Africa: Polyamide Market 2024

Polyamide Market Size in Africa

In 2023, the African polyamide market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Polyamide Production in Africa

In value terms, polyamide production shrank slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Polyamide Exports

Exports in Africa

Polyamide exports was estimated at X tons in 2023, picking up by X% against 2022. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyamide exports expanded markedly to $X in 2023. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the three major exporters of polyamides (in primary forms), namely South Africa, Morocco and Tunisia, represented more than two-thirds of total export. It was distantly followed by Ghana (X tons), mixing up a X% share of total exports.

From 2012 to 2023, 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, Morocco ($X) remains the largest polyamide supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco totaled X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Export price indicated mild growth from 2012 to 2023: its price 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, polyamide export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Polyamide Imports

Imports in Africa

In 2023, polyamide imports in Africa was estimated at X tons, with an increase of X% on the previous year. Total imports indicated noticeable growth from 2012 to 2023: its volume 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 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in the immediate term.

In value terms, polyamide imports expanded slightly to $X in 2023. Total imports indicated measured 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 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of polyamide imports in 2023 were Morocco (X tons), South Africa (X tons) and Tunisia (X tons), together reaching X% of total import. Egypt (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Algeria (X%).

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

In value terms, Morocco ($X), Tunisia ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Morocco, with a CAGR of X%, saw the highest growth rate of 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, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform