Africa: Market for Synthetic Rubber (Excluding Latex) 2024

Market Size for Synthetic Rubber (Excluding Latex) in Africa

The African synthetic rubber (excluding latex) market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Synthetic Rubber (Excluding Latex) in Africa

In value terms, synthetic rubber (excluding latex) production fell to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decrease. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Synthetic Rubber (Excluding Latex)

Exports in Africa

In 2022, approx. X tons of synthetic rubber (excluding latex) were exported in Africa; waning by X% compared with the previous year. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, synthetic rubber (excluding latex) exports fell dramatically to $X in 2022. Overall, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X tons) and South Africa (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Nigeria (X tons), Ghana (X tons) and Egypt (X tons), together committing a X% share of total exports. Liberia (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the largest synthetic rubber (excluding latex) supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In South Africa, synthetic rubber (excluding latex) exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Swaziland (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Swaziland ($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 export price figures.

Imports of Synthetic Rubber (Excluding Latex)

Imports in Africa

Synthetic rubber (excluding latex) imports reduced to X tons in 2022, with a decrease of X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, synthetic rubber (excluding latex) imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

South Africa was the major importer of synthetic rubber (excluding latex) in Africa, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Egypt (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%) and Tunisia (X%). The following importers - Algeria (X tons), Nigeria (X tons) and Kenya (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic rubber (excluding latex) imports into South Africa stood at X%. At the same time, Algeria (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. Tunisia experienced a relatively flat trend pattern. By contrast, Nigeria (X%), Egypt (X%) and Kenya (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Morocco and Algeria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported synthetic rubber (excluding latex) in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Morocco, with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Morocco (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. Over the period under review, the import price, however, showed a perceptible slump. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Morocco ($X per ton) and Algeria ($X per ton), while Nigeria ($X per ton) and Tunisia ($X per ton) were 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 mixed trends in the import price figures.

Source: IndexBox Platform

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