Africa: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Africa

The African market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021, with an increase of 21% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Africa

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose remarkably to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 -12.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 50%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth remained at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports in Africa

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were exported in Africa; increasing by 13% against the year before. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa represented the largest exporting country with an export of around X tons, which finished at 53% of total exports. Egypt (X tons) took the second position in the ranking, distantly followed by Tunisia (X tons) and Zambia (X tons). All these countries together held approx. 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Egypt (with a CAGR of +72.2%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) supplier in Africa, comprising 57% of total exports. The second position in the ranking was taken by Egypt ($X), with a 25% share of total exports. It was followed by Zambia, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to +1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+62.5% per year) and Zambia (+40.8% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, jumping by 29% against the previous year. Over the period under review, the export price, however, saw a noticeable slump. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports in Africa

Imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) reached X tons in 2021, picking up by 3.8% against 2020 figures. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% 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

In 2021, Egypt (X tons), distantly followed by South Africa (X tons), Algeria (X tons), Morocco (X tons), Nigeria (X tons) and Kenya (X tons) represented the main importers of acrylic polymers, in primary forms (excluding polymethyl methacrylate), together creating 72% of total imports. Ghana (X tons), Tunisia (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons), Zambia (X tons), Angola (X tons) and Cote d'Ivoire (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 48% of total imports. These countries were followed by Morocco, Nigeria, Democratic Republic of the Congo, Kenya, Tunisia, Ghana, Zambia, Tanzania, Angola and Cote d'Ivoire, which together accounted for a further 39%.

Democratic Republic of the Congo, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a pronounced setback. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform