SADC: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in SADC

After two years of growth, the SADC compound plasticisers market decreased by X% to $X in 2023. Overall, consumption continues to indicate a perceptible reduction. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Compound Plasticisers Production in SADC

In value terms, compound plasticisers production declined modestly to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Compound Plasticisers Exports

Exports in SADC

In 2023, overseas shipments of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports, however, showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, compound plasticisers exports shrank significantly to $X in 2023. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporting country with an export of around X tons, which finished at X% of total exports. Tanzania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Swaziland (X%). Namibia (X tons) followed a long way behind the leaders.

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

In value terms, South Africa ($X) remains the largest compound plasticisers supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

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

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2016; afterwards, it flattened through to 2023.

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

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

Compound Plasticisers Imports

Imports in SADC

In 2023, overseas purchases of compound plasticisers for rubber or plastics decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped significantly in the following year.

In value terms, compound plasticisers imports declined significantly to $X in 2023. In general, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked at $X in 2022, and then dropped sharply in the following year.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Botswana (X tons), Democratic Republic of the Congo (X tons), Angola (X tons) and Zambia (X tons) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%), Angola (X%), Botswana (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. While the share of Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported compound plasticisers for rubber or plastics in SADC, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Botswana (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price, however, recorded a mild contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform