The import of rosin and resin acids to South Africa is forecasted to decrease gradually from 2024 to 2028. The volume is expected to fall from 1.2252 million kilograms in 2024 to 1.132 million kilograms in 2028. As we stand in 2024, the data implies a consistent year-on-year decline.
Year-on-year percentage variations show a steady reduction:
- -1.96% in 2025
- -1.96% in 2026
- -1.96% in 2027
- -1.96% in 2028
These variations align with a Compound Annual Growth Rate (CAGR) of approximately -1.9% over the forecast period from 2024 to 2028.
Future trends to watch for include potential changes in global demand and supply of rosin and resin acids, shifts in South Africa's manufacturing sector, and possible trade policy adjustments which could impact import volumes.