The import of Liquefied Butanes to South Africa has seen significant fluctuations over the years from 2013 to 2023. It experienced a notable decline in 2014 and 2018, followed by several periods of recovery. In 2023, the import value stood at 32.597 million US dollars. Year-on-year analysis shows minor growth of 2.39% in 2023. The CAGR over the last five years (2019-2023) indicates an 8.12% growth, reflecting a recovery trend.
Future trends to watch for:
- Forecasted CAGR for the 2024-2028 period suggests a modest average annual growth of 1.83%.
- Potential impacts of global energy price fluctuations and South African energy policies.
- Technological advancements in energy storage and transport could affect demand.