Sudan: Plastic Support Market 2024

Plastic Support Market Size in Sudan

The Sudanese plastic support market rose modestly to $X in 2022, increasing by 1.7% against the previous year. In general, consumption showed a abrupt setback. The growth pace was the most rapid in 2017 when the market value increased by 9%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plastic Support Production in Sudan

In value terms, plastic support production expanded slightly to $X in 2022 estimated in export price. In general, production saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Plastic Support Exports

Exports from Sudan

In 2022, the amount of spools, cops and similar supports of plastics exported from Sudan fell dramatically to X kg, with a decrease of -99.5% on the previous year. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 113,536% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic support exports reduced rapidly to $X in 2022. Overall, exports recorded a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by 47,529%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X kg), France (X kg) and China (X kg) were the main destinations of plastic support 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 ($X) emerged as the key foreign market for spools, cops and similar supports of plastics exports from Sudan, comprising 72% of total exports. The second position in the ranking was held by France ($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

The average plastic support export price stood at $X per ton in 2022, jumping by 142% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 235%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Ethiopia (+5.8%), while the prices for the other major destinations experienced a decline.

Plastic Support Imports

Imports into Sudan

In 2022, after two years of decline, there was significant growth in overseas purchases of spools, cops and similar supports of plastics, when their volume increased by 13% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 157% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic support imports totaled $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -31.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 113%. 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 supplier of plastic support to Sudan, accounting for a 56% share of total imports. Moreover, plastic support imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+2.6% per year) and the United Arab Emirates (+5.3% per year).

In value terms, the largest plastic support suppliers to Sudan were Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X), together comprising 75% of total imports. China, India and Turkey lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, China, with a CAGR of +16.3%, saw 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 support import price stood at $X per ton in 2022, waning by -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for India ($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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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