Africa: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Africa

In 2022, the African polyvinyl chloride market increased by 4.6% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.9% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Polyvinyl Chloride Production in Africa

In value terms, polyvinyl chloride production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 93%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Polyvinyl Chloride Exports

Exports in Africa

In 2022, shipments abroad of polyvinyl chloride was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 273% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, polyvinyl chloride exports amounted to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 64%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Egypt represented the major exporting country with an export of about X tons, which reached 78% of total exports. It was distantly followed by South Africa (X tons), making up an 18% share of total exports.

Egypt was also the fastest-growing in terms of the polyvinyl chloride exports, with a CAGR of +9.5% from 2012 to 2022. South Africa (-1.3%) illustrated a downward trend over the same period. While the share of Egypt (+22 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-18.4 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest polyvinyl chloride supplier in Africa, comprising 77% of total exports. The second position in the ranking was held by South Africa ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt totaled +11.7%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of 5.8% against the previous year. Over the period under review, the export price showed a notable increase. The growth pace was the most rapid in 2015 an increase of 101% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Egypt amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.7%).

Polyvinyl Chloride Imports

Imports in Africa

In 2022, overseas purchases of polyvinyl chloride increased by 6.1% to X tons, rising for the sixth year in a row after two years of decline. The total import volume increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 19%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, polyvinyl chloride imports expanded notably to $X in 2022. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 47%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Egypt (X tons), distantly followed by Algeria (X tons), Nigeria (X tons), South Africa (X tons), Morocco (X tons), Kenya (X tons) and Cote d'Ivoire (X tons) represented the largest importers of polyvinyl chloride, together constituting 70% of total imports. The following importers - Ghana (X tons), Tunisia (X tons), Ethiopia (X tons), Botswana (X tons), Tanzania (X tons) and Djibouti (X tons) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Djibouti (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride importing markets in Africa were Egypt ($X), Nigeria ($X) and Algeria ($X), together accounting for 52% of total imports. Morocco, South Africa, Botswana, Cote d'Ivoire, Kenya, Ghana, Tunisia, Ethiopia, Tanzania and Djibouti lagged somewhat behind, together comprising a further 38%.

Botswana, with a CAGR of +16.9%, saw 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

In 2022, the import price in Africa amounted to $X per ton, approximately reflecting the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +57.0% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 46% 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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