Price for Polyphenols; Resorcinol and Its Salts in South Africa - 2023
Contents:
- Price for Polyphenols; Resorcinol and Its Salts in South Africa (CIF) - 2022
- Price for Polyphenols; Resorcinol and Its Salts in South Africa (FOB) - 2022
- Imports of Polyphenols; Resorcinol and Its Salts in South Africa
- Exports of Polyphenols; Resorcinol and Its Salts in South Africa
Price for Polyphenols; Resorcinol and Its Salts in South Africa (CIF) - 2022
In 2022, the average import price for polyphenols; resorcinol and its saltses amounted to $9,748 per ton, rising by 2.6% against the previous year. In general, the import price saw a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 68%. Over the period under review, average import prices attained the maximum at $9,758 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($17,028 per ton), while the price for China ($8,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polyphenols; Resorcinol and Its Salts in South Africa (FOB) - 2022
In 2022, the average export price for polyphenols; resorcinol and its saltses amounted to $12,497 per ton, increasing by 120% against the previous year. Over the period under review, the export price continues to indicate notable growth. The pace of growth appeared the most rapid in 2020 an increase of 164% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($13,116 per ton), while the average price for exports to Zambia totaled $11,322 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.8%), while the prices for the other major destinations experienced a decline.
Imports of Polyphenols; Resorcinol and Its Salts in South Africa
After three years of growth, purchases abroad of polyphenols; resorcinol and its saltses decreased by -0.8% to 125 tons in 2022. The total import volume increased at an average annual rate of +11.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of 126 tons, leveling off in the following year.
In value terms, polyphenols; resorcinol and its salts imports expanded modestly to $1.2M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Polyphenols; Resorcinol and Its Salts in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 652 | 455 | 786 | 654 | 0.1% |
| China | 154 | 445 | 345 | 527 | 50.7% |
| South Korea | 67.3 | 42.6 | 54.0 | 34.1 | -20.3% |
| Others | 14.6 | 10.1 | 14.4 | 6.1 | -25.2% |
| Total | 887 | 953 | 1,200 | 1,221 | 11.2% |
Top Suppliers of Polyphenols; Resorcinol and Its Salts to South Africa in 2022:
- Japan (64.1 tons)
- China (59.0 tons)
- South Korea (2.0 tons)
Exports of Polyphenols; Resorcinol and Its Salts in South Africa
In 2022, the amount of polyphenols; resorcinol and its saltses exported from South Africa shrank dramatically to 171 kg, which is down by -63.4% compared with the previous year. In general, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 165%.
In value terms, polyphenols; resorcinol and its salts exports reduced sharply to $2.1K in 2022. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48%.
| Export of Polyphenols; Resorcinol and Its Salts in South Africa (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,196 | 111 | 412 | 1,469 | 7.1% |
| Zambia | 57.0 | 27.0 | 119 | 668 | 127.1% |
| Mozambique | 91.0 | 28.0 | 79.0 | N/A | -6.8% |
| Zimbabwe | 588 | 43.0 | 555 | N/A | -2.8% |
| Mauritius | N/A | 106 | N/A | N/A | 0% |
| India | 1,066 | 307 | 839 | N/A | -11.3% |
| Others | 277 | 1,168 | 652 | N/A | 53.4% |
| Total | 3,275 | 1,790 | 2,656 | 2,137 | -13.3% |
Top Export Markets for Polyphenols; Resorcinol and Its Salts from South Africa in 2022:
- Australia (112.0 kg)
- Zambia (59.0 kg)
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