SADC: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in SADC

The SADC unvulcanised rubber market shrank slightly to $X in 2023, approximately equating the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Production in SADC

In value terms, unvulcanised rubber production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports in SADC

Unvulcanised rubber exports surged to X tons in 2023, jumping by X% compared with the previous year. In general, exports saw a resilient increase. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, unvulcanised rubber exports surged to $X in 2023. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near X% of total exports in 2023. Swaziland (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to unvulcanised rubber exports from South Africa stood at X%. At the same time, Swaziland (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In South Africa, unvulcanised rubber exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then dropped sharply 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 Swaziland totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Unvulcanised Rubber Imports

Imports in SADC

For the third year in a row, SADC recorded growth in overseas purchases of unvulcanised rubber, which increased by X% to X tons in 2023. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; afterwards, it flattened through to 2023.

In value terms, unvulcanised rubber imports contracted to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the largest importer of unvulcanised rubber in SADC, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Tanzania (X tons), mixing up a X% share of total imports. The following importers - Swaziland (X tons) and Zimbabwe (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to unvulcanised rubber imports into South Africa stood at X%. At the same time, Tanzania (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Zimbabwe experienced a relatively flat trend pattern. From 2012 to 2023, the share of Tanzania increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported unvulcanised rubber in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with an X% share of total imports. It was followed by Zimbabwe, 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: Tanzania (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 South Africa ($X per ton), while Tanzania ($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 a decline in the import price figures.

Source: IndexBox Platform