The import value of Petroleum Resins, Polyterpenes, and Polysulphides to South Africa shows a consistent upward trend from 2024 to 2028, with forecast values indicating a steady increase from $24.541 million in 2024 to $26.379 million in 2028. Given the 2023 actual value stood at $24.090 million, the year-on-year variation between 2023 and 2024 is approximately 1.87%. The year-on-year growth from 2024 to 2025 is around 1.93%, from 2025 to 2026 is around 1.85%, from 2026 to 2027 is approximately 1.78%, and from 2027 to 2028 the growth is around 1.72%. The CAGR over the five-year period from 2024 to 2028 is estimated to be around 1.85%.
Future trends to watch for:
- Supply chain disruptions and geopolitical factors impacting global trade dynamics.
- Technological advancements in the production of resins and related compounds potentially affecting import volumes.
- Changes in regulatory policies and environmental guidelines influencing import costs and procedures.
- Economic developments within South Africa that could alter demand levels for these imported chemicals.