South Africa: Amino-Resin Market 2024

Amino-Resin Market Size in South Africa

In 2022, the South African amino-resin market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Amino-Resin Exports

Exports from South Africa

In 2022, approx. X tons of amino-resins, phenolic resins and polyurethanes (in primary forms) were exported from South Africa; reducing by X% compared with 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, amino-resin exports contracted remarkably to $X in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for amino-resin exports from South Africa, accounting for a X% share of total exports. Moreover, amino-resin exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. Malawi (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Malawi (X% per year).

In value terms, Zambia ($X), Zimbabwe ($X) and Angola ($X) were the largest markets for amino-resin exported from South Africa worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Angola, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average amino-resin export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated notable growth 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, amino-resin export price increased by X% against 2013 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Amino-Resin Imports

Imports into South Africa

In 2022, purchases abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, amino-resin imports rose markedly to $X in 2022. Overall, total imports indicated buoyant 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of amino-resin imports to South Africa, with a combined X% share of total imports. Saudi Arabia, Belgium, Italy, Spain, South Korea, the UK, Portugal, Singapore, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin suppliers to South Africa were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Belgium, Saudi Arabia, India, the UK, South Korea, Portugal, Spain, the United States, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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