Africa: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in Africa

The African plastics in primary forms market reached $X in 2023, increasing by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Production of Plastics in Primary Forms in Africa

In value terms, plastics in primary forms production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Exports of Plastics in Primary Forms

Exports in Africa

In 2023, approx. X tons of plastics in primary formses were exported in Africa; picking up by X% compared with the previous year's figure. Total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plastics in primary forms exports reduced to $X in 2023. Total exports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons) and South Africa (X tons) dominates exports structure, together mixing up X% of total exports. The following exporters - Tunisia (X tons) and Morocco (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. These countries were followed by Morocco, which accounted for a further X%.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price recorded a mild contraction. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Tunisia ($X per ton) and Morocco ($X per ton), while South Africa ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Plastics in Primary Forms

Imports in Africa

In 2023, imports of plastics in primary formses in Africa stood at X tons, picking up by X% against 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, plastics in primary forms imports fell to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Egypt (X tons) and Nigeria (X tons) represented the key importers of plastics in primary formses in Africa, together accounting for near X% of total imports. Morocco (X tons) took the next position in the ranking, followed by South Africa (X tons), Algeria (X tons) and Kenya (X tons). All these countries together held approx. X% share of total imports. The following importers - Tanzania (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Tunisia (X tons), Ethiopia (X tons), Zambia (X tons) and Uganda (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics in primary forms importing markets in Africa were Egypt ($X), Nigeria ($X) and Morocco ($X), with a combined X% share of total imports. South Africa, Algeria, Kenya, Tunisia, Cote d'Ivoire, Tanzania, Ghana, Ethiopia, Zambia and Uganda lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ethiopia, with a CAGR of X%, 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

In 2023, the import price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tunisia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform