South Africa: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in South Africa

The South African market for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, saw a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in South Africa

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at less than $X in 2022 estimated in export price. Overall, production showed a measured expansion. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from South Africa

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from South Africa shrank to X tons in 2016, declining by -11.7% on the year before. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 36%. As a result, the exports attained the peak of X tons. From 2015 to 2016, the growth of the exports of failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank remarkably to $X in 2016. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2014 when exports increased by 29%. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Spain (X tons), China (X tons) and Zimbabwe (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from South Africa, together accounting for 68% of total exports. Belgium, Zambia, Germany and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2016, the biggest increases were recorded for Zambia (with a CAGR of +68.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from South Africa were Zimbabwe ($X), Spain ($X) and China ($X), with a combined 63% share of total exports. Zambia, Belgium, Democratic Republic of the Congo and Germany lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Zambia, with a CAGR of +37.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, shrinking by -28% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 a decrease of -5.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-5.3%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into South Africa

In 2016, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms into South Africa soared to X tons, growing by 33% on 2015. In general, total imports indicated a resilient expansion from 2012 to 2016: its volume increased at an average annual rate of +16.2% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by +82.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2016. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, China (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to South Africa, accounting for a 76% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), ninefold. The third position in this ranking was taken by Thailand (X tons), with a 5.3% share.

From 2012 to 2016, the average annual growth rate of volume from China amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+136.0% per year) and Thailand (+168.6% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to South Africa, comprising 75% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.8% share of total imports. It was followed by Thailand, with a 5.6% share.

From 2012 to 2016, the average annual growth rate of value from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+105.9% per year) and Thailand (+135.1% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, falling by -10.7% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price decreased by -0.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and China ($X per ton), while the price for Belgium ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Belgium (-11.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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