SADC: Fluoropolymers Market 2024

Fluoropolymers Market Size in SADC

In 2021, the SADC fluoropolymers market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fluoropolymers Production in SADC

In value terms, fluoropolymers production expanded markedly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fluoropolymers Exports

Exports in SADC

In 2021, overseas shipments of fluoropolymers decreased by -31.4% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2019 when exports increased by 629%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, fluoropolymers exports rose notably to $X in 2021. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 308%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Swaziland represented the largest exporting country with an export of around X tons, which amounted to 55% of total exports. South Africa (X tons) held the second position in the ranking, distantly followed by Malawi (X tons). All these countries together took near 41% share of total exports. Botswana (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Swaziland (with a CAGR of +30.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Swaziland ($X) remains the largest fluoropolymers supplier in SADC, comprising 81% of total exports. The second position in the ranking was held by South Africa ($X), with an 11% share of total exports. It was followed by Malawi, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in Swaziland stood at +31.1%. In the other countries, the average annual rates were as follows: South Africa (-7.3% per year) and Malawi (+12.1% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, jumping by 61% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2016 an increase of 83% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+4.9%), while the other leaders experienced more modest paces of growth.

Fluoropolymers Imports

Imports in SADC

In 2021, the amount of fluoropolymers imported in SADC surged to X tons, increasing by 66% against 2020 figures. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.0% against 2019 indices. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fluoropolymers imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was near 73% of total imports in 2021. Tanzania (X tons) took a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (6.3%). The following importers - Malawi (X tons) and Mozambique (X tons) - together made up 7.1% of total imports.

Imports into South Africa increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+87.5%), Malawi (+65.5%), Mozambique (+47.3%) and Tanzania (+1.6%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +87.5% from 2012-2021. While the share of Democratic Republic of the Congo (+6.2 p.p.), Malawi (+3.7 p.p.) and Mozambique (+3.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tanzania (-4.3 p.p.) and South Africa (-6.6 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported fluoropolymers in SADC, comprising 84% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 5% share of total imports. It was followed by Tanzania, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (+68.0% per year) and Tanzania (-1.6% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, growing by 21% against the previous year. In general, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (-3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform