SADC: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in SADC

The SADC vulcanised rubber thread market expanded rapidly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a mild decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Production in SADC

In value terms, vulcanised rubber thread production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports in SADC

In 2022, shipments abroad of vulcanised rubber thread and cord decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, vulcanised rubber thread exports declined notably to $X in 2022. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Namibia (X tons) took a minor share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. Namibia (X%) illustrated a downward trend over the same period. Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

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

In South Africa, vulcanised rubber thread exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Namibia stood at $X per ton.

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

Vulcanised Rubber Thread Imports

Imports in SADC

In 2022, approx. X tons of vulcanised rubber thread and cord were imported in SADC; picking up by X% against the previous year. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Angola was the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons), Mauritius (X tons) and South Africa (X tons), together comprising a X% share of total imports. Tanzania (X tons), Mozambique (X tons) and Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) constitutes the largest market for imported vulcanised rubber thread and cord in SADC, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Angola totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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