Africa: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Africa

The African vulcanised rubber erases market shrank to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, posted a notable increase. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Production in Africa

In value terms, vulcanised rubber erases production reached $X in 2023 estimated in export price. The total production indicated a moderate expansion 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports in Africa

In 2023, shipments abroad of erasers of vulcanised rubber increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports reached $X in 2023. Total exports indicated a mild 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Egypt (X tons), committing a X% share of total exports.

South Africa was also the fastest-growing in terms of the erasers of vulcanised rubber exports, with a CAGR of X% from 2012 to 2023. Egypt (X%) illustrated a downward trend over the same period. South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest vulcanised rubber erases supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. Export price indicated a slight increase from 2012 to 2023: its price 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, vulcanised rubber erases export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%).

Vulcanised Rubber Erases Imports

Imports in Africa

In 2023, approx. X tons of erasers of vulcanised rubber were imported in Africa; which is down by X% against 2022. In general, imports, however, showed temperate growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports dropped to $X in 2023. Total imports indicated moderate growth 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, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the eight major importers of erasers of vulcanised rubber, namely South Africa, Mozambique, Ghana, Nigeria, Kenya, Tanzania, Morocco and Egypt, represented more than two-thirds of total import. Libya (X tons), Algeria (X tons), Djibouti (X tons), Cameroon (X tons) and Sudan (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Kenya ($X) and Mozambique ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Mozambique, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Africa stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform