South Africa: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in South Africa

The South African market for cellular plates, sheets and films of polyymers of styrene shrank sharply to $X in 2022, waning by -17.6% against the previous year. Over the period under review, consumption, however, saw pronounced growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in South Africa

In value terms, production of cellular plates, sheets and films of polyymers of styrene shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from South Africa

Exports of cellular plates, sheets and films of polyymers of styrene from South Africa skyrocketed to X tons in 2022, jumping by 49% compared with the year before. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 87% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 62%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Zimbabwe (X tons), Botswana (X tons) and Swaziland (X tons) were the main destinations of exports of cellular plates, sheets and films of polyymers of styrene from South Africa, with a combined 64% share of total exports. Nigeria, Mozambique, Namibia, Lesotho and Zambia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +112.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polystyrene cellular plates, sheets and films exported from South Africa were Zimbabwe ($X), Nigeria ($X) and Swaziland ($X), with a combined 55% share of total exports.

Nigeria, with a CAGR of +91.7%, saw 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 export price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into South Africa

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into South Africa; reducing by -11.5% compared with 2021. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 168%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene contracted to $X in 2022. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by 55%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest polystyrene cellular plates, sheets and films supplier to South Africa, with a 67% share of total imports. Moreover, imports of cellular plates, sheets and films of polyymers of styrene from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+74.3% per year) and Poland (-6.3% per year).

In value terms, China ($X), Poland ($X) and Turkey ($X) constituted the largest polystyrene cellular plates, sheets and films suppliers to South Africa, with a combined 67% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +84.2%, saw the highest rates of growth with regard to 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 import price for cellular plates, sheets and films of polyymers of styrene stood at $X per ton in 2022, growing by 5.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of 49% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :