Africa: Market for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) in Africa

The African market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X in 2023, approximately reflecting the previous year. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate) in Africa

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Exports in Africa

In 2023, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) declined remarkably to $X in 2023. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then fell significantly in the following year.

Exports by Country

South Africa represented the key exporter of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Egypt (X tons) held the second position in the ranking, distantly followed by Zambia (X tons) and Tunisia (X tons). All these countries together held near X% share of total exports. Namibia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%), Zambia (X%), Namibia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. While the share of Egypt (X p.p.), Zambia (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Tunisia (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplying countries in Africa were South Africa ($X), Egypt ($X) and Zambia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Imports of Acrylic Polymers, In Primary Forms (excluding Polymethyl Methacrylate)

Imports in Africa

After two years of growth, supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by X% to X tons in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then declined in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) shrank to $X in 2023. Total imports indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

The countries with the highest levels of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) in 2023 were Egypt (X tons), South Africa (X tons) and Algeria (X tons), together accounting for X% of total import. Morocco (X tons) held the next position in the ranking, followed by Nigeria (X tons), Ghana (X tons) and Kenya (X tons). All these countries together held near X% share of total imports. Democratic Republic of the Congo (X tons), Tanzania (X tons), Tunisia (X tons), Zambia (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) importing markets in Africa were Egypt ($X), South Africa ($X) and Algeria ($X), with a combined X% share of total imports. Ghana, Morocco, Democratic Republic of the Congo, Kenya, Zambia, Tunisia, Nigeria, Tanzania, Cote d'Ivoire and Senegal lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a mild setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform