Africa: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Africa

After three years of growth, the African polymethyl methacrylate market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a strong expansion. The level of consumption peaked at $X in 2022, and then dropped slightly in the following year.

Polymethyl Methacrylate Production in Africa

In value terms, polymethyl methacrylate production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Polymethyl Methacrylate Exports

Exports in Africa

In 2023, shipments abroad of polymethyl methacrylate in primary forms decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports saw a sharp contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, polymethyl methacrylate exports shrank significantly to $X in 2023. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) and South Africa (X tons) were the largest exporters of polymethyl methacrylate in primary forms in 2023, resulting at approx. X% and X% of total exports, respectively. Ghana (X tons) ranks next in terms of the total exports with a X% share, followed by Morocco (X%) and Tunisia (X%). The following exporters - Tanzania (X tons) and Kenya (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest polymethyl methacrylate supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Egypt stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Polymethyl Methacrylate Imports

Imports in Africa

For the third consecutive year, Africa recorded growth in purchases abroad of polymethyl methacrylate in primary forms, which increased by X% to X tons in 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, polymethyl methacrylate imports expanded notably to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Zambia (X tons), distantly followed by Morocco (X tons), South Africa (X tons), Egypt (X tons), Rwanda (X tons), Nigeria (X tons) and Algeria (X tons) represented the main importers of polymethyl methacrylate in primary forms, together constituting X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Rwanda (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polymethyl methacrylate importing markets in Africa were Morocco ($X), Zambia ($X) and South Africa ($X), together comprising X% of total imports. Egypt, Nigeria, Rwanda and Algeria lagged somewhat behind, together comprising a further X%.

Rwanda, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform