Africa: Market for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Africa

After three years of decline, the African market for other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 10% to $X in 2021. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.9% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning in Africa

In value terms, production of other synthetic tow and staple not carded, combed or otherwise processed for spinning rose remarkably to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -30.9% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Exports in Africa

In 2021, the amount of other synthetic tow and staple not carded, combed or otherwise processed for spinning exported in Africa soared to X tons, growing by 24% against 2020 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 303% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of other synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 233% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

South Africa prevails in spinning structure, reaching X tons, which was near 85% of total exports in 2021. It was distantly followed by Tanzania (X tons), making up a 7.6% share of total exports. Nigeria (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to other synthetic tow and staple not carded, combed or otherwise processed for spinning exports from South Africa stood at +30.9%. At the same time, Tanzania (+81.1%) and Nigeria (+58.6%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of +81.1% from 2012-2021. South Africa (+30 p.p.), Tanzania (+7.3 p.p.) and Nigeria (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest other synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in Africa, comprising 88% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +28.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (+43.7% per year) and Nigeria (+28.2% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, picking up by 9.2% against the previous year. In general, the export price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2015 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Other Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed For Spinning

Imports in Africa

In 2021, overseas purchases of other synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 23% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% 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 increased by +55.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 36% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 increased by +101.2% against 2013 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Kenya represented the major importer of other synthetic tow and staple not carded, combed or otherwise processed for spinning in Africa, with the volume of imports accounting for X tons, which was near 42% of total imports in 2021. Tanzania (X tons) took the second position in the ranking, distantly followed by Nigeria (X tons), Cameroon (X tons) and Angola (X tons). All these countries together held near 49% share of total imports. South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) constitutes the largest market for imported other synthetic tow and staple not carded, combed or otherwise processed for spinning in Africa, comprising 40% of total imports. The second position in the ranking was held by Tanzania ($X), with a 19% share of total imports. It was followed by Nigeria, with a 16% share.

In Kenya, imports of other synthetic tow and staple not carded, combed or otherwise processed for spinning expanded at an average annual rate of +42.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+13.9% per year) and Nigeria (-2.6% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, falling by -4.6% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2019 when the import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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