South Africa: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in South Africa

In 2021, the South African market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in South Africa

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from South Africa

In 2021, approx. X tons of polyethylene with a specific gravity of less than X, in primary forms were exported from South Africa; which is down by -14.2% on the previous year. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 148% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 117% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Zambia (X tons), Zimbabwe (X tons) and Malawi (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from South Africa, together accounting for 45% of total exports. Namibia, Botswana, China, Mozambique, Spain, Swaziland, Belgium, Vietnam, the Netherlands and Italy lagged somewhat behind, together comprising a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +282.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from South Africa were Zambia ($X), Zimbabwe ($X) and Malawi ($X), with a combined 48% share of total exports. Namibia, Botswana, Mozambique, China, Swaziland, Spain, Italy, the Netherlands, Vietnam and Belgium lagged somewhat behind, together accounting for a further 39%.

Belgium, with a CAGR of +262.7%, 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 export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, jumping by 52% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 Mozambique ($X per ton), while the average price for exports to China ($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 Italy (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into South Africa

After two years of decline, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms increased by 9.8% to X tons in 2021. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 39% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest polyethylene with a specific gravity of less than X supplier to South Africa, with a 54% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by Qatar (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.3% per year) and Qatar (-10.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to South Africa, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.5% share of total imports. It was followed by Qatar, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.6% per year) and Qatar (-10.5% per year).

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, increasing by 39% against the previous year. In general, the import price, however, showed a slight downturn. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 Netherlands ($X per ton), while the price for Singapore ($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 Arab Emirates (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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