Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa - 2024
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (CIF) - 2024
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (CIF) - 2024
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,474 per ton in December 2023, with an increase of 7.6% against the previous month. Overall, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in May 2023 when the average import price increased by 10% m-o-m. The import price peaked at $1,707 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to December 2023, the rate of growth in terms of prices for China amounted to -1.2% per month.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (FOB) - 2022
In 2022, the average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,299 per ton, declining by -10.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 67% against the previous year. The export price peaked at $1,852 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($2,338 per ton), while the average price for exports to Mozambique ($104 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 Spain (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa
In 2022, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses into South Africa skyrocketed to 2.2K tons, jumping by 530% against the previous year's figure. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $5.6M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 41.3 | 478 | 897 | 4,993 | 394.5% |
| France | 123 | 240 | 3.4 | 184 | 14.4% |
| Russia | 158 | 96.4 | 14.0 | 118 | -9.3% |
| Netherlands | 129 | 462 | 21.1 | 90.6 | -11.1% |
| Others | 74.0 | 10.6 | 126 | 174 | 33.0% |
| Total | 525 | 1,286 | 1,061 | 5,558 | 119.6% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to South Africa in 2022:
- China (2025.6 tons)
- France (65.0 tons)
- Russia (39.2 tons)
- Netherlands (32.0 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa
In 2022, shipments abroad of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses decreased by -63.6% to 367 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses contracted markedly to $477K in 2022. Over the period under review, exports recorded a precipitous decline. The smallest decline of -5.4% was in 2021.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 447 | 255 | 205 | 184 | -25.6% |
| India | N/A | N/A | N/A | 144 | 0% |
| Spain | 82.8 | 64.9 | 156 | 93.7 | 4.2% |
| Brazil | 461 | 599 | 354 | 31.2 | -59.2% |
| United Arab Emirates | N/A | N/A | N/A | 15.1 | 0% |
| Mozambique | 18.4 | 13.3 | 6.3 | 6.6 | -28.9% |
| Botswana | 2.0 | 1.6 | 5.3 | 1.9 | -1.7% |
| Colombia | 199 | 146 | 285 | N/A | 19.7% |
| Uruguay | 187 | 171 | 278 | N/A | 21.9% |
| Turkey | 246 | 293 | 162 | N/A | -18.8% |
| Others | 4.0 | 5.5 | 11.7 | 1.6 | -26.3% |
| Total | 1,649 | 1,548 | 1,464 | 477 | -33.9% |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from South Africa in 2022:
- India (131.8 tons)
- Argentina (80.0 tons)
- Mozambique (63.0 tons)
- Spain (40.1 tons)
- Brazil (16.0 tons)
- United Arab Emirates (16.0 tons)
- Botswana (12.1 tons)
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