SADC: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in SADC

After two years of decline, the SADC high-tenacity filament polyester yarn market increased by 13% to $X in 2021. In general, consumption, however, saw a pronounced slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in SADC

In value terms, high-tenacity filament polyester yarn production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 80% against the previous year. The level of production peaked at $X in 2020, and then reduced sharply in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports in SADC

In 2021, the amount of high-tenacity filament yarn of polyesters exported in SADC contracted rapidly to X tons, waning by -16.9% against the previous year's figure. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 540%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn exports contracted markedly to $X in 2021. In general, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by 459%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mauritius was the key exporter of high-tenacity filament yarn of polyesters in SADC, with the volume of exports amounting to X tons, which was approx. 78% of total exports in 2021. It was distantly followed by South Africa (X tons), mixing up an 18% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

Mauritius was also the fastest-growing in terms of the high-tenacity filament yarn of polyesters exports, with a CAGR of +24.4% from 2012 to 2021. At the same time, Tanzania (+20.5%) displayed positive paces of growth. By contrast, South Africa (-5.2%) illustrated a downward trend over the same period. While the share of Mauritius (+56 p.p.) and Tanzania (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-41.1 p.p.) displayed negative dynamics.

In value terms, Mauritius ($X) remains the largest high-tenacity filament polyester yarn supplier in SADC, comprising 86% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Mauritius amounted to +25.0%. In the other countries, the average annual rates were as follows: South Africa (-10.3% per year) and Tanzania (+14.0% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in 2019 an increase of 26%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+0.5%), while the other leaders experienced a decline in the export price figures.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports in SADC

In 2021, after four years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume increased by 27% to X tons. In general, imports, however, saw a mild shrinkage. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was near 89% of total imports in 2021. Tanzania (X tons), Lesotho (X tons) and Mauritius (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to high-tenacity filament polyester yarn imports into South Africa stood at -2.1%. At the same time, Lesotho (+27.6%) and Mauritius (+1.9%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +27.6% from 2012-2021. By contrast, Tanzania (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Lesotho increased by +3.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported high-tenacity filament yarn of polyesters in SADC, comprising 86% of total imports. The second position in the ranking was held by Tanzania ($X), with a 5.1% share of total imports. It was followed by Lesotho, with a 4.9% share.

In South Africa, high-tenacity filament polyester yarn imports plunged by an average annual rate of -6.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (-9.4% per year) and Lesotho (+23.8% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, with an increase of 6.1% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 25%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mauritius ($X per ton) and Lesotho ($X per ton), while South Africa ($X per ton) and Tanzania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (-3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform