Africa: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Africa

The African market for cellular plates, sheets and films of polyymers of styrene was estimated at $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.0% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Africa

In value terms, production of cellular plates, sheets and films of polyymers of styrene amounted to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 22%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in Africa

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by -28.9% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 163% against the previous year. The volume of export peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene declined significantly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 157% against the previous year. The level of export peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

South Africa was the major exporter of cellular plates, sheets and films of polyymers of styrene in Africa, with the volume of exports amounting to X tons, which was near 52% of total exports in 2022. Egypt (X tons) took the second position in the ranking, distantly followed by Kenya (X tons). All these countries together held approx. 41% share of total exports. Ghana (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +12.8% from 2012 to 2022. At the same time, Egypt (+13.3%), Ghana (+13.2%) and Kenya (+12.0%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +13.3% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest polystyrene cellular plates, sheets and films supplying countries in Africa were South Africa ($X), Egypt ($X) and Kenya ($X), together accounting for 94% of total exports.

Egypt, with a CAGR of +14.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, reducing by -9.3% against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in Africa

In 2022, purchases abroad of cellular plates, sheets and films of polyymers of styrene decreased by -4.5% to X tons, falling for the third consecutive year after three years of growth. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene expanded slightly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Nigeria (X tons), Morocco (X tons) and Tanzania (X tons) represented the largest importers of cellular plates, sheets and films of polyymers of styrene, together generating 52% of total imports. Kenya (X tons), Ethiopia (X tons), Libya (X tons), Democratic Republic of the Congo (X tons), Zimbabwe (X tons), Algeria (X tons), Egypt (X tons), Zambia (X tons) and Burundi (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burundi (with a CAGR of +82.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 49% of total imports. Algeria, Tanzania, Ethiopia, Egypt, Kenya, Democratic Republic of the Congo, Libya, Zimbabwe, Zambia and Burundi lagged somewhat behind, together accounting for a further 28%.

Burundi, with a CAGR of +86.0%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Africa amounted to $X per ton, rising by 6.8% against the previous year. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Burundi ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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