The import of liquefied ethylene, propylene, butylene, and butadiene to South Africa has shown a substantial upward trend since 2013, peaking significantly in 2023 at $25.44 thousand. Analyzing the year-on-year variations, the highest surge was in 2015 with 838.32%, followed by a steady increase over the following years. The last two years saw moderate growth: 4.92% in 2023 and 5.28% in 2022. The Compound Annual Growth Rate (CAGR) for the past five years stands at 3.02%, indicating a more stable and modest growth pattern compared to earlier years.
Future trends point towards continued growth with a forecasted 5-year CAGR of 3.43% and a 5-year growth rate of 18.38% through 2028. This progression suggests a steady demand for these commodities in South Africa.
Trends to watch in the future include:
- Potential impact of global supply chain disruptions.
- Economic shifts in South Africa affecting import capacities.
- Technological advancements in the chemical industry potentially altering demand patterns.
- Regulatory changes impacting international trade policies.
