South Africa - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndustrial Stearic Acid Price in South Africa - 2023
Contents:
- Industrial Stearic Acid Price in South Africa (CIF) - 2023
- Industrial Stearic Acid Price in South Africa (FOB) - 2022
- Industrial Stearic Acid Imports in South Africa
- Industrial Stearic Acid Exports in South Africa
Industrial Stearic Acid Price in South Africa (CIF) - 2023
In July 2023, the average industrial stearic acid import price amounted to $1,506 per ton, increasing by 13% against the previous month. In general, the import price, however, showed a noticeable downturn. Over the period under review, average import prices hit record highs at $1,949 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($1,763 per ton), while the price for Indonesia ($1,009 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.7%), while the prices for the other major suppliers experienced a decline.
Industrial Stearic Acid Price in South Africa (FOB) - 2022
In 2022, the average industrial stearic acid export price amounted to $1,350 per ton, falling by -11.1% against the previous year. Overall, the export price faced a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 211%. The export price peaked at $10,001 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 Malawi ($2,511 per ton), while the average price for exports to Zimbabwe ($1,234 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 Lesotho (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Stearic Acid Imports in South Africa
In 2022, approx. 597 tons of industrial stearic acid were imported into South Africa; reducing by -91.3% on 2021. Overall, imports saw a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 3.9%. As a result, imports attained the peak of 6.8K tons, and then dropped notably in the following year.
In value terms, industrial stearic acid imports fell rapidly to $1.2M in 2022. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $9M, and then contracted sharply in the following year.
| Import of Industrial Stearic Acid in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.7 | 0.7 | 0.9 | 0.8 | 4.6% |
| India | 0.7 | 0.2 | 0.1 | 0.1 | -47.7% |
| China | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Argentina | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Malaysia | 4.0 | 5.1 | 7.8 | N/A | 39.6% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 5.5 | 6.2 | 9.0 | 1.2 | -39.8% |
Top Suppliers of Industrial Stearic Acid to South Africa in 2022:
- Indonesia (446.0 tons)
- Argentina (45.0 tons)
- China (38.1 tons)
- India (29.4 tons)
- Malaysia (25.9 tons)
Industrial Stearic Acid Exports in South Africa
In 2022, the amount of industrial stearic acid exported from South Africa surged to 512 tons, rising by 154% compared with the previous year's figure. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, industrial stearic acid exports surged to $691K in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 158%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Industrial Stearic Acid in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 68.5 | 37.1 | 60.9 | 568 | 102.4% |
| Malawi | 20.2 | 20.9 | 26.8 | 38.1 | 23.6% |
| Lesotho | 3.3 | 2.1 | 37.2 | 36.2 | 122.2% |
| Zambia | 25.9 | 8.4 | 164 | 27.5 | 2.0% |
| Others | 34.6 | 50.5 | 18.0 | 21.2 | -15.1% |
| Total | 153 | 119 | 306 | 691 | 65.3% |
Top Export Markets for Industrial Stearic Acid from South Africa in 2022:
- Zimbabwe (460.1 tons)
- Lesotho (17.0 tons)
- Malawi (15.2 tons)
- Zambia (11.4 tons)
This report provides an in-depth analysis of the industrial stearic acid market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143120 - Industrial stearic acid
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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