SADC: Market for Plastics in Primary Forms 2024

Market Size for Plastics in Primary Forms in SADC

After three years of growth, the SADC plastics in primary forms market decreased by X% to $X in 2023. The total consumption indicated a temperate 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Plastics in Primary Forms in SADC

In value terms, plastics in primary forms production reached $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; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Plastics in Primary Forms

Exports in SADC

In 2023, overseas shipments of plastics in primary formses increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 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 lower figure.

In value terms, plastics in primary forms exports reduced sharply to $X in 2023. Overall, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X tons), together accounting for X% of total export.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of plastics in primary formses. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest plastics in primary forms supplier in SADC.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Plastics in Primary Forms

Imports in SADC

After two years of growth, overseas purchases of plastics in primary formses decreased by X% to X tons in 2023. 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 pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, plastics in primary forms imports reduced dramatically to $X in 2023. Total imports indicated modest 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. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

In 2023, South Africa (X tons), distantly followed by Tanzania (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons), Zimbabwe (X tons) and Angola (X tons) represented the key importers of plastics in primary formses, together constituting X% of total imports. Mozambique (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported plastics in primary formses in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform