Africa: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Africa

The African vulcanised rubber seal market reached $X in 2022, growing by 5.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Seal Production in Africa

In value terms, vulcanised rubber seal production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 31%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Vulcanised Rubber Seal Exports

Exports in Africa

After two years of decline, overseas shipments of seals of vulcanised rubber increased by 21% to X tons in 2022. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 211%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber seal exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 189%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Morocco (X tons) was the main exporter of seals of vulcanised rubber, constituting 75% of total exports. It was distantly followed by South Africa (X tons), making up a 21% share of total exports. Tunisia (X tons) took a little share of total exports.

Morocco was also the fastest-growing in terms of the seals of vulcanised rubber exports, with a CAGR of +62.9% from 2012 to 2022. At the same time, South Africa (+3.3%) displayed positive paces of growth. By contrast, Tunisia (-17.2%) illustrated a downward trend over the same period. While the share of Morocco (+73 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-24.6 p.p.) and Tunisia (-41.4 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) remains the largest vulcanised rubber seal supplier in Africa, comprising 66% of total exports. The second position in the ranking was taken by South Africa ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Morocco totaled +61.2%. In the other countries, the average annual rates were as follows: South Africa (+2.9% per year) and Tunisia (-7.1% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by -10.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+12.2%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Seal Imports

Imports in Africa

In 2022, after three years of decline, there was significant growth in supplies from abroad of seals of vulcanised rubber, when their volume increased by 9.6% to X tons. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, vulcanised rubber seal imports reached $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Egypt (X tons) and South Africa (X tons) represented the largest importers of seals of vulcanised rubber in 2022, resulting at approx. 20% and 20% of total imports, respectively. Nigeria (X tons) held a 5.6% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (5.1%) and Morocco (5%). Algeria (X tons), Ethiopia (X tons), Tunisia (X tons), Sierra Leone (X tons), Kenya (X tons), Namibia (X tons), Botswana (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported seals of vulcanised rubber in Africa, comprising 23% of total imports. The second position in the ranking was held by Egypt ($X), with a 9.6% share of total imports. It was followed by Tunisia, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +1.4%. In the other countries, the average annual rates were as follows: Egypt (+1.6% per year) and Tunisia (+3.7% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, reducing by -8.5% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by 19% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Egypt ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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