Africa: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Africa

For the third consecutive year, the African polypropylene in primary forms market recorded growth in sales value, which increased by 3.9% to $X in 2022. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Polypropylene in Primary Forms in Africa

In value terms, polypropylene in primary forms production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports in Africa

In 2022, the amount of polypropylene in primary forms exported in Africa declined to X tons, reducing by -13.4% on the year before. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.9% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports shrank dramatically to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

South Africa represented the key exporter of polypropylene in primary forms in Africa, with the volume of exports accounting for X tons, which was approx. 63% of total exports in 2022. It was distantly followed by Egypt (X tons), making up a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Egypt (with a CAGR of +8.0%).

In value terms, South Africa ($X) and Egypt ($X) were the countries with the highest levels of exports in 2022.

Egypt, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with a decrease of -9.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.9%).

Imports of Polypropylene in Primary Forms

Imports in Africa

In 2022, overseas purchases of polypropylene in primary forms were finally on the rise to reach X tons after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.6% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polypropylene in primary forms imports expanded notably to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +41.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), distantly followed by Nigeria (X tons), Algeria (X tons), Morocco (X tons), Kenya (X tons) and Tanzania (X tons) were the main importers of polypropylene in primary forms, together comprising 62% of total imports. The following importers - Cote d'Ivoire (X tons), Ghana (X tons), Tunisia (X tons), Sudan (X tons), Djibouti (X tons), South Africa (X tons) and Ethiopia (X tons) - together made up 19% of total imports.

Imports into Egypt increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Sudan (+15.3%), Djibouti (+11.7%), Ghana (+10.7%), Algeria (+10.7%), South Africa (+8.6%), Cote d'Ivoire (+8.4%), Ethiopia (+7.5%), Tanzania (+5.8%), Morocco (+5.7%), Kenya (+5.1%) and Tunisia (+2.7%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in Africa, with a CAGR of +15.3% from 2012-2022. By contrast, Nigeria (-1.3%) illustrated a downward trend over the same period. Algeria (+3.7 p.p.) and Sudan (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -9.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polypropylene in primary forms importing markets in Africa were Nigeria ($X), Egypt ($X) and Morocco ($X), with a combined 56% share of total imports. Algeria, Tanzania, Kenya, Cote d'Ivoire, South Africa, Ghana, Tunisia, Sudan, Djibouti and Ethiopia lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Sudan, with a CAGR of +14.1%, saw 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, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a slight increase. The pace of growth appeared the most rapid in 2021 when the import price increased by 42% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain 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 ($X per ton), while Ethiopia ($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 (+11.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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