrated a downward trend over the same period. Democratic Republic of the Congo (X p.p.), Mauritius (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total imports, while Zambia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported saturated acyclic monocarboxylic acids in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then declined markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Zimbabwe ($X per ton) and Zambia ($X per ton), while Democratic Republic of the Congo ($X per ton) and South Africa ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform