Africa: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Africa

In 2021, the African vulcanised cellular rubber articles market decreased by -5% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 +81.7% against 2015 indices. Over the period under review, the market reached the peak level at $X in 2020, and then shrank slightly in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Africa

In value terms, vulcanised cellular rubber articles production fell slightly to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.7% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 39%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Africa

In 2021, shipments abroad of vulcanised cellular rubber articles for technical uses was finally on the rise to reach X tons after two years of decline. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. Overall, exports, however, continue to indicate a mild contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) and Morocco (X tons) dominates exports structure, together achieving 86% of total exports. It was distantly followed by Mauritius (X tons), achieving a 4.7% share of total exports. Egypt (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mauritius (with a CAGR of +155.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised cellular rubber articles supplying countries in Africa were South Africa ($X), Morocco ($X) and Mauritius ($X), together comprising 89% of total exports.

In terms of the main exporting countries, Mauritius, with a CAGR of +191.2%, saw 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

The export price in Africa stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 46%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mauritius ($X per ton), while Egypt ($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 (+16.4%), while the other leaders experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Africa

In 2021, purchases abroad of vulcanised cellular rubber articles for technical uses decreased by -8% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, vulcanised cellular rubber articles imports stood at $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 37%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Egypt (X tons) and Libya (X tons) represented the key importers of vulcanised cellular rubber articles for technical uses in 2021, accounting for approx. 16% and 12% of total imports, respectively. Ghana (X tons) held the next position in the ranking, followed by Morocco (X tons), South Africa (X tons) and Sudan (X tons). All these countries together took approx. 22% share of total imports. Senegal (X tons), Kenya (X tons), Mozambique (X tons), Nigeria (X tons), Tanzania (X tons), Algeria (X tons) and Djibouti (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Africa, comprising 25% of total imports. The second position in the ranking was taken by South Africa ($X), with a 9.4% share of total imports. It was followed by Morocco, with a 7.1% share.

In Egypt, vulcanised cellular rubber articles imports increased at an average annual rate of +7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (-3.9% per year) and Morocco (+36.1% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, increasing by 24% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 34% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :