South Africa: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in South Africa

After three years of growth, the South African acyclic hydrocarbons market decreased by X% to $X in 2020. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Acyclic hydrocarbons consumption peaked at $X in 2019, and then dropped in the following year.

Acyclic Hydrocarbons Production in South Africa

In value terms, acyclic hydrocarbons production dropped to $X in 2020 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared 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, and then fell in the following year.

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Acyclic Hydrocarbons Exports

Exports from South Africa

In 2020, the amount of acyclic hydrocarbons exported from South Africa reduced slightly to X tons, dropping by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2019, and then declined slightly in the following year.

In value terms, acyclic hydrocarbons exports declined to $X in 2020. Over the period under review, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Singapore (X tons) and Belgium (X tons) were the main destinations of acyclic hydrocarbons exports from South Africa, with a combined X% share of total exports. Thailand, Saudi Arabia, Japan, the United Arab Emirates and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acyclic hydrocarbons exported from South Africa were Singapore ($X), the United States ($X) and Belgium ($X), together accounting for X% of total exports. Thailand, Saudi Arabia, the United Arab Emirates, Japan and Brazil lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average acyclic hydrocarbons export price stood at $X per ton in 2020, falling by X% against the previous year. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into South Africa

For the fourth year in a row, South Africa recorded decline in overseas purchases of acyclic hydrocarbons, which decreased by X% to X tons in 2020. Overall, imports saw a sharp contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports declined dramatically to $X in 2020. Over the period under review, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Israel (X tons) constituted the largest supplier of acyclic hydrocarbons to South Africa, with a X% share of total imports. Moreover, acyclic hydrocarbons imports from Israel exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, the largest acyclic hydrocarbons suppliers to South Africa were China ($X), Israel ($X) and the United States ($X), with a combined X% share of total imports. Germany, Belgium, the Netherlands, Portugal and the UK lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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