South Africa: Plaster Article Market 2024

Plaster Article Market Size in South Africa

The South African plaster article market expanded modestly to $X in 2021, picking up by 3.7% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.3% against 2019 indices. Plaster article consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Production in South Africa

In value terms, plaster article production expanded modestly to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Plaster article production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports from South Africa

In 2021, the amount of articles of plaster or of compositions based on plaster exported from South Africa rose remarkably to X tons, with an increase of 13% against 2020. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, plaster article exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons), Botswana (X tons) and Zambia (X tons) were the main destinations of plaster article exports from South Africa, with a combined 71% share of total exports. Namibia, Swaziland, Mozambique, Lesotho and Malawi lagged somewhat behind, together accounting 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 Swaziland (with a CAGR of +12.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from South Africa were Zimbabwe ($X), Botswana ($X) and Zambia ($X), together accounting for 70% of total exports.

Zimbabwe, with a CAGR of +9.8%, recorded the highest rates of growth with regard to the value of exports, among 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

The average plaster article export price stood at $X per ton in 2021, picking up by 25% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Namibia ($X per ton), while the average price for exports to Mozambique ($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 Zimbabwe (+0.7%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into South Africa

In 2021, after three years of decline, there was significant growth in overseas purchases of articles of plaster or of compositions based on plaster, when their volume increased by 31% to X tons. In general, imports, however, continue to indicate a abrupt setback. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, plaster article imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Algeria (X tons) were the main suppliers of plaster article imports to South Africa, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +160.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest plaster article suppliers to South Africa, together accounting for 79% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +145.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plaster article import price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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