South Africa - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in South Africa - 2023
Contents:
- Isocyanates Price in South Africa (CIF) - 2023
- Isocyanates Price in South Africa (FOB) - 2022
- Isocyanates Imports in South Africa
- Isocyanates Exports in South Africa
Isocyanates Price in South Africa (CIF) - 2023
In June 2023, the average isocyanates import price amounted to $2,797 per ton, shrinking by -24.1% against the previous month. In general, import price indicated a modest increase from July 2022 to June 2023: its price increased at an average monthly rate of +1.2% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, isocyanates import price increased by +26.7% against March 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 49% against the previous month. As a result, import price attained the peak level of $3,685 per ton, and then contracted rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,097 per ton), while the price for Saudi Arabia ($1,879 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Hungary (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Isocyanates Price in South Africa (FOB) - 2022
In 2022, the average isocyanates export price amounted to $2,769 per ton, rising by 5.3% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $3,643 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($3,062 per ton), while the average price for exports to Nigeria ($1,762 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 Namibia (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Isocyanates Imports in South Africa
In 2022, the amount of isocyanates imported into South Africa reached 18K tons, picking up by 10% on the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, isocyanates imports surged to $42M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Isocyanates in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 13.1 | 14.2 | 19.4 | 25.1% |
| Saudi Arabia | 7.3 | 4.2 | 8.2 | 11.4 | 16.0% |
| South Korea | 4.1 | 2.2 | 5.9 | 4.7 | 4.7% |
| Germany | 3.5 | 1.9 | 2.0 | 3.9 | 3.7% |
| Others | 3.1 | 2.1 | 3.3 | 2.7 | -4.5% |
| Total | 28.0 | 23.4 | 33.6 | 42.1 | 14.6% |
Top Suppliers of Isocyanates to South Africa in 2022:
- China (8.4K tons)
- Saudi Arabia (5.0K tons)
- South Korea (2.2K tons)
- Germany (1.7K tons)
Isocyanates Exports in South Africa
Isocyanates exports from South Africa soared to 4.9K tons in 2022, jumping by 29% compared with 2021. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, isocyanates exports skyrocketed to $14M in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Isocyanates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1,732 | 1,571 | 3,617 | 4,158 | 33.9% |
| Democratic Republic of the Congo | 453 | 869 | 1,849 | 1,976 | 63.4% |
| Tanzania | 102 | N/A | 194 | 1,771 | 158.9% |
| Zimbabwe | 918 | 973 | 2,303 | 1,584 | 19.9% |
| Nigeria | 220 | 534 | N/A | 884 | 59.0% |
| Algeria | N/A | N/A | N/A | 530 | 0% |
| Namibia | 445 | 333 | 600 | 525 | 5.7% |
| Ghana | 594 | 342 | 277 | 416 | -11.2% |
| Kenya | 297 | 164 | N/A | 336 | 4.2% |
| Angola | 326 | 125 | 210 | 274 | -5.6% |
| Senegal | N/A | 151 | 338 | 259 | 31.0% |
| Others | 673 | 462 | 679 | 924 | 11.1% |
| Total | 5,761 | 5,524 | 10,067 | 13,637 | 33.3% |
Top Export Markets for Isocyanates from South Africa in 2022:
- Zambia (1358.0 tons)
- Democratic Republic of the Congo (704.1 tons)
- Tanzania (646.0 tons)
- Zimbabwe (526.7 tons)
- Nigeria (501.9 tons)
- Algeria (208.7 tons)
- Namibia (183.8 tons)
- Ghana (160.0 tons)
- Kenya (120.2 tons)
- Senegal (120.0 tons)
- Angola (100.0 tons)
This report provides an in-depth analysis of the isocyanates 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 20144450 - Isocyanates
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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This report provides an in-depth analysis of the isocyanates market in South Africa.
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This report provides an in-depth analysis of the global isocyanates market.
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This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
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This report provides an in-depth analysis of the isocyanates market in South Africa.
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This report provides an in-depth analysis of the market for compounds with other nitrogen function in South Africa.
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This report provides an in-depth analysis of the global isocyanates market.
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This report provides an in-depth analysis of the global market for compounds with other nitrogen function.
64
During the period analyzed, imports of Isocyanates peaked at 25K tons in 2014. However, from 2015 to 2023, imports remained at a lower level. In terms of value, Isocyanates imports saw a significant increase, reaching $48M in 2023.
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During the period analyzed, imports of Isocyanates peaked at 25K tons in 2014. However, from 2015 to 2023, imports remained at a lower level. In terms of value, Isocyanates imports saw a significant increase, reaching $48M in 2023.
175
Explore the top import markets for isocyanates based on the import value data provided by the IndexBox market intelligence platform. Discover the key countries and their market statistics.
771
In value terms, nitrile-function compounds imports totaled $X in 2016. Overall, nitrile-function compounds imports continue to indicate a significant descent. Global nitrile-function compounds impo...
1479
In value terms, nitrogen-function compounds imports amounted to $X in 2016. In general, nitrogen-function compounds imports continue to indicate a perceptible descent. Over the period under review,...
