South Africa: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in South Africa

The South African unvulcanised rubber market expanded sharply to $X in 2021, growing by 10% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 -11.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Unvulcanised Rubber Production in South Africa

In value terms, unvulcanised rubber production expanded markedly to $X in 2021 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.4% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Unvulcanised Rubber Exports

Exports from South Africa

In 2021, the amount of unvulcanised rubber exported from South Africa soared to X tons, growing by 298% compared with 2020. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unvulcanised rubber exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 95%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons), Australia (X tons) and Chile (X tons) were the main destinations of unvulcanised rubber exports from South Africa, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +6,766.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanised rubber exported from South Africa were Australia ($X), Chile ($X) and Peru ($X), together accounting for 56% of total exports.

Among the main countries of destination, Chile, with a CAGR of +3,650.7%, saw the highest rates of growth with regard to 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

In 2021, the average unvulcanised rubber export price amounted to $X per ton, which is down by -51.6% against the previous year. In general, the export price, however, showed a notable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 293% against the previous year. The export price peaked at $X per ton in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to Turkey ($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 India (+13.4%), while the prices for the other major destinations experienced a decline.

Unvulcanised Rubber Imports

Imports into South Africa

In 2021, approx. X tons of unvulcanised rubber were imported into South Africa; with an increase of 15% on the year before. In general, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 145% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, unvulcanised rubber imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 98% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of unvulcanised rubber to South Africa, accounting for a 49% share of total imports. Moreover, unvulcanised rubber imports from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by China (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +129.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+34.1% per year) and China (-10.6% per year).

In value terms, India ($X), the UK ($X) and Italy ($X) appeared to be the largest unvulcanised rubber suppliers to South Africa, together accounting for 77% of total imports.

India, with a CAGR of +106.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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