Africa: Polyacetals Market 2024

Polyacetals Market Size in Africa

The African polyacetals market surged to $X in 2022, picking up by X% against the previous year. In general, consumption continues to indicate a mild increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Polyacetals Production in Africa

In value terms, polyacetals production contracted to $X in 2022 estimated in export price. In general, production recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Polyacetals Exports

Exports in Africa

In 2022, overseas shipments of polyacetals in primary forms increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded strong growth. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyacetals exports expanded notably to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania represented the main exporter of polyacetals in primary forms in Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. South Africa (X tons) ranks second in terms of the total exports with an X% share, followed by Tunisia (X%), Zambia (X%), Egypt (X%) and Nigeria (X%). Mali (X tons) took a little share of total exports.

Tanzania was also the fastest-growing in terms of the polyacetals in primary forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%), Zambia (X%), Tunisia (X%) and South Africa (X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.), Tunisia (X p.p.), Zambia (X p.p.), Nigeria (X p.p.) and Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Egypt (X p.p.) displayed negative dynamics.

In value terms, the largest polyacetals supplying countries in Africa were Zambia ($X), Tanzania ($X) and South Africa ($X), together accounting for X% of total exports.

Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Zambia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Polyacetals Imports

Imports in Africa

In 2022, imports of polyacetals in primary forms in Africa skyrocketed to X tons, jumping by X% on 2021. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyacetals imports surged to $X in 2022. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Zambia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%). Egypt (X tons), Tunisia (X tons), Tanzania (X tons) and Morocco (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyacetals imports into Nigeria stood at X%. At the same time, Tanzania (X%), Morocco (X%), Zambia (X%), South Africa (X%), Tunisia (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zambia (X p.p.), Tunisia (X p.p.), Egypt (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported polyacetals in primary forms in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2021 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 failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($X per ton) was 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