Africa: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Africa

The African market for isoprene rubber (IR) in primary forms reduced rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Africa

In value terms, production of isoprene rubber (IR) in primary forms surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Africa

In 2022, approx. X tons of isoprene rubber (IR) in primary forms were exported in Africa; declining by X% on the year before. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms shrank remarkably to $X in 2022. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Egypt (X tons) represented the major exporter of isoprene rubber (IR) in primary forms, constituting X% of total exports. Ghana (X tons) took the second position in the ranking, followed by South Africa (X tons). All these countries together held approx. X% share of total exports. Kenya (X tons) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2022. At the same time, Kenya (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, Ghana and Kenya increased by X, X and X percentage points, respectively.

In value terms, Ghana ($X) remains the largest isoprene rubber (IR) in primary form supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2020 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 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Egypt ($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 a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Africa

In 2022, the amount of isoprene rubber (IR) in primary forms imported in Africa reduced dramatically to X tons, with a decrease of X% on 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms shrank remarkably to $X in 2022. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) was the major importer of isoprene rubber (IR) in primary forms, making up X% of total imports. South Africa (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%) and Algeria (X%). Nigeria (X tons), Morocco (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to isoprene rubber (IR) in primary form imports into Egypt stood at X%. At the same time, Algeria (X%), Senegal (X%), Tunisia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Nigeria experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia, Algeria, Senegal, Morocco and Nigeria increased by X, X, X, X and X percentage points, respectively.

In value terms, Egypt ($X) constitutes the largest market for imported isoprene rubber (IR) in primary forms in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Tunisia, with an X% share.

In Egypt, imports of isoprene rubber (IR) in primary forms decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Tunisia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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