Report Update: Jun 1, 2024

South Africa - Industrial Monocarboxylic Fatty Acids - Market Analysis, Forecast, Size, Trends And Insights

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Price for Industrial Monocarboxylic Fatty Acids in South Africa - 2023

Price for Industrial Monocarboxylic Fatty Acids in South Africa (CIF) - 2023

In September 2023, the average industrial monocarboxylic fatty acids import price amounted to $753 per ton, with a decrease of -26.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 24% against the previous month. Over the period under review, average import prices reached the peak figure at $1,028 per ton in August 2023, and then declined dramatically in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($1,001 per ton), while the price for Malawi ($368 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Industrial Monocarboxylic Fatty Acids in South Africa (FOB) - 2023

In September 2023, the average industrial monocarboxylic fatty acids export price amounted to $756 per ton, growing by 14% against the previous month. Overall, the export price, however, showed a pronounced decline. The pace of growth was the most pronounced in August 2023 an increase of 23% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,151 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Malawi ($1,076 per ton), while the average price for exports to the Netherlands ($632 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids in South Africa

In 2022, supplies from abroad of industrial monocarboxylic fatty acids increased by 5.1% to 34K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt contraction.

In value terms, industrial monocarboxylic fatty acids imports surged to $38M in 2022. The total import value increased at an average annual rate of +14.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Industrial Monocarboxylic Fatty Acids in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	8.9	16.6	16.3	19.0	28.8%
Malaysia	10.7	12.4	11.6	10.6	-0.3%
Iraq	0.6	0.5	0.3	2.4	58.7%
Turkey	N/A	0.3	0.3	1.1	91.5%
Argentina	3.5	1.7	0.9	1.1	-32.0%
Portugal	N/A	N/A	0.9	1.0	11.1%
Zambia	0.2	0.2	0.2	0.6	44.2%
Others	1.4	1.2	2.6	2.5	21.3%
Total	25.2	32.8	33.3	38.3	15.0%

Top Suppliers of Industrial Monocarboxylic Fatty Acids to South Africa in 2022:

Indonesia (18.7K tons)
Malaysia (9.7K tons)
Iraq (1.3K tons)
Turkey (0.8K tons)
Portugal (0.8K tons)
Zambia (0.8K tons)
Argentina (0.8K tons)

Exports of Industrial Monocarboxylic Fatty Acids in South Africa

For the fourth consecutive year, South Africa recorded growth in shipments abroad of industrial monocarboxylic fatty acids, which increased by 13% to 6.4K tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 450% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports surged to $8M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 459%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Industrial Monocarboxylic Fatty Acids in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	104	118	2,076	3,675	228.2%
Zambia	0.7	0.2	761	1,762	1260.3%
Malawi	125	1,938	2,568	1,747	140.9%
Zimbabwe	5.9	37.0	118	294	268.0%
Swaziland	25.1	29.7	205	142	78.2%
Others	135	91.4	78.9	379	41.1%
Total	396	2,214	5,808	7,999	172.3%

Top Export Markets for Industrial Monocarboxylic Fatty Acids from South Africa in 2022:

Netherlands (3.3K tons)
Malawi (1.3K tons)
Zambia (1.1K tons)
Zimbabwe (0.3K tons)
Swaziland (0.1K tons)

This report provides an in-depth analysis of the market for industrial monocarboxylic fatty acids 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 20143195 - Industrial monocarboxylic fatty acids distilled (excluding stearic, oleic tall oil)
Prodcom 20143197 - Industrial monocarboxylic fatty acids (excluding stearic, oleic, t all oil, distilled)

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