SADC: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in SADC

In 2021, the SADC vulcanised rubber erases market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Erases Production in SADC

In value terms, vulcanised rubber erases production declined modestly to $X in 2021 estimated in export price. In general, production continues to indicate a slight slump. The growth pace was the most rapid in 2015 with an increase of 8.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports in SADC

Vulcanised rubber erases exports rose sharply to X tons in 2021, growing by 13% against the previous year's figure. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.0% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 37% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports soared to $X in 2021. In general, exports posted measured growth. The most prominent rate of growth was recorded in 2019 with an increase of 112% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X tons) represented the major exporter of erasers of vulcanised rubber in SADC, comprising 99% of total export.

South Africa was also the fastest-growing in terms of the erasers of vulcanised rubber exports, with a CAGR of +2.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest vulcanised rubber erases supplier in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +2.7%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +0.5% per year.

Vulcanised Rubber Erases Imports

Imports in SADC

After two years of decline, supplies from abroad of erasers of vulcanised rubber increased by 13% to X tons in 2021. Total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.7% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 24%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber erases imports reached $X in 2021. Overall, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2018 when imports increased by 20%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Africa was the largest importer of erasers of vulcanised rubber in SADC, with the volume of imports amounting to X tons, which was near 42% of total imports in 2021. Mozambique (X tons) took the second position in the ranking, distantly followed by Angola (X tons). All these countries together held approx. 38% share of total imports. Democratic Republic of the Congo (X tons), Namibia (X tons), Tanzania (X tons), Botswana (X tons) and Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases importing markets in SADC were South Africa ($X), Mozambique ($X) and Angola ($X), together accounting for 72% of total imports.

Mozambique, with a CAGR of +25.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, reducing by -8.8% against the previous year. Over the period under review, the import price recorded a pronounced descent. The growth pace was the most rapid in 2014 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Madagascar (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform