Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Africa - 2024

Contents:

  1. Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (CIF) - 2024
  2. Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (FOB) - 2022
  3. Imports of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa
  4. Exports of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa

Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (CIF) - 2024

The average import price for ketone-phenols and ketones with other oxygen functia stood at $11,931 per ton in July 2023, dropping by -58.4% against the previous month. In general, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 188% m-o-m. As a result, import price attained the peak level of $52,203 per ton. From June 2023 to July 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($69,537 per ton), while the price for China ($11,262 per ton) was amongst the lowest.

From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by India (+17.7%), while the prices for the other major suppliers experienced a decline.

Price for Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (FOB) - 2022

The average export price for ketone-phenols and ketones with other oxygen functia stood at $6,526 per ton in 2022, surging by 13% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $12,198 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($29,000 per ton), while the average price for exports to Zambia ($2,898 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 Kenya (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa

In 2022, supplies from abroad of ketone-phenols and ketones with other oxygen functia decreased by -19.5% to 63 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 1.7% against the previous year. As a result, imports attained the peak of 81 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ketone-phenols and ketones with other oxygen functia surged to $1.1M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5505525761,01022.5%
FranceN/AN/AN/A36.30%
Taiwan (Chinese)N/AN/A40.226.0-35.3%
India22413127.424.0-52.5%
United Kingdom44.751.218.79.8-39.7%
United States1042371972.7-70.4%
SpainN/A38.216.0N/A-58.1%
South KoreaN/AN/A28.4N/A0%
Others64.538.515.710.5-45.4%
Total9861,0489201,1194.3%

Top Suppliers of Ketone-Phenols and Ketones with Other Oxygen Function to South Africa in 2022:

  1. China (52.9 tons)
  2. Taiwan (Chinese) (4.6 tons)
  3. United Kingdom (1.8 tons)
  4. India (1.7 tons)
  5. France (1.3 tons)
  6. United States (0.1 tons)

Exports of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa

In 2022, shipments abroad of ketone-phenols and ketones with other oxygen functia was finally on the rise to reach 4.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ketone-phenols and ketones with other oxygen functia surged to $30K in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline.

Export of Ketone-Phenols and Ketones with Other Oxygen Function in South Africa (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ghana32.333.1N/A17.9-17.9%
ZambiaN/AN/AN/A8.30%
ZimbabweN/AN/A0.91.233.3%
Tanzania6.21.6N/AN/A-74.2%
Others0.20.20.32.5132.1%
Total38.734.91.229.8-8.3%

Top Export Markets for Ketone-Phenols and Ketones with Other Oxygen Function from South Africa in 2022:

  1. Zambia (2.9 tons)
  2. Ghana (1.5 tons)
  3. Zimbabwe (0.2 tons)

Source: IndexBox Market Intelligence Platform

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