SADC: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in SADC

The SADC polypropylene in primary forms market declined slightly to $X in 2022, reducing by -4.9% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Production of Polypropylene in Primary Forms in SADC

In value terms, polypropylene in primary forms production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports in SADC

In 2022, overseas shipments of polypropylene in primary forms were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports expanded sharply to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) was the key exporter of polypropylene in primary forms in SADC, mixing up 99% of total export.

South Africa was also the fastest-growing in terms of the polypropylene in primary forms exports, with a CAGR of +1.2% 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 polypropylene in primary forms supplier in SADC.

In South Africa, polypropylene in primary forms exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by -11.4% against the previous year. Overall, the export price saw a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 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 -1.1% per year.

Imports of Polypropylene in Primary Forms

Imports in SADC

In 2022, overseas purchases of polypropylene in primary forms decreased by -0.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +78.8% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, polypropylene in primary forms imports dropped to $X in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Tanzania was the main importing country with an import of around X tons, which finished at 35% of total imports. It was distantly followed by South Africa (X tons), Zambia (X tons), Mozambique (X tons), Angola (X tons), Democratic Republic of the Congo (X tons), Malawi (X tons) and Zimbabwe (X tons), together constituting a 58% share of total imports.

Imports into Tanzania increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, Mozambique (+22.1%), Zimbabwe (+9.2%), Zambia (+8.8%), South Africa (+8.6%), Malawi (+5.4%), Democratic Republic of the Congo (+3.1%) and Angola (+3.0%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +22.1% from 2012-2022. While the share of Mozambique (+6.5 p.p.), South Africa (+2.4 p.p.) and Zambia (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tanzania (-2.2 p.p.), Democratic Republic of the Congo (-2.4 p.p.) and Angola (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported polypropylene in primary forms in SADC, comprising 36% of total imports. The second position in the ranking was held by South Africa ($X), with a 16% share of total imports. It was followed by Zambia, with a 10% share.

In Tanzania, polypropylene in primary forms imports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (+6.0% per year) and Zambia (+6.4% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, waning by -4.8% against the previous year. In general, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 32%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Africa ($X per ton) and Zimbabwe ($X per ton), while Democratic Republic of the Congo ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform