Africa: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2022

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Africa

For the third year in a row, the African solid vulcanised rubber sheet market recorded growth in sales value, which increased by 1.9% to $X in 2021. Over the period under review, consumption, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the market value increased by 4.4%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Africa

In value terms, solid vulcanised rubber sheet production dropped modestly to $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 5.4% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports in Africa

In 2021, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 34%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports soared to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 52% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, South Africa (X tons) was the main exporter of plates, sheets, strips for floor covering of solid vulcanised rubber, making up 57% of total exports. Egypt (X tons) ranks second in terms of the total exports with a 25% share, followed by Tanzania (14%).

Exports from South Africa increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Tanzania (+26.3%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of +26.3% from 2012-2021. By contrast, Egypt (-10.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa and Tanzania increased by +20 and +13 percentage points, respectively.

In value terms, South Africa ($X) remains the largest solid vulcanised rubber sheet supplier in Africa, comprising 78% of total exports. The second position in the ranking was held by Egypt ($X), with a 15% share of total exports.

In South Africa, solid vulcanised rubber sheet exports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (-5.0% per year) and Tanzania (-8.6% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, surging by 8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2020 an increase of 20%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+6.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports in Africa

Solid vulcanised rubber sheet imports amounted to X tons in 2021, leveling off at 2020 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of solid vulcanised rubber sheet imports in 2021 were Nigeria (X tons), Ghana (X tons), Morocco (X tons) and South Africa (X tons), together accounting for 57% of total import. It was distantly followed by Egypt (X tons), making up a 6.8% share of total imports. Kenya (X tons), Algeria (X tons), Madagascar (X tons), Tunisia (X tons), Cote d'Ivoire (X tons), Sudan (X tons) and Senegal (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Madagascar (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet importing markets in Africa were Ghana ($X), South Africa ($X) and Morocco ($X), together accounting for 41% of total imports. These countries were followed by Nigeria, Egypt, Tunisia, Algeria, Madagascar, Kenya, Sudan, Senegal and Cote d'Ivoire, which together accounted for a further 44%.

Madagascar, with a CAGR of +20.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Africa stood at $X per ton in 2021, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 when the import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Sudan (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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