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South Africa - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
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South Africa: Synthetic Rubber Market Overview 2021

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Synthetic Rubber Market Size in South Africa

The South African synthetic rubber market was estimated at $X in 2019, rising by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Synthetic Rubber Production in South Africa

In value terms, synthetic rubber production contracted modestly to $X in 2019 estimated in export prices. Over the period under review, production showed a slight setback. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

Synthetic Rubber Exports

Exports from South Africa

For the third consecutive year, South Africa recorded decline in overseas shipments of synthetic rubber, which decreased by -X% to X tonnes in 2019. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, synthetic rubber exports declined to $X in 2019. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Zambia (X tonnes), Zimbabwe (X tonnes) and Namibia (X tonnes) were the main destinations of synthetic rubber exports from South Africa, together accounting for X% of total exports. These countries were followed by Mauritius, Democratic Republic of the Congo, Mozambique and Malawi, which together accounted for a further X 2007 to 2019, the biggest increases were in Democratic Republic of the Congo (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for synthetic rubber exported from South Africa were Zimbabwe ($X), Zambia ($X) and Namibia ($X), together comprising X% of total exports. Mauritius, Malawi, Mozambique and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X terms of the main countries of destination, Democratic Republic of the Congo saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average synthetic rubber export price amounted to $X per tonne, leveling off at the previous year. Overall, the export price recorded a mild downturn. The growth pace was the most rapid in 2010 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Malawi ($X per tonne), while the average price for exports to Democratic Republic of the Congo ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius, while the prices for the other major destinations experienced mixed trend patterns.

Synthetic Rubber Imports

Imports into South Africa

For the fourth consecutive year, South Africa recorded growth in supplies from abroad of synthetic rubber, which increased by X% to X tonnes in 2019. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in years to come.

In value terms, synthetic rubber imports reached $X in 2019. Over the period under review, total imports indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tonnes), Germany (X tonnes) and Italy (X tonnes) were the main suppliers of synthetic rubber imports to South Africa, with a combined X% share of total imports. These countries were followed by Taiwan (Chinese), the Czech Republic, Russia, South Korea, Japan, Thailand, Saudi Arabia, the UK and the Netherlands, which together accounted for a further X 2007 to 2019, the biggest increases were in Saudi Arabia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to South Africa were Germany ($X), Poland ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Japan, Italy, the Czech Republic, South Korea, the UK, Russia, Thailand, Saudi Arabia and the Netherlands lagged somewhat behind, together comprising a further X the main suppliers, Saudi Arabia (+X% per year) recorded 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

In 2019, the average synthetic rubber import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price saw a slight reduction. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?
+
China (6M tonnes) remains the largest synthetic rubber consuming country worldwide, accounting for 28% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (2.8M tonnes), twofold. Japan (1.2M tonnes) ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of synthetic rubber in the world?
+
The countries with the highest volumes of synthetic rubber production in 2019 were the U.S. (3.1M tonnes), Japan (1.8M tonnes) and China (1.8M tonnes), together comprising 32% of global production. These countries were followed by South Korea, Russia, Thailand, Germany, Viet Nam, Indonesia, Mexico, France, Taiwan (Chinese) and Italy, which together accounted for a further 44%.
What are the leading suppliers of synthetic rubber to South Africa?
+
In value terms, the largest synthetic rubber suppliers to South Africa were Germany ($12M), Poland ($11M) and Taiwan (Chinese) ($9.9M), together accounting for 32% of total imports. These countries were followed by Japan, Italy, the Czech Republic, South Korea, the UK, Russia, Thailand, Saudi Arabia and the Netherlands, which together accounted for a further 52%.
What are the leading importers of synthetic rubber from South Africa?
+
In value terms, the largest markets for synthetic rubber exported from South Africa were Zimbabwe ($4.1M), Zambia ($3M) and Namibia ($2.3M), with a combined 53% share of total exports. Mauritius, Malawi, Mozambique and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 30%.
What is the average export price for synthetic rubber in South Africa?
+
The average synthetic rubber export price stood at $1,777 per tonne in 2019, approximately equating the previous year.
What is the average import price for synthetic rubber in South Africa?
+
In 2019, the average synthetic rubber import price amounted to $1,878 per tonne, falling by -10.6% against the previous year.

Product coverage:
• Prodcom 20171050 - Synthetic latex rubber
• Prodcom 20171090 - Synthetic rubber (excluding latex)

This report provides an in-depth analysis of the synthetic rubber market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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