Africa: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Africa

The African market for isoprene rubber (IR) in primary forms soared to $X in 2021, picking up by 39% against the previous year. Overall, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Africa

In value terms, production of isoprene rubber (IR) in primary forms shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 4.7% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports in Africa

In 2021, shipments abroad of isoprene rubber (IR) in primary forms increased by 5.6% to X tons for the first time since 2013, thus ending a seven-year declining trend. In general, exports, however, showed a significant decline. The pace of growth appeared the most rapid in 2013 when exports increased by 24%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of isoprene rubber (IR) in primary forms rose notably to $X in 2021. Overall, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by 12%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) and South Africa (X tons) dominates forms structure, together committing 80% of total exports. It was distantly followed by Cote d'Ivoire (X tons) and Ghana (X tons), together achieving an 18% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +21.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest isoprene rubber (IR) in primary form supplier in Africa, comprising 55% of total exports. The second position in the ranking was held by Ghana ($X), with a 24% share of total exports. It was followed by Cote d'Ivoire, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at -33.8%. In the other countries, the average annual rates were as follows: Ghana (+2.3% per year) and Cote d'Ivoire (-14.8% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, with an increase of 4.3% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the export price increased by 38% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports in Africa

Imports of isoprene rubber (IR) in primary forms soared to X tons in 2021, jumping by 30% on 2020 figures. In general, imports, however, showed a pronounced decline. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of isoprene rubber (IR) in primary forms skyrocketed to $X in 2021. Overall, imports, however, saw a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) represented the largest importer of isoprene rubber (IR) in primary forms, generating 55% of total imports. South Africa (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (6.1%). Kenya (X tons), Algeria (X tons), Morocco (X tons) and Ethiopia (X tons) held a relatively small share of total imports.

Imports into Egypt decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Kenya (+40.8%), Algeria (+25.3%) and Morocco (+9.3%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of +40.8% from 2012-2021. Ethiopia experienced a relatively flat trend pattern. By contrast, Tunisia (-1.8%) and South Africa (-6.7%) illustrated a downward trend over the same period. Kenya (+3.9 p.p.), Algeria (+2.3 p.p.) and Morocco (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -9.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported isoprene rubber (IR) in primary forms in Africa, comprising 56% of total imports. The second position in the ranking was held by South Africa ($X), with a 21% share of total imports. It was followed by Tunisia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt amounted to -3.5%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-15.2% per year) and Tunisia (-5.1% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 12% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 28%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ethiopia ($X per ton), while Kenya ($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 (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform