SADC: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in SADC

In 2023, the SADC market for lauric acid and other acids, their salts and esters decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in SADC

In value terms, production of lauric acid and other acids, their salts and esters totaled $X in 2023 estimated in export price. The total production indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports in SADC

In 2023, approx. X tons of lauric acid and other acids, their salts and esters were exported in SADC; declining by X% against the previous year. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of lauric acid and other acids, their salts and esters reduced rapidly to $X in 2023. In general, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates esters structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Zimbabwe (X tons), comprising a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zimbabwe (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zimbabwe (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest lauric acid and other acids, their salts and esters supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%).

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports in SADC

In 2023, supplies from abroad of lauric acid and other acids, their salts and esters decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2022, and then declined rapidly in the following year.

In value terms, imports of lauric acid and other acids, their salts and esters declined significantly to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

South Africa prevails in esters structure, resulting at X tons, which was near X% of total imports in 2023. Democratic Republic of the Congo (X tons) ranks second in terms of the total imports with a X% share, followed by Zimbabwe (X%). Mauritius (X tons), Tanzania (X tons), Angola (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to lauric acid and other acids, their salts and esters imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Zimbabwe (X%), Mauritius (X%), Namibia (X%), Angola (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Democratic Republic of the Congo, Zimbabwe and Mauritius increased by 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 ($X) constitutes the largest market for imported lauric acid and other acids, their salts and esters in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tanzania ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 import price figures.

Source: IndexBox Platform