Based on the forecasted data, the import value of Propylene Glycol (Propane-1,2-Diol) to South Africa is showing a stable and consistent upward trend from 2024 to 2028. Starting from 17.133 million USD in 2024, it increases to 17.456 million USD by 2028.
Year-on-year percentage variations are quite steady, indicating a roughly constant growth rate each year. Particularly, from 2024 to 2025, there's a minor increase, followed by similar incremental changes through 2028. The Compound Annual Growth Rate (CAGR) over this five-year period reflects steady annual growth. The corresponding growth for each year within this period points towards a stable market demand and an expected continuation of similar trends.
Future trends to watch for include: - Potential changes in global supply chains that could impact import prices and volumes. - Shifts in regional production capacities which might affect the dependency on imports. - Technological advancements and regulatory changes that could influence the usage and demand for Propylene Glycol within South Africa. - Economic factors such as exchange rate fluctuations and domestic economic performance that could impact the import value.
