South Africa: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in South Africa

The South African vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a slight shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Thread Production in South Africa

In value terms, vulcanised rubber thread production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10%. Vulcanised rubber thread production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from South Africa

In 2021, after two years of growth, there was significant decline in overseas shipments of vulcanised rubber thread and cord, when their volume decreased by -10.4% to X tons. Overall, exports faced a deep slump. The growth pace was the most rapid in 2019 with an increase of 61% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports stood at $X in 2021. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for vulcanised rubber thread exports from South Africa, with a 51% share of total exports. Moreover, vulcanised rubber thread exports to Tanzania exceeded the volume sent to the second major destination, Israel (X tons), twofold. The third position in this ranking was held by Swaziland (X tons), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Tanzania totaled +192.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-30.7% per year) and Swaziland (-6.9% per year).

In value terms, the largest markets for vulcanised rubber thread exported from South Africa were Tanzania ($X), Israel ($X) and Swaziland ($X), with a combined 88% share of total exports.

Tanzania, with a CAGR of +175.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the export price, however, saw a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 50%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Zimbabwe ($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 Zambia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into South Africa

In 2021, the amount of vulcanised rubber thread and cord imported into South Africa soared to X tons, growing by 83% against 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 120% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 146%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of vulcanised rubber thread imports to South Africa, with a combined 92% share of total imports. These countries were followed by France, China and Vietnam, which together accounted for a further 6.9%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +459.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber thread suppliers to South Africa were Thailand ($X), Malaysia ($X) and India ($X), together comprising 79% of total imports. These countries were followed by France, China and Vietnam, which together accounted for a further 16%.

Among the main suppliers, Vietnam, with a CAGR of +377.5%, 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 vulcanised rubber thread import price stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. 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 France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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