SADC: Plaster Article Market 2024

Plaster Article Market Size in SADC

The SADC plaster article market was estimated at $X in 2021, increasing by 4.8% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% 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 -3.2% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Plaster Article Production in SADC

In value terms, plaster article production rose modestly to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports in SADC

Plaster article exports totaled X tons in 2021, increasing by 13% compared with the previous year. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, plaster article exports surged to $X in 2021. Total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near 89% of total exports in 2021. It was distantly followed by Tanzania (X tons), comprising a 9.2% share of total exports.

Exports from South Africa increased at an average annual rate of +8.3% from 2012 to 2021. At the same time, Tanzania (+40.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +40.0% from 2012-2021. From 2012 to 2021, the share of Tanzania increased by +8.2 percentage points.

In value terms, South Africa ($X) remains the largest plaster article supplier in SADC, comprising 92% of total exports. The second position in the ranking was held by Tanzania ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at +4.5%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-3.5%).

Plaster Article Imports

Imports in SADC

After two years of decline, overseas purchases of articles of plaster or of compositions based on plaster increased by 20% to X tons in 2021. In general, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, plaster article imports surged to $X in 2021. Over the period under review, imports, however, saw a mild decline. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X tons), Tanzania (X tons) and Angola (X tons) represented roughly 56% of total imports in 2021. It was distantly followed by Democratic Republic of the Congo (X tons), Zimbabwe (X tons), Mozambique (X tons) and Zambia (X tons), together making up a 30% share of total imports. Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Democratic Republic of the Congo (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article importing markets in SADC were Angola ($X), Zimbabwe ($X) and Tanzania ($X), together comprising 39% of total imports. Democratic Republic of the Congo, South Africa, Zambia, Mozambique and Madagascar lagged somewhat behind, together accounting for a further 39%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of +17.3%, saw the highest rates of growth with regard to 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 SADC stood at $X per ton in 2021, increasing by 9% against the previous year. In general, the import price, however, showed a slight shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Zimbabwe ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zimbabwe (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform