Africa: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Africa

The African high-tenacity filament aramids yarn market expanded to $X in 2022, growing by 1.7% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Africa

In value terms, high-tenacity filament aramids yarn production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports in Africa

In 2022, the amount of high-tenacity filament yarn of aramids exported in Africa dropped dramatically to X tons, which is down by -40.4% compared with 2021. Over the period under review, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 81%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament aramids yarn exports shrank significantly to $X in 2022. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 118%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Morocco (X tons), South Africa (X tons), Niger (X tons), Tunisia (X tons) and Egypt (X tons) was the major exporter of high-tenacity filament yarn of aramids in Africa, generating 95% of total export. Mauritius (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +144.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament aramids yarn supplying countries in Africa were South Africa ($X), Niger ($X) and Morocco ($X), together accounting for 83% of total exports.

Morocco, with a CAGR of +164.8%, recorded the highest rates of growth with regard to 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

The export price in Africa stood at $X per ton in 2022, declining by -8.1% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when the export price increased by 466% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, 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 Niger ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.7%), while the other leaders experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports in Africa

In 2022, imports of high-tenacity filament yarn of aramids in Africa rose notably to X tons, with an increase of 7.1% on 2021 figures. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 90%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn imports rose markedly to $X in 2022. Over the period under review, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 99.9%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) represented the largest importer of high-tenacity filament yarn of aramids, making up 51% of total imports. It was distantly followed by Morocco (X tons), Uganda (X tons) and Ethiopia (X tons), together creating a 40% share of total imports. Egypt (X tons) and Algeria (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament aramids yarn imports into South Africa stood at +3.7%. At the same time, Uganda (+206.1%), Morocco (+165.7%) and Ethiopia (+31.9%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in Africa, with a CAGR of +206.1% from 2012-2022. By contrast, Egypt (-20.0%) and Algeria (-30.3%) illustrated a downward trend over the same period. While the share of South Africa (+30 p.p.), Morocco (+25 p.p.), Uganda (+9.8 p.p.) and Ethiopia (+4.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-12.6 p.p.) and Algeria (-47.1 p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Morocco ($X) and Uganda ($X) were the countries with the highest levels of imports in 2022, together accounting for 92% of total imports.

Uganda, with a CAGR of +316.7%, saw the highest rates of growth with regard to 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, growing by 6.6% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, high-tenacity filament aramids yarn import price increased by +106.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+36.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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