Report Update: Apr 1, 2024

South Africa - Resinoids - Market Analysis, Forecast, Size, Trends And Insights

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Resinoids Price in South Africa - 2023

Resinoids Price in South Africa (CIF) - 2022

In 2022, the average resinoids import price amounted to $13,702 per ton, with a decrease of -64.5% against the previous year. Overall, the import price, however, showed measured growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 425% against the previous year. The import price peaked at $93,249 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($82,061 per ton), while the price for the United Arab Emirates ($3,423 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+30.2%), while the prices for the other major suppliers experienced a decline.

Resinoids Price in South Africa (FOB) - 2022

In 2022, the average resinoids export price amounted to $7,674 per ton, increasing by 41% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 153%. As a result, the export price reached the peak level of $9,321 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($19,360 per ton), while the average price for exports to Lesotho ($3,580 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 Madagascar (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports in South Africa

In 2022, resinoids imports into South Africa soared to 13 tons, picking up by 51% on 2021 figures. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 212%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, resinoids imports dropped significantly to $173K in 2022. In general, imports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 120%.

Import of Resinoids in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	263	78.3	130	64.8	-37.3%
Egypt	71.6	38.6	135	29.5	-25.6%
United Arab Emirates	N/A	N/A	N/A	24.4	0%
Austria	N/A	N/A	N/A	23.8	0%
France	2.0	3.4	22.7	20.1	115.8%
Others	38.3	26.3	34.2	10.2	-35.7%
Total	375	147	322	173	-22.7%

Top Suppliers of Resinoids to South Africa in 2022:

United Arab Emirates (7.1 tons)
Austria (2.3 tons)
France (1.6 tons)
United States (0.8 tons)
Egypt (0.4 tons)

Resinoids Exports in South Africa

In 2022, approx. 6.3 tons of resinoids were exported from South Africa; declining by -31.3% against the year before. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports attained the peak of 9.2 tons, and then declined remarkably in the following year.

In value terms, resinoids exports declined to $48K in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 126%.

Export of Resinoids in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	27.4	N/A	N/A	15.6	-17.1%
Zambia	3.9	3.0	34.3	9.7	35.5%
Botswana	3.5	N/A	N/A	6.6	23.5%
Zimbabwe	N/A	N/A	2.0	6.4	220.0%
Lesotho	N/A	3.4	N/A	6.2	35.0%
Namibia	0.7	1.5	1.8	3.4	69.4%
Mozambique	2.1	N/A	2.8	0.2	-54.3%
Swaziland	15.2	4.8	3.5	0.1	-81.3%
Mauritius	1.8	N/A	0.1	N/A	-76.4%
France	N/A	0.7	N/A	N/A	0%
Seychelles	N/A	N/A	1.6	N/A	0%
Others	30.2	8.5	3.6	0.2	-81.2%
Total	84.8	22.0	49.9	48.4	-17.0%

Top Export Markets for Resinoids from South Africa in 2022:

Lesotho (1729.0 kg)
Zambia (1063.0 kg)
Botswana (1022.0 kg)
Zimbabwe (892.0 kg)
United Arab Emirates (806.0 kg)
Namibia (755.0 kg)
Mozambique (29.0 kg)
Swaziland (12.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the resinoids market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20531030 - Resinoids

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023