Report Update: May 1, 2024

South Africa - Phenylacetic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights

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Phenylacetic Acid Price in South Africa - 2023

Phenylacetic Acid Price in South Africa (CIF) - 2022

In 2022, the average phenylacetic acid import price amounted to $13,934 per ton, rising by 27% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 34%. As a result, import price reached the peak level of $14,528 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($29,347 per ton), while the price for Italy ($4,106 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Phenylacetic Acid Price in South Africa (FOB) - 2022

In 2022, the average phenylacetic acid export price amounted to $3,533 per ton, surging by 31% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 90%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($8,140 per ton), while the average price for exports to Namibia ($1,803 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 Democratic Republic of the Congo (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Phenylacetic Acid Imports in South Africa

In 2022, approx. 198 tons of phenylacetic acid, its salts and esters were imported into South Africa; picking up by 34% compared with the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 62% against the previous year. As a result, imports attained the peak of 271 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, phenylacetic acid imports skyrocketed to $2.8M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.2% against 2020 indices.

Import of Phenylacetic Acid in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	961	1,435	883	1,348	11.9%
India	862	1,169	316	989	4.7%
Belgium	424	296	153	201	-22.0%
Taiwan (Chinese)	0.1	N/A	12.1	72.1	796.7%
Italy	13.8	19.0	12.6	39.4	41.9%
Others	168	80.5	233	104	-14.8%
Total	2,430	3,000	1,610	2,754	4.3%

Top Suppliers of Phenylacetic Acid to South Africa in 2022:

China (96.3 tons)
India (47.0 tons)
Belgium (29.1 tons)
Taiwan (Chinese) (13.2 tons)
Italy (9.6 tons)

Phenylacetic Acid Exports in South Africa

In 2022, phenylacetic acid exports from South Africa shrank notably to 28 tons, falling by -50.5% on 2021. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 87%. As a result, the exports attained the peak of 56 tons, and then contracted dramatically in the following year.

In value terms, phenylacetic acid exports contracted dramatically to $98K in 2022. In general, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2021 when exports increased by 120% against the previous year. As a result, the exports reached the peak of $151K, and then contracted markedly in the following year.

Export of Phenylacetic Acid in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Zambia	24.5	36.1	84.7	33.1	10.5%
Mozambique	5.2	0.1	6.9	21.4	60.3%
Zimbabwe	12.0	17.9	8.5	19.4	17.4%
Swaziland	15.4	7.6	11.7	11.7	-8.8%
Democratic Republic of the Congo	3.0	0.8	1.6	5.3	20.9%
Namibia	11.6	1.5	27.9	2.8	-37.7%
Botswana	4.3	1.6	3.3	1.1	-36.5%
Mauritius	3.9	N/A	N/A	N/A	0%
Others	11.4	3.2	6.9	3.4	-33.2%
Total	91.3	68.9	151	98.2	2.5%

Top Export Markets for Phenylacetic Acid from South Africa in 2022:

Mozambique (8.9 tons)
Zambia (6.8 tons)
Zimbabwe (4.3 tons)
Swaziland (4.3 tons)
Namibia (1.5 tons)
Democratic Republic of the Congo (0.7 tons)
Botswana (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the phenylacetic 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 20143367 - Phenylacetic acid, its salts and esters
Prodcom 20143370 - Aromatic monocarboxylic acids, (anhydrides), halides, p eroxides, peroxyacids, derivatives excluding benzoic acid, p henylacetic acids their salts/esters, benzoyl peroxide, b enzoyl chloride

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023