South Africa: Folding Boxboard Market 2024

Folding Boxboard Market Size in South Africa

The South African folding boxboard market surged to $X in 2022, rising by X% against the previous year. The market 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 throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Folding Boxboard Production in South Africa

In value terms, folding boxboard production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Folding boxboard production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Folding Boxboard Exports

Exports from South Africa

For the third year in a row, South Africa recorded growth in shipments abroad of folding boxboard, which increased by X% to X tons in 2022. The total export volume 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 was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, folding boxboard exports expanded significantly to $X in 2022. Over the period under review, total exports indicated a resilient increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Zimbabwe (X tons) was the main destination for folding boxboard exports from South Africa, accounting for a X% share of total exports. Moreover, folding boxboard exports to Zimbabwe exceeded the volume sent to the second major destination, Zambia (X tons), fourfold. Botswana (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Botswana (X% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for folding boxboard exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Malawi (X% per year).

Export Prices by Country

In 2022, the average folding boxboard export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price 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, folding boxboard export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Folding Boxboard Imports

Imports into South Africa

In 2022, the amount of folding boxboard imported into South Africa surged to X tons, rising by X% against the year before. In general, total imports indicated strong growth from 2012 to 2022: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard imports soared to $X in 2022. The total import 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 throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Finland (X tons) and the United States (X tons) were the main suppliers of folding boxboard imports to South Africa, with a combined X% share of total imports. South Korea, Australia, Pakistan, Brazil, India, the Netherlands, Germany, Italy, Sweden and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Pakistan ($X) and Finland ($X) constituted the largest folding boxboard suppliers to South Africa, together comprising X% of total imports.

Among the main suppliers, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average folding boxboard import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price saw a noticeable reduction. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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