SADC: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in SADC

The SADC market for cellular plates, sheets and films of polyymers of styrene expanded to $X in 2022, surging by 4% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in SADC

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 25%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in SADC

Exports of cellular plates, sheets and films of polyymers of styrene soared to X tons in 2022, jumping by 50% compared with 2021. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 83%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 61% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

South Africa (X tons) represented roughly 97% of total exports in 2022.

South Africa was also the fastest-growing in terms of the cellular plates, sheets and films of polyymers of styrene exports, with a CAGR of +12.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest polystyrene cellular plates, sheets and films supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +5.3%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by -7.3% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -6.6% per year.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in SADC

In 2022, imports of cellular plates, sheets and films of polyymers of styrene in SADC reduced to X tons, waning by -3.2% compared with the year before. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 47%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene reduced slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the key importer of cellular plates, sheets and films of polyymers of styrene in SADC, with the volume of imports accounting for X tons, which was near 52% of total imports in 2022. It was distantly followed by Tanzania (X tons), Democratic Republic of the Congo (X tons), Zimbabwe (X tons) and Zambia (X tons), together generating a 34% share of total imports. The following importers - Angola (X tons) and Swaziland (X tons) - each resulted at an 8.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polystyrene cellular plates, sheets and films imports into South Africa stood at +11.6%. At the same time, Democratic Republic of the Congo (+42.8%), Tanzania (+39.5%), Zimbabwe (+35.7%) and Zambia (+15.8%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +42.8% from 2012-2022. By contrast, Swaziland (-1.1%) and Angola (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, South Africa, Democratic Republic of the Congo, Zimbabwe and Zambia increased by +12, +8.2, +7.4, +6.4 and +2.3 percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in SADC, comprising 55% of total imports. The second position in the ranking was held by Tanzania ($X), with a 10% share of total imports. It was followed by Democratic Republic of the Congo, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +7.6%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+31.6% per year) and Democratic Republic of the Congo (+38.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 25%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Angola ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform