SADC: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in SADC

In 2022, the SADC tall oil fatty acids market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a moderate expansion. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Production of Industrial Tall Oil Fatty Acids in SADC

In value terms, tall oil fatty acids production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports in SADC

In 2022, overseas shipments of industrial tall oil fatty acids were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, tall oil fatty acids exports soared to $X in 2022. Over the period under review, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the main exporter of industrial tall oil fatty acids, generating X% of total exports. It was distantly followed by Mozambique (X tons), constituting a X% share of total exports.

South Africa was also the fastest-growing in terms of the industrial tall oil fatty acids exports, with a CAGR of X% from 2012 to 2022. Mozambique (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mozambique (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) and Mozambique ($X) appeared to be the countries with the highest levels of exports in 2022.

Mozambique, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%).

Imports of Industrial Tall Oil Fatty Acids

Imports in SADC

After two years of growth, purchases abroad of industrial tall oil fatty acids decreased by X% to X tons in 2022. In general, imports recorded a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, tall oil fatty acids imports fell significantly to $X in 2022. Overall, imports, however, saw notable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

South Africa represented the largest importer of industrial tall oil fatty acids in SADC, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Angola (X tons) and Malawi (X tons), together creating a X% share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Malawi (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Angola (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malawi (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported industrial tall oil fatty acids in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Malawi (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a prominent 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per ton), while Malawi ($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 more modest paces of growth.

Source: IndexBox Platform

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