South Africa: Polyamide Market 2024

Polyamide Market Size in South Africa

The South African polyamide market surged to $X in 2021, growing by 73% 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). Overall, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyamide Exports

Exports from South Africa

In 2021, exports of polyamides (in primary forms) from South Africa fell sharply to X tons, shrinking by -22.4% on 2020. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 82%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyamide exports totaled $X in 2021. Overall, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 57% 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 lower figure.

Exports by Country

Australia (X tons), Democratic Republic of the Congo (X tons) and Kenya (X tons) were the main destinations of polyamide exports from South Africa, together accounting for 55% 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 Democratic Republic of the Congo (with a CAGR of +82.4%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Democratic Republic of the Congo ($X) and Kenya ($X) appeared to be the largest markets for polyamide exported from South Africa worldwide, together accounting for 62% of total exports.

Democratic Republic of the Congo, with a CAGR of +86.7%, 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 polyamide export price stood at $X per ton in 2021, growing by 30% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to the Netherlands ($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 Botswana (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into South Africa

In 2021, approx. X tons of polyamides (in primary forms) were imported into South Africa; growing by 38% against 2020. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports surged to $X in 2021. Overall, imports showed a mild expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of polyamide imports to South Africa, with a combined 57% share of total imports. The United States, China, Italy, India, Spain, the Netherlands, France and Poland lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +29.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and the United States ($X) were the largest polyamide suppliers to South Africa, together accounting for 58% of total imports. These countries were followed by Taiwan (Chinese), China, Italy, India, the Netherlands, Spain, France and Poland, which together accounted for a further 35%.

Among the main suppliers, India, with a CAGR of +29.5%, 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 polyamide import price stood at $X per ton in 2021, increasing by 32% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :