Africa: Polycarbonate Market 2024

Polycarbonate Market Size in Africa

The African polycarbonate market totaled $X in 2023, increasing by X% against the previous year. The total consumption indicated notable growth 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 decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Polycarbonate Production in Africa

In value terms, polycarbonate production expanded sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Polycarbonate Exports

Exports in Africa

In 2023, after three years of growth, there was significant decline in shipments abroad of polycarbonates (in primary forms), when their volume decreased by X% to X tons. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank notably in the following year.

In value terms, polycarbonate exports fell significantly to $X in 2023. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Morocco (X tons) and South Africa (X tons) represented the main exporters of polycarbonates (in primary forms) in Africa, together making up X% of total exports. Nigeria (X tons) held the next position in the ranking, followed by Egypt (X tons). All these countries together held near X% share of total exports. Tunisia (X tons) and Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X) emerged as the largest polycarbonate supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

In Morocco, polycarbonate exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Nigeria ($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 a decline in the export price figures.

Polycarbonate Imports

Imports in Africa

In 2023, purchases abroad of polycarbonates (in primary forms) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a resilient increase from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, polycarbonate imports declined to $X in 2023. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Egypt (X tons), distantly followed by Morocco (X tons), South Africa (X tons) and Tunisia (X tons) represented the largest importers of polycarbonates (in primary forms), together committing X% of total imports. Tanzania (X tons), Kenya (X tons) and Algeria (X tons) held a minor share of total imports.

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

In value terms, the largest polycarbonate importing markets in Africa were Egypt ($X), Morocco ($X) and South Africa ($X), together accounting for X% of total imports. Tunisia, Algeria, Tanzania and Kenya lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Tanzania, with a CAGR of X%, 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 import price in Africa stood at $X per ton in 2023, remaining constant against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform