South Africa: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in South Africa

The South African market for unsaturated polyesters in primary forms surged to $X in 2021, jumping by 18% against the previous year. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.2% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Unsaturated Polyesters In Primary Forms in South Africa

In value terms, unsaturated polyesters in primary forms production soared to $X in 2021 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from South Africa

In 2021, after two years of decline, there was significant growth in shipments abroad of unsaturated polyesters in primary forms, when their volume increased by 15% to X tons. Over the period under review, exports, however, recorded a abrupt decline. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports soared to $X in 2021. Overall, exports, however, saw a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for unsaturated polyesters in primary forms exports from South Africa, with a 33% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Australia exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. Mauritius (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+9.2% per year) and Mauritius (-8.9% per year).

In value terms, Australia ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from South Africa, comprising 33% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 12% share of total exports. It was followed by Zimbabwe, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-8.4% per year) and Zimbabwe (-4.9% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, growing by 23% against the previous year. In general, the export price, however, showed a mild descent. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Kenya ($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 Tanzania (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into South Africa

After two years of decline, purchases abroad of unsaturated polyesters in primary forms increased by 44% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of unsaturated polyesters in primary forms to South Africa, accounting for a 43% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-8.6% per year) and France (-2.0% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of unsaturated polyesters in primary forms to South Africa, comprising 33% of total imports. The second position in the ranking was held by Singapore ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-9.3% per year) and France (-1.5% per year).

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, surging by 6.8% against the previous year. In general, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 9.3% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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