Africa: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Africa

The African ethylene polymer bag market totaled $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Ethylene Polymer Bag Production in Africa

In value terms, ethylene polymer bag production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ethylene Polymer Bag Exports

Exports in Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of sacks and bags of polymers of ethylene, when their volume increased by 29% to X tons. In general, exports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 45%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports surged to $X in 2022. Overall, exports, however, showed a slight decline. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo represented the largest exporting country with an export of around X tons, which resulted at 63% of total exports. South Africa (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together held near 26% share of total exports. The following exporters - Swaziland (X tons) and Egypt (X tons) - each resulted at a 3.8% share of total exports.

Togo was also the fastest-growing in terms of the sacks and bags of polymers of ethylene exports, with a CAGR of +6.8% from 2012 to 2022. At the same time, South Africa (+1.9%) and Swaziland (+1.5%) displayed positive paces of growth. Egypt experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (-15.9%) illustrated a downward trend over the same period. While the share of Togo (+34 p.p.) and South Africa (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (-28.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ethylene polymer bag supplying countries in Africa were Togo ($X), South Africa ($X) and Cote d'Ivoire ($X), with a combined 88% share of total exports.

Togo, with a CAGR of +6.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, shrinking by -6.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 South Africa (+3.5%), while the other leaders experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports in Africa

In 2022, approx. X tons of sacks and bags of polymers of ethylene were imported in Africa; declining by -2.4% on the year before. The total import volume increased at an average annual rate of +3.7% over the period 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 2013 when imports increased by 45%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports declined to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 30%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Angola (X tons), Mali (X tons), Ghana (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Burkina Faso (X tons), Mozambique (X tons), Somalia (X tons), Senegal (X tons), Morocco (X tons), Nigeria (X tons) and Gabon (X tons) was the key importer of sacks and bags of polymers of ethylene in Africa, achieving 72% of total import. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Somalia (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Mali ($X) and Angola ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 29% of total imports. Democratic Republic of the Congo, Ghana, Senegal, Somalia, Morocco, Nigeria, Namibia, Gabon, Mozambique and Burkina Faso lagged somewhat behind, together comprising a further 40%.

Somalia, with a CAGR of +36.5%, 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

In 2022, the import price in Africa amounted to $X per ton, which is down by -4.6% against the previous year. In general, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 South Africa ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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