South Africa's sulphonated hydrocarbons import market has experienced fluctuations over the past decade. From 2013 to 2017, there was moderate variability, with sporadic rises and falls. Post-2017, a significant drop occurred in 2018, followed by a partial recovery in 2019. However, from 2020 onwards, the trend shifted towards stabilization, with slight year-on-year decreases observed up to 2023, where the value stood at 2.3274 million USD.
Last two years saw:
- 2022: -0.80% year-on-year variation.
- 2023: -0.79% year-on-year variation.
The CAGR over the last five years (2018-2023) was approximately 3.54%.
Looking ahead, forecasts indicate a very gradual decline. From 2024 to 2028, the forecasted CAGR is -0.67%, signifying a continuing but slight decrease in sulphonated hydrocarbons' imports to South Africa.
Future trends to watch for: Potential shifts in domestic production capabilities, changes in global supply chains, and evolving environmental policies could significantly impact future import values.
