In 2023, the import of amino-resins to South Africa stood at 17.614 million kilograms. Forecasted data predicts an increasing trend from 2024 to 2028, with values rising from 18.493 million kilograms in 2024 to 21.983 million kilograms in 2028. This steady growth indicates a positive outlook for amino-resin imports over the next five years.
Over the period from 2024 to 2028:
• The year-on-year variation is as follows: • 2024 to 2025: +4.86% • 2025 to 2026: +4.54% • 2026 to 2027: +4.26% • 2027 to 2028: +4.01% • The average compound annual growth rate (CAGR) spanning these years is approximately +4.42%, highlighting consistent year-over-year growth.
Trends to watch for in the future include potential shifts in global trade policies, changes in the availability and price of raw materials, and economic fluctuations which may affect import volumes. Additionally, advancements in alternative materials or increased local production could influence demand for imported amino-resins.