SADC: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in SADC

After two years of decline, the SADC expansible polystyrene market increased by 13% to $X in 2021. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 decreased by -12.6% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Expansible Polystyrene Production in SADC

In value terms, expansible polystyrene production rose notably 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 +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports in SADC

Expansible polystyrene exports expanded notably to X tons in 2021, increasing by 14% against 2020. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 273%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, expansible polystyrene exports shrank to $X in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 105%. Over the period under review, the exports reached the peak figure at $X in 2020, and then dropped in the following year.

Exports by Country

South Africa (X tons) represented roughly 98% of total exports in 2021.

South Africa was also the fastest-growing in terms of the expansible polystyrene in primary forms exports, with a CAGR of +10.6% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +25 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest expansible polystyrene supplier in SADC.

In South Africa, expansible polystyrene exports increased at an average annual rate of +8.8% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, dropping by -20.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 47% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank notably in the following year.

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 -1.6% per year.

Expansible Polystyrene Imports

Imports in SADC

Expansible polystyrene imports was estimated at X tons in 2021, growing by 14% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 17%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, expansible polystyrene imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, amounting to X tons, which was near 90% of total imports in 2021. The following importers - Tanzania (X tons) and Namibia (X tons) - together made up 5.3% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of expansible polystyrene in primary forms. At the same time, Tanzania (+2.7%) and Namibia (+2.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +2.7% from 2012-2021. South Africa (-2 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported expansible polystyrene in primary forms in SADC, comprising 89% of total imports. The second position in the ranking was held by Tanzania ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -1.0%. In the other countries, the average annual rates were as follows: Tanzania (+0.4% per year) and Namibia (-1.0% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, growing by 37% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform