Africa: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Africa

The African market for rigid tubes, pipes and hoses of polymers of vinyl chloride totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +3.9% 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 hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Africa

In value terms, vinyl chloride polymer rigid pipes production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Africa

In 2022, shipments abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 -5.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 38% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports surged to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value 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, exports increased by +153.6% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 39% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Cote d'Ivoire (X tons) and Egypt (X tons) represented roughly 58% of total exports in 2022. It was distantly followed by Botswana (X tons), South Africa (X tons) and Ghana (X tons), together constituting a 27% share of total exports. Togo (X tons) and Kenya (X tons) held a relatively small 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 Togo (with a CAGR of +13.1%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Africa, comprising 42% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 14% share of total exports. It was followed by Botswana, with a 14% share.

In Egypt, vinyl chloride polymer rigid pipes exports increased at an average annual rate of +8.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+1.8% per year) and Botswana (+6.6% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, picking up by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the export price increased by 34% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Africa

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.6% 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 2019 with an increase of 33%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports fell slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 31%. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, Nigeria (X tons), Burkina Faso (X tons) and South Africa (X tons) was the key importer of rigid tubes, pipes and hoses of polymers of vinyl chloride in Africa, committing 29% of total import. It was followed by Tanzania (X tons), Libya (X tons), Morocco (X tons) and Benin (X tons), together achieving a 20% share of total imports. The following importers - Ghana (X tons), Niger (X tons), Mali (X tons), Senegal (X tons), Tunisia (X tons) and Zambia (X tons) - together made up 20% 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 Tanzania (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2022, with a combined 28% share of total imports.

In terms of the main importing countries, South Africa, with a CAGR of +22.3%, 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 2022, the import price in Africa amounted to $X per ton, shrinking by -4.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 21%. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Tunisia ($X per ton), while Burkina Faso ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :