SADC: Silicone Market 2024

Silicone Market Size in SADC

The SADC silicone market was estimated at $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Silicone Production in SADC

In value terms, silicone production rose notably to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Silicone Exports

Exports in SADC

In 2022, exports of silicones (in primary forms) in SADC declined significantly to X tons, which is down by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, silicone exports reduced to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Namibia (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the silicones (in primary forms) exports, with a CAGR of X% from 2012 to 2022. Namibia (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a mild descent. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%).

Silicone Imports

Imports in SADC

In 2022, purchases abroad of silicones (in primary forms) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, silicone imports soared to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Africa (X tons) was the main importer of silicones (in primary forms), achieving X% of total imports. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Zimbabwe (X%), Namibia (X%), Democratic Republic of the Congo (X%) and Tanzania (X%). Zambia (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Namibia (X%), Zambia (X%) and Tanzania (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, Angola (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zimbabwe, Democratic Republic of the Congo, Namibia, Zambia and Tanzania increased by X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported silicones (in primary forms) in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

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

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, saw a perceptible slump. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform