South Africa - Primary Polyethylene with a Specific Gravity of over 0,94 - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolyethylene Price in South Africa - 2023
Contents:
- Polyethylene Price in South Africa (CIF) - 2022
- Polyethylene Price in South Africa (FOB) - 2023
- Polyethylene Imports in South Africa
- Polyethylene Exports in South Africa
Polyethylene Price in South Africa (CIF) - 2022
In 2022, the average polyethylene import price amounted to $1,435 per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. The import price peaked at $1,565 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($2,381 per ton), while the price for Australia ($1,215 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Polyethylene Price in South Africa (FOB) - 2023
The average polyethylene export price stood at $1,063 per ton in July 2023, surging by 5.1% against the previous month. In general, the export price, however, showed a slight curtailment. The growth pace was the most rapid in February 2023 an increase of 30% against the previous month. The export price peaked at $1,279 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Zambia ($1,294 per ton), while the average price for exports to India ($617 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Polyethylene Imports in South Africa
In 2022, approx. 140K tons of polyethylene with a specific gravity of more then 0,94, in primary forms were imported into South Africa; falling by -5.8% against 2021 figures. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of 148K tons, and then dropped in the following year.
In value terms, polyethylene imports reached $200M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 113%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Polyethylene in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 39.0 | 29.9 | 60.0 | 76.4 | 25.1% |
| United States | 21.9 | 19.4 | 18.7 | 35.0 | 16.9% |
| Thailand | 19.8 | 11.5 | 18.1 | 16.0 | -6.9% |
| Qatar | 4.7 | 3.4 | 13.8 | 10.2 | 29.5% |
| South Korea | 3.3 | 3.1 | 10.5 | 10.0 | 44.7% |
| United Arab Emirates | 1.6 | 4.3 | 16.1 | 8.6 | 75.2% |
| China | 0.8 | 0.4 | 6.2 | 7.4 | 109.9% |
| Malaysia | 0.8 | 0.3 | 11.0 | 6.3 | 99.0% |
| Russia | N/A | N/A | 6.8 | 4.8 | -29.4% |
| Germany | 4.5 | 3.5 | 4.0 | 4.3 | -1.5% |
| Singapore | 5.6 | 3.5 | 2.0 | 2.8 | -20.6% |
| Australia | 0.5 | 0.2 | 0.7 | 2.6 | 73.2% |
| Others | 9.4 | 10.6 | 23.7 | 16.0 | 19.4% |
| Total | 112 | 90.0 | 192 | 200 | 21.3% |
Top Suppliers of Polyethylene to South Africa in 2022:
- Saudi Arabia (55.5K tons)
- United States (23.3K tons)
- Thailand (11.5K tons)
- South Korea (7.4K tons)
- Qatar (7.1K tons)
- United Arab Emirates (6.1K tons)
- China (5.1K tons)
- Malaysia (4.7K tons)
- Russia (3.6K tons)
- Australia (2.2K tons)
- Germany (2.2K tons)
- Singapore (1.5K tons)
Polyethylene Exports in South Africa
In 2022, exports of polyethylene with a specific gravity of more then 0,94, in primary forms from South Africa skyrocketed to 34K tons, picking up by 28% on the previous year. The total export volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, polyethylene exports skyrocketed to $44M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polyethylene in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 5.3 | 6.3 | 8.8 | 12.1 | 31.7% |
| Zambia | 6.8 | 4.1 | 9.4 | 8.8 | 9.0% |
| Malawi | 3.6 | 2.8 | 3.7 | 4.0 | 3.6% |
| Botswana | 2.1 | 1.1 | 2.9 | 3.8 | 21.9% |
| Democratic Republic of the Congo | 3.5 | 0.7 | 2.3 | 2.7 | -8.3% |
| Namibia | 1.3 | 2.7 | 2.7 | 2.2 | 19.2% |
| Spain | 0.3 | 0.3 | N/A | 2.1 | 91.3% |
| Greece | 1.2 | 3.0 | 0.2 | 0.8 | -12.6% |
| Mozambique | 1.2 | 0.6 | 1.1 | 0.3 | -37.0% |
| Others | 3.1 | 5.5 | 3.3 | 6.9 | 30.6% |
| Total | 28.5 | 27.2 | 34.4 | 43.9 | 15.5% |
Top Export Markets for Polyethylene from South Africa in 2022:
- Zimbabwe (7.5K tons)
- Zambia (6.7K tons)
- Malawi (5.9K tons)
- Botswana (2.3K tons)
- Democratic Republic of the Congo (1.7K tons)
- Namibia (1.7K tons)
- Spain (1.6K tons)
- Greece (0.6K tons)
- Mozambique (0.3K tons)
This report provides an in-depth analysis of the polyethylene market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20161050 - Polyethylene having a specific gravity of . 0,94, in primary forms
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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