Report Update Nov 1, 2024

South Africa - Aramids Staple - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Aramids Staple Market 2024

Aramids Staple Market Size in South Africa

In 2021, the South African aramids staple market decreased by -33.4% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, posted a notable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Aramids Staple Exports

Exports from South Africa

After two years of growth, overseas shipments of aramids staple decreased by -48% to X kg in 2021. Over the period under review, exports showed a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 2,964% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, aramids staple exports reduced notably to $X in 2021. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 1,156%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Zimbabwe (X kg) was the main destination for aramids staple exports from South Africa, with a 96% share of total exports. It was followed by Zambia (X kg), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (0.0% per year) and Malawi (-5.1% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for aramids staple exports from South Africa, comprising 52% of total exports. The second position in the ranking was held by Malawi ($X), with an 8.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+14.9% per year) and Zambia (-21.8% per year).

Export Prices by Country

The average aramids staple export price stood at $X per ton in 2021, dropping by -3.4% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 43%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malawi ($X per ton), while the average price for exports to Zimbabwe ($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 Malawi (+22.1%), while the prices for the other major destinations experienced a decline.

Aramids Staple Imports

Imports into South Africa

Aramids staple imports into South Africa contracted notably to X tons in 2021, with a decrease of -19.6% on the previous year. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 661%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aramids staple imports shrank rapidly to $X in 2021. Over the period under review, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 715% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Korea (X tons), Italy (X tons) and China (X tons) were the main suppliers of aramids staple imports to South Africa, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aramids staple suppliers to South Africa were Turkey ($X), South Korea ($X) and China ($X), together accounting for 64% of total imports.

South Korea, with a CAGR of +39.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aramids staple import price stood at $X per ton in 2021, shrinking by -27.3% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aramids staple in the world?

The countries with the highest volumes of aramids staple consumption in 2020 were China, Japan and Spain, together comprising 34% of global consumption. These countries were followed by Belgium, Germany, Turkey, Italy, the Netherlands, Pakistan, India, the United States, Taiwan Chinese) and South Korea, which together accounted for a further 48%.

What are the largest producers of aramids staple in the world?

The countries with the highest volumes of aramids staple production in 2020 were Spain, South Korea and Thailand, together comprising 69% of global production. France, Japan, Slovakia and the United States lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of aramids staple to South Africa?

In value terms, the largest aramids staple suppliers to South Africa were Turkey, China and the Netherlands, together comprising 87% of total imports.

What are the leading importers of aramids staple from South Africa?

In value terms, Zimbabwe remains the key foreign market for aramids staple exports from South Africa, comprising 89% of total exports. The second position in the ranking was occupied by Zambia $530), with an 11% share of total exports.

What is the average export price for aramids staple in South Africa?

In 2020, the average aramids staple export price amounted to $6,422 per ton, falling by -43% against the previous year.

What is the average import price for aramids staple in South Africa?

In 2020, the average aramids staple import price amounted to $13,834 per ton, waning by -24.4% against the previous year.

This report provides an in-depth analysis of the aramids staple market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023