SADC: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in SADC

The SADC extruded solid rubber rod market fell slightly to $X in 2022, waning by -1.9% against the previous year. Over the period under review, consumption recorded a drastic downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in SADC

In value terms, extruded solid rubber rod production declined to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in SADC

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported in SADC; jumping by 30% compared with the previous year. Over the period under review, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 177%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports expanded to $X in 2022. Overall, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of 189%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons) was the key exporter of extruded solid rubber rods and profiles in SADC, creating 99% of total export.

South Africa was also the fastest-growing in terms of the extruded solid rubber rods and profiles exports, with a CAGR of +4.2% 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 extruded solid rubber rod supplier in SADC.

In South Africa, extruded solid rubber rod exports increased at an average annual rate of +2.7% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of -20.1% against the previous year. Overall, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in 2020 an increase of 29%. As a result, the export price attained the peak level of $X per ton. From 2021 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 -1.4% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in SADC

In 2022, purchases abroad of extruded solid rubber rods and profiles increased by 25% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +73.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports skyrocketed to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +22.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, South Africa (X tons) represented the major importer of extruded solid rubber rods and profiles, mixing up 45% of total imports. It was distantly followed by Tanzania (X tons), Mauritius (X tons), Angola (X tons), Zambia (X tons), Botswana (X tons) and Zimbabwe (X tons), together making up a 45% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of extruded solid rubber rods and profiles. At the same time, Zambia (+21.1%), Botswana (+19.2%), Tanzania (+6.7%) and Zimbabwe (+3.7%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +21.1% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Angola (-6.6%) illustrated a downward trend over the same period. Tanzania (+5.4 p.p.), Zambia (+4.6 p.p.) and Botswana (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Mauritius, South Africa and Angola saw its share reduced by -2.5%, -4.9% and -10.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in SADC, comprising 48% of total imports. The second position in the ranking was held by Angola ($X), with a 10% share of total imports. It was followed by Mauritius, with an 8.2% share.

In South Africa, extruded solid rubber rod imports increased at an average annual rate of +7.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-2.2% per year) and Mauritius (+0.6% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, falling by -1.6% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod import price decreased by -21.0% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 41% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform