Africa: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Africa

The African reclaimed rubber market stood at $X in 2021, surging by 5.5% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.7% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Reclaimed Rubber Production in Africa

In value terms, reclaimed rubber production totaled $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports in Africa

In 2021, exports of reclaimed rubber in Africa was estimated at X tons, standing approx. at 2020 figures. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 101% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, reclaimed rubber exports surged to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons) and South Africa (X tons) represented roughly 77% of total exports in 2021. It was distantly followed by Kenya (X tons), mixing up a 20% 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 Kenya (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the largest reclaimed rubber supplier in Africa, comprising 66% of total exports. The second position in the ranking was taken by South Africa ($X), with a 19% share of total exports.

In Egypt, reclaimed rubber exports expanded at an average annual rate of +20.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+3.3% per year) and Kenya (+39.3% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, growing by 62% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Reclaimed Rubber Imports

Imports in Africa

In 2021, reclaimed rubber imports in Africa surged to X tons, increasing by 31% on the previous year. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.7% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 48% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, reclaimed rubber imports skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 48%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons), Tanzania (X tons), Nigeria (X tons), Ghana (X tons), Uganda (X tons) and Senegal (X tons) represented the major importer of reclaimed rubber in Africa, making up 87% of total import. Cabo Verde (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +68.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest reclaimed rubber importing markets in Africa were South Africa ($X), Tanzania ($X) and Senegal ($X), together accounting for 55% of total imports.

Tanzania, with a CAGR of +76.6%, recorded the highest growth rate of the value of imports, among 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 2.1% against the previous year. In general, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :