The export of chemicals and chemical products from South Africa to the UK stood at $98.715 million in 2023. Over the years, the market has seen significant fluctuations. From 2013 to 2020, the value peaked at $107.58 million in 2018 and hit a low of $82.438 million in 2020. The latter part of the decade shows a slight recovery, with values oscillating around $98 million from 2021 onwards.
The year-on-year variation highlights a mixed trend: a significant rise in certain years, like 2018 (30.47%), contrasted by major declines such as 2020 (-17.18%). The compound annual growth rate (CAGR) over the last five years, standing at -1.7%, indicates a slight downward trend.
Forecasts suggest a steady yet minimal decline, with the CAGR for the next five years anticipated at -0.16%. By 2028, projections show a further slight dip to $97.385 million.
Watch for future trends such as changes in trade policies post-Brexit, shifts in global demand for specific chemical products, sustainability trends, and potential technological advancements in production. These could significantly influence South Africa’s export figures to the UK in the coming years.
