Africa: Abs Copolymers Market 2024

Abs Copolymers Market Size in Africa

The African ABS copolymers market expanded modestly to $X in 2021, growing by 3.7% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.7% against 2019 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Abs Copolymers Production in Africa

In value terms, ABS copolymers production stood at $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 41%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Abs Copolymers Exports

Exports in Africa

ABS copolymers exports surged to X tons in 2021, jumping by 47% compared with 2020 figures. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 148%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ABS copolymers exports soared to $X in 2021. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Africa (X tons), distantly followed by Nigeria (X tons), Ghana (X tons), Tanzania (X tons), Cote d'Ivoire (X tons), Cameroon (X tons), Kenya (X tons) and Swaziland (X tons) were the major exporters of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, together making up 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Cameroon (with a CAGR of +170.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the largest ABS copolymers supplier in Africa, comprising 47% of total exports. The second position in the ranking was held by Nigeria ($X), with a 9.4% share of total exports. It was followed by Swaziland, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +16.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+41.8% per year) and Swaziland (+49.8% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, picking up by 58% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cameroon (+12.2%), while the other leaders experienced a decline in the export price figures.

Abs Copolymers Imports

Imports in Africa

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ABS copolymers imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern 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.

Imports by Country

Egypt represented the major importer of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Africa, with the volume of imports resulting at X tons, which was near 58% of total imports in 2021. South Africa (X tons) ranks second in terms of the total imports with an 18% share, followed by Morocco (7.9%), Algeria (7.8%) and Tunisia (5.5%).

Imports into Egypt increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Morocco (+11.6%), Tunisia (+7.4%) and Algeria (+2.5%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of +11.6% from 2012-2021. By contrast, South Africa (-3.7%) illustrated a downward trend over the same period. While the share of Egypt (+8 p.p.), Morocco (+4.2 p.p.) and Tunisia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Africa, comprising 62% of total imports. The second position in the ranking was taken by South Africa ($X), with an 18% share of total imports. It was followed by Morocco, with a 7.4% share.

In Egypt, ABS copolymers imports expanded at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (-2.2% per year) and Morocco (+11.8% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, jumping by 46% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Tunisia ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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