SADC: Plastic Closure Market 2024

Plastic Closure Market Size in SADC

The SADC plastic closure market stood at $X in 2022, picking up by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plastic Closure Production in SADC

In value terms, plastic closure production expanded slightly to $X in 2022 estimated in export price. The total output value 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 in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Closure Exports

Exports in SADC

In 2022, overseas shipments of plastic stoppers, caps and closures increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export 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 pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic closure exports reduced to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Botswana (X tons) ranks second in terms of the total exports with an X% share, followed by Mauritius (X%). The following exporters - Zambia (X tons) and Tanzania (X tons) - each amounted to a X% share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of plastic stoppers, caps and closures. At the same time, Botswana (X%), Zambia (X%), Mauritius (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Botswana, Mauritius, Zambia and Tanzania increased by X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest plastic closure supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

In South Africa, plastic closure exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Plastic Closure Imports

Imports in SADC

In 2022, the amount of plastic stoppers, caps and closures imported in SADC totaled X tons, with an increase of X% on 2021 figures. 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 most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastic closure imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which reached X% of total imports. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Zimbabwe (X%), Mozambique (X%), Tanzania (X%), Zambia (X%) and Democratic Republic of the Congo (X%).

From 2012 to 2022, average annual rates of growth with regard to plastic closure imports into South Africa stood at X%. At the same time, Zimbabwe (X%), Mozambique (X%), Tanzania (X%), Zambia (X%) and Angola (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. Democratic Republic of the Congo (X p.p.), Zimbabwe (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Zambia and Angola saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported plastic stoppers, caps and closures in SADC, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with an X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, plastic closure imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a slight reduction. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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