South Africa: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in South Africa

In 2021, the South African high-tenacity filament polyester yarn market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a noticeable slump. High-tenacity filament polyester yarn consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of High-Tenacity Filament Yarn Of Polyesters in South Africa

In value terms, high-tenacity filament polyester yarn production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 140%. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from South Africa

In 2021, the amount of high-tenacity filament yarn of polyesters exported from South Africa declined to X tons, which is down by -3.9% on 2020 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 2,319%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 1,081% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Botswana (X tons) and Zambia (X tons) were the main destinations of high-tenacity filament polyester yarn exports from South Africa, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +35.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from South Africa were Botswana ($X), Zimbabwe ($X) and Zambia ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Botswana, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, with an increase of 38% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Zambia ($X per ton), while the average price for exports to Swaziland ($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 Democratic Republic of the Congo (+24.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into South Africa

After two years of decline, purchases abroad of high-tenacity filament yarn of polyesters increased by 36% to X tons in 2021. In general, imports, however, showed a noticeable slump. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, high-tenacity filament polyester yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main high-tenacity filament polyester yarn supplier to South Africa, accounting for a 90% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.3% per year) and South Korea (-26.6% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to South Africa, comprising 83% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 9.7% share of total imports. It was followed by South Korea, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.4% per year) and South Korea (-21.6% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, increasing by 8.5% against the previous year. In general, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% 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 stood 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 South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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