Forecast: Import of Ethylene to South Africa

The import of ethylene to South Africa has shown considerable fluctuation over the past years. In 2023, the import stood at 5.83 thousand USD, continuing a general downward trend. From 2018 to 2023, the compound annual growth rate (CAGR) was -11.75%, indicating a steady decline. Notable year-on-year variations were a decrease of -6.33% in 2022 followed by a further dip of -12.13% in 2023.

From 2024 onward, forecasts show a continuation of this declining trend with projected imports of 4.92 thousand USD in 2024 down to 1.6 thousand USD by 2028. Over the five-year forecast period, the CAGR is projected to be -20.08%, resulting in a significant reduction of -67.4% in ethylene imports.

Future trends to watch for:

  • Influence of local production capacities on import demand.
  • Government policies and international trade agreements affecting import dynamics.
  • Technological advancements and shifts in industry demand for ethylene.

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