SADC: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in SADC

In 2021, the SADC market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in SADC

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 17% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in SADC

Exports of polyethylene with a specific gravity of less than X, in primary forms declined to X tons in 2021, with a decrease of -13.7% against the previous year's figure. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 145% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 113% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of polyethylene with a specific gravity of less than X, in primary forms, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of +7.1% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +3.1 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 polyethylene with a specific gravity of less than X supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +7.3%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, growing by 52% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 +0.2% per year.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in SADC

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms in SADC rose slightly to X tons, growing by 1.7% on the year before. In general, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2015 with an increase of 29%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, imports, however, saw a slight slump. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Africa was the main importing country with an import of around X tons, which amounted to 45% of total imports. Tanzania (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Zambia (8.6%) and Zimbabwe (8.3%). The following importers - Angola (X tons), Malawi (X tons), Namibia (X tons), Mozambique (X tons), Madagascar (X tons), Democratic Republic of the Congo (X tons) and Mauritius (X tons) - together made up 21% of total imports.

From 2012 to 2021, average annual rates of growth with regard to polyethylene with a specific gravity of less than X imports into South Africa stood at -5.6%. At the same time, Democratic Republic of the Congo (+13.3%), Tanzania (+11.4%), Mozambique (+9.9%), Zimbabwe (+7.4%), Angola (+7.3%), Namibia (+6.8%), Mauritius (+4.6%), Madagascar (+1.3%) and Zambia (+1.3%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +13.3% from 2012-2021. By contrast, Malawi (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Tanzania, Zimbabwe, Angola, Namibia, Zambia, Mozambique and Democratic Republic of the Congo increased by +9.8, +4.4, +2.3, +1.9, +1.7, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in SADC, comprising 40% of total imports. The second position in the ranking was held by Tanzania ($X), with a 16% share of total imports. It was followed by Zimbabwe, with a 9.5% share.

In South Africa, imports of polyethylene with a specific gravity of less than X, in primary forms contracted by an average annual rate of -6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tanzania (+14.0% per year) and Zimbabwe (+6.4% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, increasing by 35% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 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 Mozambique ($X per ton) and Zimbabwe ($X per ton), while South Africa ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform