SADC: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in SADC

The SADC market for polyethylene terephthalate and other polyethylene terephthalate in primary forms declined modestly to $X in 2022, which is down by -3.4% against the previous year. In general, consumption, however, continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in SADC

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Over the period under review, production of attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in SADC

In 2022, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -3.8% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2022. Overall, exports faced a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Tanzania was the key exporting country with an export of about X tons, which amounted to 75% of total exports. Zambia (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Mozambique (5.4%). Zimbabwe (X tons) took a little share of total exports.

Tanzania was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of +39.2% from 2012 to 2022. At the same time, Zambia (+33.2%) and Mozambique (+32.4%) displayed positive paces of growth. By contrast, Zimbabwe (-2.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, Zambia, Mozambique and Zimbabwe increased by +74, +16, +5.3 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplying countries in SADC were Tanzania ($X), Zambia ($X) and Mozambique ($X), with a combined 92% share of total exports.

Zambia, with a CAGR of +34.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, surging by 4.7% against the previous year. In general, the export price, however, recorded a abrupt decrease. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in SADC

In 2022, after four years of growth, there was decline in purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -4% to X tons. Over the period under review, imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when imports increased by 29%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced slightly to $X in 2022. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 22% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Tanzania was the key importing country with an import of about X tons, which reached 62% of total imports. Democratic Republic of the Congo (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (9.6%) and Angola (5.3%).

From 2012 to 2022, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Tanzania stood at +10.5%. At the same time, Democratic Republic of the Congo (+40.7%) and Zimbabwe (+10.0%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +40.7% from 2012-2022. Angola experienced a relatively flat trend pattern. While the share of Tanzania (+43 p.p.), Democratic Republic of the Congo (+20 p.p.) and Zimbabwe (+6.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in SADC, comprising 54% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 20% share of total imports. It was followed by Zimbabwe, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tanzania totaled +2.6%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (+31.7% per year) and Zimbabwe (+2.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, showed a deep setback. The growth pace was the most rapid in 2017 an increase of 6.4% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Angola (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform