Sudan: Plastic Closure Market 2024

Plastic Closure Market Size in Sudan

In 2022, after two years of decline, there was significant growth in the Sudanese plastic closure market, when its value increased by 7.2% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Closure Exports

Exports from Sudan

In 2022, approx. X kg of plastic stoppers, caps and closures were exported from Sudan; which is down by -13% against the year before. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 1,321% against the previous year. As a result, the exports reached the peak of X kg. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports rose to $X in 2022. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2015 when exports increased by 733% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India (X kg), France (X kg) and China (X kg) were the main destinations of plastic closure exports from Sudan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, India ($X) emerged as the key foreign market for plastic stoppers, caps and closures exports from Sudan, comprising 72% of total exports. The second position in the ranking was held by France ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-26.7% per year) and China (-26.6% per year).

Export Prices by Country

In 2022, the average plastic closure export price amounted to $X per ton, surging by 20% against the previous year. In general, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2019 an increase of 57%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-5.7%), while the prices for the other major destinations experienced a decline.

Plastic Closure Imports

Imports into Sudan

In 2022, purchases abroad of plastic stoppers, caps and closures was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 158%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic closure imports rose slightly to $X in 2022. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.9% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 115% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest plastic closure supplier to Sudan, accounting for a 57% share of total imports. Moreover, plastic closure imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+2.9% per year) and the United Arab Emirates (+5.5% per year).

In value terms, the largest plastic closure suppliers to Sudan were Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X), with a combined 78% share of total imports. China and India lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, China, with a CAGR of +13.7%, recorded the highest rates of growth with regard to 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 plastic closure import price stood at $X per ton in 2022, with a decrease of -9.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2020 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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