Africa: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Africa

The African polyethylene glycol and polyether market soared to $X in 2021, surging by 36% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Africa

In value terms, polyethylene glycol and polyether production fell to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.1% against 2013 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Africa

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported in Africa; picking up by 16% against 2020 figures. In general, exports saw strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 92%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Overall, exports continue to indicate a tangible increase. The growth pace was the most rapid in 2017 when exports increased by 94%. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Morocco (X tons), Egypt (X tons), Tanzania (X tons) and South Africa (X tons) represented roughly 95% of total exports in 2021. Uganda (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of +52.8%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2021, with a combined 87% share of total exports. These countries were followed by Tanzania and Uganda, which together accounted for a further 11%.

Tanzania, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of exports, among 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 2021, the export price in Africa amounted to $X per ton, increasing by 25% against the previous year. Overall, the export price, however, showed a pronounced reduction. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Africa

Polyethylene glycol and polyether imports expanded remarkably to X tons in 2021, growing by 8.8% compared with 2020. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of polyethylene glycol and polyether imports in 2021 were Nigeria (X tons), Egypt (X tons), South Africa (X tons), Algeria (X tons), Morocco (X tons), Ethiopia (X tons), Kenya (X tons), Tanzania (X tons), Libya (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Tunisia (X tons), together resulting at 82% of total import.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +22.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether importing markets in Africa were Egypt ($X), Nigeria ($X) and South Africa ($X), with a combined 38% share of total imports. These countries were followed by Algeria, Morocco, Ethiopia, Kenya, Tanzania, Ghana, Libya, Tunisia and Cote d'Ivoire, which together accounted for a further 44%.

In terms of the main importing countries, Ethiopia, with a CAGR of +21.2%, recorded the highest rates of growth with regard to 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 2021, surging by 51% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Egypt ($X per ton) and Morocco ($X per ton), while Cote d'Ivoire ($X per ton) and Ethiopia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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