South Africa: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in South Africa

In 2021, the South African market for prepared glues and other prepared adhesives was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in South Africa

In value terms, production of prepared glues and other prepared adhesives totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from South Africa

In 2021, overseas shipments of prepared glues and other prepared adhesives decreased by -16.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total exports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.3% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. As a result, the exports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana (X tons) was the main destination for exports of prepared glues and other prepared adhesives from South Africa, with a 35% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was taken by Namibia (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-3.4% per year) and Namibia (-2.0% per year).

In value terms, the largest markets for prepared glues and other prepared adhesives exported from South Africa were Namibia ($X), Zimbabwe ($X) and Botswana ($X), together comprising 41% of total exports. Zambia, the United Arab Emirates, Mozambique, Swaziland, Nigeria, Lesotho, Malawi and the United States lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +71.0%, saw the highest growth rate of the value of exports, 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 prepared glues and other prepared adhesives stood at $X per ton in 2021, growing by 51% against the previous year. Overall, the export price, however, recorded a noticeable decline. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Botswana ($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 Zimbabwe (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into South Africa

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported into South Africa; growing by 6% compared with 2020 figures. The total import volume increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 15% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Egypt (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to South Africa, together accounting for 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +159.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to South Africa were China ($X), Germany ($X) and Egypt ($X), together accounting for 51% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +464.7%, 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 import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, growing by 8.9% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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