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South Africa - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2025

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

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Jul 6, 2023

Synthetic Rubber Price in South Africa Bottoms at $2,107 per Ton

South Africa Synthetic Rubber Import Price in April 2023

In April 2023, the synthetic rubber price amounted to $2,107 per ton (CIF, South Africa), shrinking by -9.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 17% m-o-m. As a result, import price reached the peak level of $2,824 per ton. From July 2022 to April 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Japan ($4,031 per ton), while the price for Russia ($1,531 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Synthetic Rubber in South Africa (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Japan2,5982,8013,4402,7432,8982,7043,6823,2642,7682,5993,2963,4494,031
China4,6764,3564,2563,1555,1393,7092,3214,4554,3983,9395,1644,0413,152
France2,1632,9083,0363,5182,5275,3303,2832,6303,2783,0213,2035,0292,504
United Kingdom2,4752,6343,0632,7532,5642,8062,7962,9773,7092,6742,8023,0502,472
Taiwan (Chinese)1,7892,2182,4211,5531,7612,3022,1082,4082,2692,1351,8703,8072,211
Singapore2,2622,3792,7432,2503,0142,8682,7742,5542,5612,8532,3722,5452,015
Thailand2,0751,6492,0102,1332,3432,1502,3112,3482,0231,9281,7662,0301,999
Germany2,4152,8762,5652,3672,6323,0352,6512,8294,3202,4662,4221,9921,988
Italy2,0012,1452,3642,2162,3552,1052,1222,6342,1231,9732,1142,9101,917
Czech Republic1,9862,0902,3082,1782,2062,1852,2872,4872,3872,1142,1782,0601,895
Poland2,1541,9312,1602,1032,2972,2742,2222,3332,0992,0501,8411,9191,889
Saudi Arabia1,9322,2522,1662,2772,0052,0682,0812,2141,9021,6871,5791,6771,574
Russia1,9081,7252,0362,1412,1071,7581,9852,2382,0941,4971,4511,5351,531
Average2,2442,4122,8242,3312,6512,5952,3082,5912,5472,3692,3762,3372,107

South Africa Synthetic Rubber Imports

In April 2023, after two months of decline, there was significant growth in purchases abroad of synthetic rubber, when their volume increased by 30% to 4.1K tons. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 with an increase of 48% against the previous month.

In value terms, synthetic rubber imports skyrocketed to $8.7M (IndexBox estimates) in April 2023. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when imports increased by 31% against the previous month.

South Africa Synthetic Rubber Imports by Country

In April 2023, Italy (1.3K tons) constituted the largest supplier of synthetic rubber to South Africa, accounting for a 30% share of total imports. Moreover, synthetic rubber imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (595 tons), twofold. The third position in this ranking was taken by the Czech Republic (285 tons), with a 6.9% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Italy stood at +15.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (+5.2% per month) and the Czech Republic (+8.2% per month).

In value terms, Italy ($2.4M) constituted the largest supplier of synthetic rubber to South Africa, comprising 28% of total imports. The second position in the ranking was held by Poland ($1.1M), with a 13% share of total imports. It was followed by China, with a 7.3% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from Italy stood at +15.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Poland (+4.0% per month) and China (+3.3% per month).

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • Prodcom 20171050 - Synthetic latex rubber
  • Prodcom 20171090 - Synthetic rubber (excluding latex)

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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