Africa: Polycarbonate Market 2024

Polycarbonate Market Size in Africa

The African polycarbonate market fell modestly to $X in 2022, with a decrease of -3.5% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Polycarbonate Production in Africa

In value terms, polycarbonate production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Polycarbonate Exports

Exports in Africa

In 2022, shipments abroad of polycarbonates (in primary forms) increased by 37% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 135% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, polycarbonate exports soared to $X in 2022. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 156%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Morocco (X tons) and South Africa (X tons) represented the main exporters of polycarbonates (in primary forms) in 2022, recording near 38% and 37% of total exports, respectively. Egypt (X tons) ranks next in terms of the total exports with a 12% share, followed by Swaziland (5.9%). Tunisia (X tons) and Kenya (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +91.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and South Africa ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 81% of total exports.

Among the main exporting countries, Morocco, with a CAGR of +75.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of -5.6% against the previous year. Over the period under review, the export price showed a mild downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 46%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Polycarbonate Imports

Imports in Africa

In 2022, the amount of polycarbonates (in primary forms) imported in Africa rose rapidly to X tons, picking up by 13% compared with 2021 figures. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, polycarbonate imports surged to $X in 2022. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Egypt (X tons) and Morocco (X tons) were the main importers of polycarbonates (in primary forms) in Africa, together accounting for near 60% of total imports. South Africa (X tons) held the next position in the ranking, followed by Tunisia (X tons). All these countries together took near 25% share of total imports. The following importers - Nigeria (X tons), Tanzania (X tons) and Algeria (X tons) - together made up 12% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of +36.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarbonate importing markets in Africa were Egypt ($X), Morocco ($X) and South Africa ($X), with a combined 78% share of total imports. Tunisia, Nigeria, Tanzania and Algeria lagged somewhat behind, together accounting for a further 20%.

Among the main importing countries, Tanzania, with a CAGR of +35.5%, recorded the highest rates of growth with regard to 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 2022, growing by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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