South Africa - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Rubber Price in South Africa - 2023
Contents:
- Synthetic Rubber Price in South Africa (CIF) - 2023
- Synthetic Rubber Price in South Africa (FOB) - 2023
- Synthetic Rubber Imports in South Africa
- Synthetic Rubber Exports in South Africa
Synthetic Rubber Price in South Africa (CIF) - 2023
In July 2023, the average synthetic rubber import price amounted to $2,438 per ton, jumping by 122% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $2,651 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($4,061 per ton), while the price for the Czech Republic ($1,678 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Rubber Price in South Africa (FOB) - 2023
The average synthetic rubber export price stood at $2,037 per ton in July 2023, waning by -21.5% against the previous month. In general, the export price showed a pronounced decline. The growth pace was the most rapid in April 2023 when the average export price increased by 95% m-o-m. The export price peaked at $4,219 per ton in October 2022; however, from November 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mozambique ($3,523 per ton), while the average price for exports to Australia ($613 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 Kenya (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Rubber Imports in South Africa
In 2022, supplies from abroad of synthetic rubber increased by 9.6% to 42K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decline.
In value terms, synthetic rubber imports contracted slightly to $75M in 2022. Over the period under review, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 9.3% against the previous year.
| Import of Synthetic Rubber in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 11.9 | 5.9 | 9.0 | -13.0% | |
| Poland | 11.1 | 8.2 | 8.5 | -12.5% | |
| South Korea | 6.5 | 8.9 | 8.3 | 13.0% | |
| Italy | 9.1 | 6.2 | 7.1 | -11.7% | |
| Japan | 9.2 | 5.6 | 6.9 | -13.4% | |
| Taiwan (Chinese) | 9.9 | 3.4 | 5.6 | -24.8% | |
| Czech Republic | 6.8 | 5.7 | 5.3 | -11.7% | |
| United Kingdom | 5.5 | 3.9 | 4.7 | -7.6% | |
| Russia | 5.4 | 2.9 | 4.2 | -11.8% | |
| China | 4.0 | 4.0 | 3.7 | -3.8% | |
| Thailand | 4.9 | 2.2 | 3.6 | -14.3% | |
| Saudi Arabia | 4.1 | 1.8 | 2.5 | -21.9% | |
| Netherlands | 1.7 | 1.2 | 1.5 | -6.1% | |
| Others | 12.4 | 11.5 | 7.1 | -24.3% | |
| Total | 102 | 71.4 | 78.0 | -12.6% | |
Top Suppliers of Synthetic Rubber to South Africa in 2022:
- Poland (5.7K tons)
- Italy (4.4K tons)
- Germany (4.1K tons)
- Czech Republic (4.0K tons)
- South Korea (3.3K tons)
- Taiwan (Chinese) (2.8K tons)
- Russia (2.3K tons)
- United Kingdom (1.9K tons)
- Japan (1.9K tons)
- Thailand (1.7K tons)
- Saudi Arabia (1.4K tons)
- Netherlands (1.3K tons)
- China (1.2K tons)
Synthetic Rubber Exports in South Africa
After three years of growth, shipments abroad of synthetic rubber decreased by -1.7% to 3.1K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.2% 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 +96.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 93% against the previous year.
In value terms, synthetic rubber exports expanded modestly to $1.7M in 2022. Overall, exports saw a deep setback.
| Export of Synthetic Rubber in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 0.1 | 3.5 | 2,521 | 15777.7% | |
| Australia | 325 | 560 | 829 | 59.7% | |
| Malaysia | 0.4 | 0.7 | 825 | 4441.5% | |
| Zimbabwe | 3,099 | 1,496 | 446 | -62.1% | |
| Zambia | 2,272 | 1,146 | 358 | -60.3% | |
| Namibia | 1,743 | 1,156 | 350 | -55.2% | |
| India | 10.3 | 1,449 | 298 | 437.9% | |
| Mozambique | 1,039 | 638 | 271 | -48.9% | |
| Mauritius | 1,391 | 445 | 173 | -64.7% | |
| Malawi | 1,068 | 293 | 144 | -63.3% | |
| Kenya | 572 | 591 | 122 | -53.8% | |
| Democratic Republic of the Congo | 582 | 101 | 53.6 | -69.7% | |
| Others | -10,101.4 | -6,136.8 | -4,767.9 | -31.3% | |
| Total | 2,002 | 1,743 | 1,622 | -10.0% | |
Top Export Markets for Synthetic Rubber from South Africa in 2022:
- Malaysia (2314.2 tons)
- United States (1459.8 tons)
- Australia (563.4 tons)
- India (264.8 tons)
- Zambia (243.9 tons)
- Namibia (227.1 tons)
- Zimbabwe (167.4 tons)
- Mauritius (158.3 tons)
- Mozambique (82.3 tons)
- Democratic Republic of the Congo (45.0 tons)
- Kenya (41.2 tons)
- Malawi (37.1 tons)
This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
- Prodcom 20171090 - Synthetic rubber (excluding latex)
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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In April 2023, the synthetic rubber price amounted to $2,107 per ton (CIF, South Africa), shrinking by -9.8% against the previous month.
1396
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1351
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
202
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
331
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
225
In April 2023, the synthetic rubber price amounted to $2,107 per ton (CIF, South Africa), shrinking by -9.8% against the previous month.
1396
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
1351
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
202
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
331
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
