Price for Alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives in South Africa - 2023

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa (CIF) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa (FOB) - 2023
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa (CIF) - 2022

The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $7,576 per ton in 2022, surging by 11% against the previous year. Overall, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum at $9,048 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($21,736 per ton), while the price for the Netherlands ($3,693 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa (FOB) - 2023

The average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $5,998 per ton in December 2023, falling by -71.5% against the previous month. Over the period under review, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 359% m-o-m. As a result, the export price reached the peak level of $35,990 per ton. From February 2023 to December 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Swaziland ($14,442 per ton), while the average price for exports to China totaled $3,373 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+68.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa

In 2022, approx. 1.1K tons of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses were imported into South Africa; reducing by -2.1% compared with 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 88%.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses totaled $8.5M in 2022. Overall, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +64.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to South Africa in 2022:

1. China (747.5 tons)
2. India (251.8 tons)
3. Germany (63.2 tons)
4. Netherlands (29.0 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in South Africa

After three years of growth, overseas shipments of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -41.4% to 221 tons in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. As a result, the exports reached the peak of 377 tons, and then plummeted in the following year.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses declined notably to $1.4M in 2022. Overall, exports, however, showed a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 302%. As a result, the exports attained the peak of $4M, and then contracted remarkably in the following year.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from South Africa in 2022:

1. Botswana (123.1 tons)
2. Zimbabwe (32.8 tons)
3. Swaziland (31.7 tons)
4. Kenya (9.5 tons)
5. Zambia (9.3 tons)
6. Mozambique (5.6 tons)
7. Angola (5.2 tons)
8. Namibia (1.2 tons)
9. Democratic Republic of the Congo (0.1 tons)

Source: IndexBox Market Intelligence Platform