Africa: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Africa

The African high-tenacity filament aramids yarn market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of High-Tenacity Filament Yarn Of Aramids in Africa

In value terms, high-tenacity filament aramids yarn production declined slightly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Africa

In 2022, overseas shipments of high-tenacity filament yarn of aramids decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports dropped dramatically to $X in 2022. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the five major exporters of high-tenacity filament yarn of aramids, namely Morocco, South Africa, Niger, Tunisia and Egypt, represented more than two-thirds of total export. Mauritius (X kg) and Nigeria (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Niger ($X) and Morocco ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Africa

In 2022, the amount of high-tenacity filament yarn of aramids imported in Africa expanded remarkably to X tons, with an increase of X% compared with the previous year's figure. In general, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports amounted to $X in 2022. Overall, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) was the key importer of high-tenacity filament yarn of aramids, generating X% of total imports. It was distantly followed by Morocco (X tons) and Uganda (X tons), together creating a X% share of total imports. Egypt (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament aramids yarn imports into South Africa stood at X%. At the same time, Morocco (X%) and Uganda (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.) and Uganda (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics.

In value terms, the largest high-tenacity filament aramids yarn importing markets in Africa were South Africa ($X), Morocco ($X) and Uganda ($X), together comprising X% of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Morocco ($X per ton) and South Africa ($X per ton), while Uganda ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform