The forecast for the import of petroleum resins, coumarone, indene, and polyterpenes to South Africa from 2024 to 2028 shows a slight but consistent decline. The volume is expected to decrease marginally each year, from 4.2979 million kilograms in 2024 to 4.2626 million kilograms in 2028. In 2023, the actual import volume stood at 4.3071 million kilograms.
The year-on-year variations indicate a decreasing trend:
- 2024: -0.21%
- 2025: -0.21%
- 2026: -0.21%
- 2027: -0.20%
- 2028: -0.20%
The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual decline of approximately -0.20%. This steady decrease suggests a slow, predictable reduction in import volume over time.
Future trends to watch for include potential changes in local production capabilities, shifts in international trade policies, and evolving industry demands that may impact the import volumes of these chemicals. Monitoring ongoing global economic conditions and technological advancements in alternative materials could also influence future import trends.