SADC: Monocarboxylic Acid Market 2024

Monocarboxylic Acid Market Size in SADC

The SADC monocarboxylic acid market amounted to $X in 2022, approximately reflecting the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Monocarboxylic Acid Production in SADC

In value terms, monocarboxylic acid production declined to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Monocarboxylic Acid Exports

Exports in SADC

In 2022, monocarboxylic acid exports in SADC fell rapidly to X tons, shrinking by X% compared with the previous year's figure. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, monocarboxylic acid exports shrank sharply to $X in 2022. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) was the key exporter of acrylic acid and its salts and other monocarboxylic acid, comprising X% of total exports. Botswana (X tons) held the second position in the ranking, distantly followed by Swaziland (X tons). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Botswana (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest monocarboxylic acid supplying countries in SADC were South Africa ($X), Swaziland ($X) and Botswana ($X), together accounting for X% of total exports.

Botswana, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, waning by X% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Monocarboxylic Acid Imports

Imports in SADC

Monocarboxylic acid imports skyrocketed to X tons in 2022, increasing by X% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, monocarboxylic acid imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the key importer of acrylic acid and its salts and other monocarboxylic acid in SADC, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Zambia (X tons) ranks second in terms of the total imports with a X% share, followed by Botswana (X%), Tanzania (X%) and Angola (X%). The following importers - Swaziland (X tons) and Namibia (X tons) - together made up X% of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%), Botswana (X%), Tanzania (X%), Namibia (X%), Angola (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Zambia, Botswana, Tanzania and Angola increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported acrylic acid and its salts and other monocarboxylic acid in SADC, comprising X% of total imports. The second position in the ranking was held by Botswana ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, monocarboxylic acid imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform