South Africa: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in South Africa

In 2021, after three years of decline, there was significant growth in the South African vulcanised rubber erases market, when its value increased by 6.4% to $X. Overall, consumption, however, continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from South Africa

In 2021, approx. X tons of erasers of vulcanised rubber were exported from South Africa; increasing by 16% compared with 2020 figures. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.2% 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 decreased by -35.2% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 39%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports skyrocketed to $X in 2021. In general, exports posted perceptible growth. The most prominent rate of growth was recorded in 2019 when exports increased by 114% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Namibia (X tons), Saudi Arabia (X tons) and Botswana (X tons) were the main destinations of vulcanised rubber erases exports from South Africa, together accounting for 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +63.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised rubber erases exported from South Africa were Namibia ($X), Saudi Arabia ($X) and Botswana ($X), together accounting for 77% of total exports.

Saudi Arabia, with a CAGR of +141.1%, 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 mixed trend patterns.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Lesotho ($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 Saudi Arabia (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into South Africa

In 2021, after three years of decline, there was significant growth in overseas purchases of erasers of vulcanised rubber, when their volume increased by 13% to X tons. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.2% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of 36%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports totaled $X in 2021. In general, imports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 57% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of vulcanised rubber erases to South Africa, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.5%.

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to South Africa, comprising 89% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.4%.

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, waning by -8.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.8%).

Source: IndexBox Platform

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