South Africa: Polyacetals Market 2024

Polyacetals Market Size in South Africa

The South African polyacetals market skyrocketed to $X in 2021, growing by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 -12.0% against 2019 indices. Polyacetals consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Polyacetals Exports

Exports from South Africa

In 2021, overseas shipments of polyacetals in primary forms increased by 52% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 602%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, polyacetals exports skyrocketed to $X in 2021. Overall, exports showed tangible growth. The pace of growth was the most pronounced in 2020 when exports increased by 240% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons), Mozambique (X tons) and Zimbabwe (X tons) were the main destinations of polyacetals exports from South Africa, with a combined 81% share 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 Mozambique (with a CAGR of +49.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyacetals exported from South Africa were Zambia ($X), Zimbabwe ($X) and Namibia ($X), together accounting for 77% of total exports. These countries were followed by Mozambique, Malawi and Botswana, which together accounted for a further 17%.

Mozambique, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average polyacetals export price amounted to $X per ton, jumping by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Mozambique ($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 Malawi (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polyacetals Imports

Imports into South Africa

Polyacetals imports into South Africa surged to X tons in 2021, growing by 46% against 2020 figures. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 53%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, polyacetals imports soared to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.2% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyacetals imports to South Africa, with a combined 61% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +61.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyacetals suppliers to South Africa were South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X), with a combined 56% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +66.3%, 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 polyacetals import price stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of 20%. The import price peaked 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, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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