Africa: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Africa

In 2023, the African ethylene-vinyl acetate copolymers market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated noticeable 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 increased by X% against 2016 indices. The level of consumption peaked at $X in 2022, and then contracted slightly in the following year.

Ethylene-Vinyl Acetate Copolymers Production in Africa

In value terms, ethylene-vinyl acetate copolymers production rose remarkably to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports in Africa

In 2023, overseas shipments of ethylene-vinyl acetate copolymers in primary forms increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, ethylene-vinyl acetate copolymers exports soared to $X in 2023. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Egypt represented the major exporter of ethylene-vinyl acetate copolymers in primary forms in Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Kenya (X tons) held the second position in the ranking, followed by South Africa (X tons), Sudan (X tons), Algeria (X tons) and Swaziland (X tons). All these countries together took near X% share of total exports. Morocco (X tons) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2023. At the same time, Sudan (X%), Algeria (X%), Kenya (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Morocco experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Sudan (X p.p.), Algeria (X p.p.) and Kenya (X p.p.) significantly strengthened its position in terms of the total exports, while Swaziland, Morocco and South Africa saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Egypt ($X) remains the largest ethylene-vinyl acetate copolymers supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Sudan ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Egypt, ethylene-vinyl acetate copolymers 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: Sudan (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price showed a mild decrease. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while Kenya ($X per ton) was amongst the lowest.

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

Ethylene-Vinyl Acetate Copolymers Imports

Imports in Africa

In 2023, the amount of ethylene-vinyl acetate copolymers in primary forms imported in Africa skyrocketed to X tons, picking up by X% on the previous year. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, ethylene-vinyl acetate copolymers imports declined to $X in 2023. Overall, imports saw prominent growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the major importer of ethylene-vinyl acetate copolymers in primary forms in Africa, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. Egypt (X tons) took the second position in the ranking, followed by Tanzania (X tons), South Africa (X tons) and Kenya (X tons). All these countries together took approx. X% share of total imports. Algeria (X tons), Ethiopia (X tons), Cameroon (X tons), Cote d'Ivoire (X tons), Angola (X tons), Malawi (X tons) and Morocco (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Malawi (X%), Angola (X%), Egypt (X%), Kenya (X%), Cameroon (X%), Tanzania (X%), South Africa (X%), Algeria (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Ethiopia experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Malawi and Angola increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported ethylene-vinyl acetate copolymers in primary forms in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell dramatically in the following year.

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

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

Source: IndexBox Platform