South Africa: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in South Africa

In 2021, the South African market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 11% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a abrupt downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in South Africa

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from South Africa

For the tenth year in a row, South Africa recorded growth in overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, which increased by 14% to X tons in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 169%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 163% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Mozambique (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from South Africa, accounting for a 83% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Mozambique exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Mozambique amounted to +66.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.5% per year) and Brazil (+3.6% per year).

In value terms, Mozambique ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from South Africa, comprising 85% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.1% share of total exports. It was followed by Tanzania, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mozambique totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.6% per year) and Tanzania (+180.8% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 7.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Tanzania ($X per ton) and Mozambique ($X per ton), while the average price for exports to Belgium ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into South Africa

In 2021, approx. X tons of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning were imported into South Africa; with an increase of 50% on the previous year. Over the period under review, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 65%. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier to South Africa, accounting for a 69% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+37.7% per year) and Taiwan (Chinese) (+30.0% per year).

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to South Africa, comprising 61% of total imports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total imports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+34.7% per year) and Taiwan (Chinese) (+16.8% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 18% against the previous year. Overall, the import price, however, saw a noticeable decline. The import price peaked at $X per ton in 2013; however, from 2014 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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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