Waxes; Artificial, Prepared Price in South Africa - 2023
Contents:
- Waxes; Artificial, Prepared Price in South Africa (CIF) - 2022
- Waxes; Artificial, Prepared Price in South Africa (FOB) - 2022
- Waxes; Artificial, Prepared Imports in South Africa
- Waxes; Artificial, Prepared Exports in South Africa
Waxes; Artificial, Prepared Price in South Africa (CIF) - 2022
In 2022, the average waxes; artificial, prepared import price amounted to $2,920 per ton, remaining constant against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 an increase of 14%. Over the period under review, average import prices attained the peak figure at $3,492 per ton in 2012; however, from 2013 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 the UK ($5,996 per ton), while the price for China ($1,486 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in South Africa (FOB) - 2022
The average waxes; artificial, prepared export price stood at $2,666 per ton in 2022, picking up by 16% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19%. As a result, the export price attained the peak level of $3,165 per ton. From 2018 to 2022, the average export prices remained at a 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 Mozambique ($3,618 per ton), while the average price for exports to India ($1,073 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 Mozambique (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in South Africa
Waxes; artificial, prepared imports into South Africa dropped markedly to 2.9K tons in 2022, with a decrease of -47.4% on the previous year. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. As a result, imports attained the peak of 5.5K tons, and then reduced markedly in the following year.
In value terms, waxes; artificial, prepared imports fell dramatically to $8.4M in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 44%. As a result, imports attained the peak of $16M, and then reduced remarkably in the following year.
| Import of Waxes; Artificial, Prepared in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.2 | 1.4 | 2.3 | 2.2 | 22.4% |
| Denmark | 1.9 | 1.2 | 2.1 | 1.9 | 0.0% |
| Singapore | 0.7 | 0.8 | 1.3 | 1.2 | 19.7% |
| India | 0.6 | 0.4 | 0.5 | 0.7 | 5.3% |
| Italy | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| France | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Poland | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Germany | 3.8 | 3.1 | 4.4 | N/A | 7.6% |
| China | 0.4 | 0.3 | 0.8 | N/A | 41.4% |
| United States | 2.3 | 2.0 | 2.1 | N/A | -4.4% |
| Others | 1.2 | 1.0 | 1.6 | 1.2 | 0.0% |
| Total | 13.0 | 11.0 | 15.9 | 8.4 | -13.5% |
Top Suppliers of Waxes; Artificial, Prepared to South Africa in 2022:
- Spain (1068.6 tons)
- Denmark (763.7 tons)
- Singapore (276.0 tons)
- India (252.7 tons)
- Poland (112.2 tons)
- Italy (76.7 tons)
- France (67.5 tons)
- United States (1.0 tons)
- Germany (0.3 tons)
- China (0.1 tons)
Waxes; Artificial, Prepared Exports in South Africa
In 2022, after three years of growth, there was decline in shipments abroad of waxes; artificial, prepared, when their volume decreased by -0.8% to 6K tons. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
In value terms, waxes; artificial, prepared exports skyrocketed to $16M in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 46%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Waxes; Artificial, Prepared in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 5.9 | 6.4 | 9.2 | 63.6% |
| Germany | 0.2 | 0.4 | 1.2 | 1.1 | 76.5% |
| Zimbabwe | 1.0 | 0.4 | 1.0 | 1.0 | 0.0% |
| Malawi | 0.6 | 0.8 | 0.6 | 0.9 | 14.5% |
| Taiwan (Chinese) | 0.1 | 0.4 | 0.4 | 0.6 | 81.7% |
| Zambia | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| India | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| South Korea | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Egypt | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Others | 2.9 | 2.5 | 3.7 | 2.5 | -4.8% |
| Total | 7.5 | 11.0 | 14.0 | 16.1 | 29.0% |
Top Export Markets for Waxes; Artificial, Prepared from South Africa in 2022:
- United States (3522.9 tons)
- Zimbabwe (512.5 tons)
- Germany (407.5 tons)
- Malawi (265.4 tons)
- Taiwan (Chinese) (197.3 tons)
- India (196.4 tons)
- Zambia (135.5 tons)
- South Korea (102.8 tons)
- Egypt (19.6 tons)
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