Sudan: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in Sudan

The Sudanese market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) contracted modestly to $X in 2021, which is down by -2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from Sudan

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) decreased by -39.3% to X kg for the first time since 2015, thus ending a five-year rising trend. Overall, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 400%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) fell significantly to $X in 2021. In general, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2018 with an increase of 389% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X kg) was the main destination for exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Sudan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 100%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2012 to 2021, the rate of growth in terms of prices for Uzbekistan amounted to 0.0% per year.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into Sudan

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into Sudan reduced to X tons, declining by -6.2% compared with the previous year's figure. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +7.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 61%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) dropped slightly to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 54%. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Sudan, with a 79% share of total imports. Moreover, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and the United Arab Emirates (+3.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to Sudan, comprising 51% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Sweden, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Sweden (+17.7% per year).

Import Prices by Country

In 2021, the average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, rising by 3.9% against the previous year. In general, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 18% against the previous year. Over the period under review, average import prices reached the maximum 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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform