South Africa: Abs Copolymers Market 2024

Abs Copolymers Market Size in South Africa

The South African ABS copolymers market soared to $X in 2021, jumping by 39% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Abs Copolymers Exports

Exports from South Africa

ABS copolymers exports from South Africa soared to X tons in 2021, rising by 630% on the previous year's figure. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 1,434%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons), Democratic Republic of the Congo (X tons) and Mozambique (X tons) were the main destinations of ABS copolymers exports from South Africa, together accounting for 69% of total exports. These countries were followed by Chile, Botswana, Gabon, Madagascar, Namibia and Ghana, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Botswana (with a CAGR of +218.6%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), Zimbabwe ($X) and Chile ($X) appeared to be the largest markets for ABS copolymers exported from South Africa worldwide, with a combined 79% share of total exports. These countries were followed by Mozambique, Gabon, Botswana, Madagascar, Ghana and Namibia, which together accounted for a further 19%.

In terms of the main countries of destination, Botswana, with a CAGR of +126.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, jumping by 108% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into South Africa

In 2021, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms imported into South Africa expanded rapidly to X tons, surging by 6.2% against the previous year. Over the period under review, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, ABS copolymers imports surged to $X in 2021. Overall, imports, however, continue to indicate a perceptible downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Belgium (X tons) were the main suppliers of ABS copolymers imports to South Africa, with a combined 69% share of total imports. These countries were followed by Malaysia, the Netherlands, Germany and Thailand, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +15.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Belgium ($X) constituted the largest ABS copolymers suppliers to South Africa, with a combined 69% share of total imports. These countries were followed by Germany, the Netherlands, Malaysia and Thailand, which together accounted for a further 29%.

Germany, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, jumping by 64% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and Belgium ($X per ton), while the price for Thailand ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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