SADC: Epoxide Resin Market 2024

Epoxide Resin Market Size in SADC

The SADC epoxide resin market declined modestly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated slight 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 at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Epoxide Resin Production in SADC

In value terms, epoxide resin production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Epoxide Resin Exports

Exports in SADC

In 2022, epoxide resin exports in SADC skyrocketed to X tons, rising by X% on 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, epoxide resin exports soared to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from South Africa (X tons), together amounting to X% of total export.

South Africa was also the fastest-growing in terms of the epoxide resins exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest epoxide resin supplier in SADC.

In South Africa, epoxide resin exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Epoxide Resin Imports

Imports in SADC

In 2022, approx. X tons of epoxide resins were imported in SADC; which is down by X% against the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, epoxide resin imports amounted to $X in 2022. Total imports indicated mild 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%) and Zambia (X%). The following importers - Tanzania (X tons), Botswana (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, Namibia (X%), Zambia (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Tanzania experienced a relatively flat trend pattern. By contrast, Angola (X%) and Botswana (X%) illustrated a downward trend over the same period. While the share of Democratic Republic of the Congo (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported epoxide resins in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price 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, epoxide resin import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Africa ($X per ton) and Tanzania ($X per ton), while Zambia ($X per ton) and Namibia ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform