Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa - 2024

Contents:

1. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa (CIF) - 2022
2. Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa (FOB) - 2022
3. Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa
4. Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa (CIF) - 2022

In 2022, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $2,447 per ton, jumping by 20% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($4,855 per ton), while the price for Taiwan (Chinese) ($1,133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa (FOB) - 2022

In 2022, the average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $1,875 per ton, increasing by 11% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2018 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the maximum at $3,458 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($2,973 per ton), while the average price for exports to Swaziland ($1,161 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 China (+69.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa

Imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses into South Africa contracted notably to 3.1K tons in 2022, which is down by -15.7% compared with 2021. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of 3.7K tons, and then shrank notably in the following year.

In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $7.7M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to South Africa in 2022:

1. China (1148.2 tons)
2. France (536.3 tons)
3. Taiwan (Chinese) (312.5 tons)
4. Germany (243.1 tons)
5. Netherlands (232.7 tons)
6. United States (224.9 tons)
7. South Korea (153.9 tons)
8. Brazil (74.0 tons)
9. Japan (74.0 tons)
10. Hong Kong SAR (29.5 tons)

Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in South Africa

For the fourth consecutive year, South Africa recorded growth in overseas shipments of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, which increased by 118% to 386 tons in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 257% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses skyrocketed to $724K in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 187% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from South Africa in 2022:

1. Namibia (355.6 tons)
2. Zimbabwe (19.2 tons)
3. Malawi (5.4 tons)
4. Zambia (3.4 tons)

Source: IndexBox Market Intelligence Platform