SADC: Polystyrene Market 2024

Polystyrene Market Size in SADC

In 2022, the SADC polystyrene market increased by 4.4% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Polystyrene Production in SADC

In value terms, polystyrene production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Polystyrene Exports

Exports in SADC

In 2022, approx. X tons of polystyrene were exported in SADC; with an increase of 6.2% on 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 35%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, polystyrene exports expanded modestly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 78%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa represented the largest exporter of polystyrene in SADC, with the volume of exports finishing at X tons, which was near 79% of total exports in 2022. It was distantly followed by Swaziland (X tons), making up a 17% share of total exports. Tanzania (X tons) held a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Swaziland (+45.9%) and Tanzania (+2.4%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of +45.9% from 2012-2022. From 2012 to 2022, the share of Swaziland increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest polystyrene supplier in SADC, comprising 88% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 9.1% share of total exports.

In South Africa, polystyrene exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (+34.7% per year) and Tanzania (+8.0% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, which is down by -1.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Polystyrene Imports

Imports in SADC

In 2022, approx. X tons of polystyrene were imported in SADC; with a decrease of -7.9% on 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, polystyrene imports rose to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, finishing at X tons, which was approx. 93% of total imports in 2022. Tanzania (X tons) held a little share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of polystyrene. At the same time, Tanzania (+1.9%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +1.9% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polystyrene in SADC, comprising 93% of total imports. The second position in the ranking was held by Tanzania ($X), with a 1.7% share of total imports.

In South Africa, polystyrene imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 40% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+1.2%).

Source: IndexBox Platform