Africa: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Africa

The African market for polyethylene with a specific gravity of less than X, in primary forms was estimated at $X in 2021, surging by 1.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Africa

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 12%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Africa

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -7.5% to X tons, falling for the second year in a row after three years of growth. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -36.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 66% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Egypt (X tons) prevails in forms structure, together committing 93% of total exports. Morocco (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Morocco (with a CAGR of +28.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest polyethylene with a specific gravity of less than X supplying countries in Africa were South Africa ($X), Egypt ($X) and Morocco ($X), together comprising 96% of total exports.

Among the main exporting countries, Morocco, with a CAGR of +21.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, growing by 56% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Morocco ($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 (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Africa

After two years of growth, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by -17.4% to X tons in 2021. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 14%. The volume of import peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Egypt (X tons), Algeria (X tons), Morocco (X tons), Nigeria (X tons), South Africa (X tons), Kenya (X tons), Tunisia (X tons), Cote d'Ivoire (X tons), Ghana (X tons), Togo (X tons), Tanzania (X tons) and Ethiopia (X tons) represented the largest importer of polyethylene with a specific gravity of less than X, in primary forms in Africa, achieving 85% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ethiopia (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Nigeria ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 43% of total imports. These countries were followed by Morocco, South Africa, Kenya, Tunisia, Cote d'Ivoire, Ghana, Tanzania, Togo and Ethiopia, which together accounted for a further 43%.

In terms of the main importing countries, Ethiopia, with a CAGR of +30.7%, recorded 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

In 2021, the import price in Africa amounted to $X per ton, surging by 49% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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