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

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

The African high-tenacity filament polyester yarn market expanded markedly to $X in 2021, increasing by 9.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Africa

In value terms, high-tenacity filament polyester yarn production rose markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in Africa

In 2021, high-tenacity filament polyester yarn exports in Africa skyrocketed to X tons, rising by 285% on 2020 figures. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 324% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 282% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Egypt prevails in exports structure, finishing at X tons, which was near 84% of total exports in 2021. It was distantly followed by Rwanda (X tons) and Mauritius (X tons), together comprising a 13% share of total exports.

Exports from Egypt increased at an average annual rate of +17.5% from 2012 to 2021. At the same time, Rwanda (+682.5%) and Mauritius (+24.4%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of +682.5% from 2012-2021. From 2012 to 2021, the share of Egypt, Rwanda and Mauritius increased by +44, +6.9 and +4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest high-tenacity filament polyester yarn supplier in Africa, comprising 87% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 7.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Egypt totaled +20.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (+25.0% per year) and Rwanda (+492.8% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, with a decrease of -4% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, high-tenacity filament polyester yarn export price decreased by -14.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 42%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mauritius ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in Africa

In 2021, supplies from abroad of high-tenacity filament yarn of polyesters increased by 37% 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 +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) was the major importer of high-tenacity filament yarn of polyesters, committing 40% of total imports. Ethiopia (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (11%) and Morocco (5.1%). Egypt (X tons), Djibouti (X tons), Kenya (X tons), Tanzania (X tons), Lesotho (X tons) and Ghana (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest high-tenacity filament polyester yarn importing markets in Africa were South Africa ($X), Ethiopia ($X) and Tunisia ($X), with a combined 69% share of total imports.

Among the main importing countries, Ethiopia, with a CAGR of +38.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 23%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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