Africa: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Africa

The African vulcanised rubber thread market expanded rapidly to $X in 2021, increasing by 10% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.6% against 2016 indices. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Vulcanised Rubber Thread Production in Africa

In value terms, vulcanised rubber thread production reduced to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports in Africa

After three years of growth, overseas shipments of vulcanised rubber thread and cord decreased by -9.8% to X tons in 2021. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports rose modestly to $X in 2021. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 43%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, South Africa (X tons) represented the largest exporter of vulcanised rubber thread and cord, generating 76% of total exports. It was distantly followed by Tunisia (X tons) and Ghana (X tons), together constituting a 17% share of total exports. Kenya (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vulcanised rubber thread exports from South Africa stood at -10.4%. At the same time, Ghana (+56.3%), Tunisia (+44.5%) and Kenya (+8.0%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +56.3% from 2012-2021. Tunisia (+10 p.p.), Ghana (+6.4 p.p.) and Kenya (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -20.1% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest vulcanised rubber thread supplier in Africa, comprising 84% of total exports. The second position in the ranking was taken by Ghana ($X), with a 4% share of total exports. It was followed by Tunisia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -12.4%. In the other countries, the average annual rates were as follows: Ghana (+62.1% per year) and Tunisia (+19.4% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+3.7%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Thread Imports

Imports in Africa

In 2021, the amount of vulcanised rubber thread and cord imported in Africa expanded slightly to X tons, surging by 5% on the previous year. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber thread imports soared to $X in 2021. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 62% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Egypt (X tons), Sudan (X tons), Algeria (X tons), Morocco (X tons) and Tunisia (X tons) represented the key importer of vulcanised rubber thread and cord in Africa, achieving 58% of total import. It was distantly followed by Angola (X tons), mixing up a 4.9% share of total imports. The following importers - Tanzania (X tons), Nigeria (X tons), Togo (X tons), Guinea (X tons), Democratic Republic of the Congo (X tons), Kenya (X tons) and Libya (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Tanzania (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread importing markets in Africa were Algeria ($X), Egypt ($X) and Sudan ($X), together comprising 43% of total imports. These countries were followed by Morocco, Tunisia, Togo, Angola, Nigeria, Tanzania, Libya, Guinea, Democratic Republic of the Congo and Kenya, which together accounted for a further 40%.

In terms of the main importing countries, Tanzania, with a CAGR of +28.2%, 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, with an increase of 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the import price increased by 32%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Libya ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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