The import of industrial fatty alcohols to South Africa has shown fluctuations over the years, peaking in 2014 at $6.7864 million and continuously declining thereafter. The import value for 2023 stood at $4.2248 million, continuing a downward trend observed over the past decade. The year-on-year variations for the last two years show a decrease of -4.09% for 2023 and -4.01% for 2022. The compound annual growth rate (CAGR) over the last five years stands at -3.94%.
Future trends indicate a continued decline with a projected 5-year CAGR of approximately -4%, leading to a forecasted value of $3.2827 million by 2028. This marks an overall 18.48% reduction from the 2023 levels.
Trends to watch for include:
- Changes in global supply chains, which may impact import levels.
- Economic conditions in South Africa affecting industrial demand.
- Potential shifts towards sustainable or alternative materials.
