The import of saturated acyclic hydrocarbons to South Africa observed significant fluctuations from 2013 to 2023. After a peak in 2014, there was a rapid decline, characterized by notable drops in subsequent years. The year 2023 saw the imports at 435.02 thousand kilograms, continuing a downward trend.
The year-on-year variation over the last two years showed a consistent decrease of -10.85% in 2022 and -11.93% in 2023. The compound annual growth rate (CAGR) over the last five years was -10.32%, reflecting a steady reduction in import volumes.
Future trends to watch include the five-year forecast from 2024 to 2028, which predicts a continued decline with a forecasted CAGR of -19.24% and an overall decrease of 65.64%. This points to a significant reduction in import volumes, likely influenced by changes in local production capacities, alternative sourcing, or shifts in demand.
