SADC: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in SADC

The SADC unvulcanized rubber market contracted slightly to $X in 2022, with a decrease of -3.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Production in SADC

In value terms, unvulcanized rubber production dropped to $X in 2022 estimated in export price. Overall, production saw a slight decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Unvulcanized Rubber Exports

Exports in SADC

Unvulcanized rubber exports dropped remarkably to X tons in 2022, falling by -34.3% on the previous year's figure. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports declined to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the main exporter of unvulcanized rubber and articles thereof in SADC, achieving 98% of total export.

South Africa was also the fastest-growing in terms of the unvulcanized rubber and articles thereof exports, with a CAGR of -5.4% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +2.3 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 unvulcanized rubber supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -5.2%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, surging by 32% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 +0.3% per year.

Unvulcanized Rubber Imports

Imports in SADC

In 2022, purchases abroad of unvulcanized rubber and articles thereof increased by 7.3% to X tons, rising for the second year in a row after three years of decline. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 17%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, unvulcanized rubber imports amounted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the largest importing country with an import of about X tons, which accounted for 48% of total imports. It was distantly followed by Angola (X tons), Zimbabwe (X tons), Tanzania (X tons) and Madagascar (X tons), together mixing up a 30% share of total imports. Democratic Republic of the Congo (X tons), Zambia (X tons), Mauritius (X tons), Mozambique (X tons), Botswana (X tons), Namibia (X tons) and Swaziland (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of unvulcanized rubber and articles thereof. At the same time, Mozambique (+8.1%), Madagascar (+7.9%), Angola (+7.6%), Democratic Republic of the Congo (+3.7%), Tanzania (+1.9%) and Zimbabwe (+1.8%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +8.1% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Botswana (-3.6%), Swaziland (-5.0%), Zambia (-5.2%) and Namibia (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Angola and Madagascar increased by +6.1 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in SADC, comprising 53% of total imports. The second position in the ranking was taken by Angola ($X), with an 8.2% share of total imports. It was followed by Zambia, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Angola (+2.6% per year) and Zambia (-1.9% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 9.4%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform