Africa: Synthetic Staple Fibre Market 2020

Synthetic Staple Fibre Market Size in Africa

The revenue of the synthetic staple fibre market in Africa amounted to $X in 2017, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated a conspicuous growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the synthetic staple fibre consumption decreased by -X% against 2014 indices. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Over the period under review, the synthetic staple fibre market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Synthetic Staple Fibre Exports in Africa

The exports totaled X tons in 2017, surging by X% against the previous year. The synthetic staple fibre exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017, when exports increased by X% y-o-y. In that year, the synthetic staple fibre exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, synthetic staple fibre exports totaled $X in 2017. The synthetic staple fibre exports continue to indicate a remarkable increase. In that year, the synthetic staple fibre exports attained their peak level, and are likely to continue its growth in the immediate term.

Synthetic Staple Fibre Exports by Country in Africa

Senegal (X tons) and Egypt (X tons) prevails in synthetic staple fibre exports structure, together making up X% of total exports. The following exporters - Togo (X tons), Algeria (X tons), Tunisia (X tons) and South Africa (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest synthetic staple fibre supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of global exports. It was followed by Togo, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Senegal amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+X% per year) and Togo (+X% per year).

Synthetic Staple Fibre Export Prices by Country in Africa

The synthetic staple fibre export price in Africa stood at $X per ton in 2017, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% against the previous year. The level of export price peaked in 2017, and is likely to continue its growth in the near future.

Export prices varied noticeably by the country of destination; the country with the highest export price was Senegal ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Togo (+X% per year), while the other leaders experienced more modest paces of growth.

Synthetic Staple Fibre Imports in Africa

In 2017, the amount of synthetic staple fibres imported in Africa stood at X tons, surging by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, when imports increased by X% y-o-y. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, synthetic staple fibre imports stood at $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the synthetic staple fibre imports increased by +X% against 2013 indices. The level of imports peaked in 2017, and are likely to continue its growth in the immediate term.

Synthetic Staple Fibre Imports by Country in Africa

In 2017, Senegal (X tons) represented the main importer for synthetic staple fibres, committing X% of total imports. Morocco (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by South Africa (X%), Tunisia (X%), Nigeria (X%), Egypt (X%) and Mauritius (X%).

Senegal was also the fastest growing in terms of the synthetic staple fibres imports, with a CAGR of +X% from 2007 to 2017. At the same time, Mauritius (+X%), Egypt (+X%) and Tunisia (+X%) displayed positive paces of growth. Morocco experienced a relatively flat trend pattern. By contrast, South Africa (-X%) and Nigeria (-X%) illustrated a downward trend over the same period. While the share of Nigeria (X%) and South Africa (X%) increased significantly in terms of the global imports from 2007-2017, the share of Egypt (-X%), Mauritius (-X%) and Senegal (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported synthetic staple fibres in Africa, making up X% of global imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of global imports. It was followed by Tunisia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Senegal totaled +X%. In the other countries, the average annual rates were as follows: Morocco (-X% per year) and Tunisia (+X% per year).

Synthetic Staple Fibre Import Prices by Country in Africa

The synthetic staple fibre import price in Africa stood at $X per ton in 2017, coming up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, when the import prices increased by X% y-o-y. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Senegal ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Africa (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform