South Africa: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in South Africa

In 2021, after two years of decline, there was significant growth in the South African market for acrylic polymers, in primary forms (excluding polymethyl methacrylate), when its value increased by 46% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from South Africa

In 2021, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from South Africa soared to X tons, picking up by 15% on the previous year. The total export volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tanzania (X tons), Zambia (X tons) and Ghana (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from South Africa, with a combined 37% share of total exports. These countries were followed by Democratic Republic of the Congo, Zimbabwe, Kenya, Namibia, Mauritius, Botswana, Brazil, Mozambique, Nigeria and Malawi, which together accounted for a further 51%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +55.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from South Africa were Democratic Republic of the Congo ($X), Zambia ($X) and Zimbabwe ($X), with a combined 40% share of total exports. These countries were followed by Tanzania, Ghana, Namibia, Kenya, Botswana, Mozambique, Mauritius, Brazil, Malawi and Nigeria, which together accounted for a further 49%.

Brazil, with a CAGR of +52.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, with an increase of 18% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Kenya ($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 Namibia (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into South Africa

In 2021, after two years of decline, there was significant growth in supplies from abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate), when their volume increased by 26% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to South Africa, with a combined 42% share of total imports. These countries were followed by Germany, India, France, the United States, Belgium, the UK and Spain, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to South Africa, with a combined 38% share of total imports. These countries were followed by Japan, India, France, Belgium, the United States, the UK and Spain, which together accounted for a further 47%.

India, with a CAGR of +38.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, increasing by 7% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform