Price for Pectic Substances; Pectinates and Pectates in South Africa - 2023

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in South Africa (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in South Africa (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in South Africa
4. Exports of Pectic Substances; Pectinates and Pectates in South Africa

Price for Pectic Substances; Pectinates and Pectates in South Africa (CIF) - 2022

The average import price for pectic substances; pectinates and pectateses stood at $11,016 per ton in 2022, picking up by 177% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The import price peaked at $11,755 per ton in 2018; however, from 2019 to 2022, 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 Brazil ($15,802 per ton), while the price for Switzerland ($8,242 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in South Africa (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $12,006 per ton, falling by -29.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $17,731 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($19,859 per ton), while the average price for exports to China ($9,081 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 Zimbabwe (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in South Africa

In 2022, after three years of growth, there was significant decline in supplies from abroad of pectic substances; pectinates and pectateses, when their volume decreased by -49.5% to 466 tons. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 162% against the previous year.

In value terms, pectic substances; pectinates and pectates imports surged to $5.1M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 increased by +87.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Pectic Substances; Pectinates and Pectates to South Africa in 2022:

1. Germany (116.2 tons)
2. Czech Republic (107.9 tons)
3. China (76.6 tons)
4. Italy (60.0 tons)
5. Spain (57.8 tons)
6. Switzerland (20.0 tons)

Exports of Pectic Substances; Pectinates and Pectates in South Africa

In 2022, overseas shipments of pectic substances; pectinates and pectateses were finally on the rise to reach 44 tons after two years of decline. In general, exports, however, continue to indicate a abrupt curtailment.

In value terms, pectic substances; pectinates and pectates exports soared to $533K in 2022. Over the period under review, exports, however, recorded a abrupt downturn.

Top Export Markets for Pectic Substances; Pectinates and Pectates from South Africa in 2022:

1. Zambia (16.4 tons)
2. China (12.4 tons)
3. Swaziland (10.0 tons)
4. Zimbabwe (2.5 tons)
5. Saudi Arabia (1.3 tons)
6. Liberia (1.1 tons)

Source: IndexBox Market Intelligence Platform