Africa: Silicone Market 2024

Silicone Market Size in Africa

The African silicone market reached $X in 2021, therefore, remained relatively stable against the previous year. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 decreased by +0.1% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Silicone Production in Africa

In value terms, silicone production declined to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 -7.0% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 29%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Silicone Exports

Exports in Africa

In 2021, the amount of silicones (in primary forms) exported in Africa surged to X tons, increasing by 142% against 2020 figures. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicone exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the key exporting country with an export of around X tons, which finished at 72% of total exports. It was distantly followed by Egypt (X tons), committing a 21% share of total exports. The following exporters - Tunisia (X tons) and Namibia (X tons) - each amounted to a 4.4% share of total exports.

Exports from South Africa increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Egypt (+36.9%) and Tunisia (+12.3%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +36.9% from 2012-2021. By contrast, Namibia (-9.2%) illustrated a downward trend over the same period. Egypt (+19 p.p.) significantly strengthened its position in terms of the total exports, while Namibia and South Africa saw its share reduced by -6.5% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicone supplying countries in Africa were South Africa ($X), Egypt ($X) and Tunisia ($X), together accounting for 95% of total exports.

Among the main exporting countries, Egypt, with a CAGR of +60.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, which is down by -3.2% against the previous year. In general, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, 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 Egypt ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+17.2%), while the other leaders experienced a decline in the export price figures.

Silicone Imports

Imports in Africa

In 2021, overseas purchases of silicones (in primary forms) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 16%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silicone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X tons), Egypt (X tons), Nigeria (X tons) and Algeria (X tons) represented roughly 56% of total imports in 2021. Morocco (X tons) ranks next in terms of the total imports with a 6.2% share, followed by Tunisia (5.6%). Cote d'Ivoire (X tons), Angola (X tons), Kenya (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons), Ethiopia (X tons) and Tanzania (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ethiopia (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicone importing markets in Africa were Egypt ($X), South Africa ($X) and Algeria ($X), with a combined 53% share of total imports. Morocco, Tunisia, Nigeria, Angola, Cote d'Ivoire, Kenya, Democratic Republic of the Congo, Ethiopia, Tanzania and Zambia lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +16.3%, 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

The import price in Africa stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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