Africa: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Africa

The African market for plastic hoses and hose fittings stood at $X in 2021, picking up by 6.7% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Production of Plastic Hoses and Hose Fittings in Africa

In value terms, plastic hose and hose fitting production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Plastic Hoses and Hose Fittings

Exports in Africa

In 2021, exports of plastic hoses and hose fittings in Africa rose rapidly to X tons, growing by 14% against the year before. Over the period under review, exports, however, recorded a pronounced decrease. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa was the main exporting country with an export of around X tons, which recorded 55% of total exports. Morocco (X tons) took the second position in the ranking, followed by Tunisia (X tons) and Togo (X tons). All these countries together held approx. 25% share of total exports. The following exporters - Ghana (X tons), Egypt (X tons) and Cote d'Ivoire (X tons) - together made up 9.4% of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic hose and hose fitting exports from South Africa stood at -2.2%. At the same time, Togo (+32.7%), Morocco (+16.4%), Cote d'Ivoire (+15.5%) and Ghana (+3.2%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of +32.7% from 2012-2021. By contrast, Tunisia (-4.1%) and Egypt (-25.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Morocco, Togo, Ghana and Cote d'Ivoire increased by +10, +9.7, +5, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Tunisia ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2021, together comprising 85% of total exports. These countries were followed by Egypt, Togo, Ghana and Cote d'Ivoire, which together accounted for a further 8.8%.

Togo, with a CAGR of +30.1%, recorded 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 2021, the export price in Africa amounted to $X per ton, growing by 45% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic hose and hose fitting export price increased by +95.4% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Tunisia ($X per ton), while Togo ($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 (+16.1%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports in Africa

In 2021, overseas purchases of plastic hoses and hose fittings increased by 14% to X tons, rising for the fourth consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 16%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

In 2021, Algeria (X tons), followed by South Africa (X tons), Morocco (X tons), Libya (X tons), Egypt (X tons), Ghana (X tons) and Tunisia (X tons) were the key importers of plastic hoses and hose fittings, together generating 49% of total imports. Nigeria (X tons), Angola (X tons), Democratic Republic of the Congo (X tons), Mozambique (X tons), Tanzania (X tons) and Ethiopia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic hose and hose fitting importing markets in Africa were Algeria ($X), Tunisia ($X) and Egypt ($X), together accounting for 36% of total imports. South Africa, Morocco, Angola, Ghana, Libya, Mozambique, Democratic Republic of the Congo, Tanzania, Ethiopia and Nigeria lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, Tanzania, with a CAGR of +14.4%, 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

The import price in Africa stood at $X per ton in 2021, increasing by 2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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