SADC: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in SADC

The SADC salts of acetic acid market contracted markedly to $X in 2023, which is down by X% against the previous year. Overall, consumption saw a slight decline. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Salts Of Acetic Acid in SADC

In value terms, salts of acetic acid production fell slightly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports in SADC

In 2023, the amount of salts of acetic acid exported in SADC contracted to X tons, reducing by X% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, salts of acetic acid exports shrank slightly to $X in 2023. Total exports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) was the largest exporter of salts of acetic acid in SADC, constituting X% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of salts of acetic acid. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest salts of acetic acid supplier in SADC.

In South Africa, salts of acetic acid exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, salts of acetic acid export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Salts Of Acetic Acid

Imports in SADC

Salts of acetic acid imports fell markedly to X tons in 2023, reducing by X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, salts of acetic acid imports contracted significantly to $X in 2023. Total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, recording X tons, which was approx. X% of total imports in 2023. Zambia (X tons), Botswana (X tons) and Democratic Republic of the Congo (X tons) held a minor share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Botswana (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Zambia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Zambia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, salts of acetic acid imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, flattening at the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell modestly in the following year.

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 Zambia ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform