Africa: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Africa

The African unvulcanized rubber market stood at $X in 2023, rising 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 years. 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.

Unvulcanized Rubber Production in Africa

In value terms, unvulcanized rubber production rose markedly to $X in 2023 estimated in export price. The total production indicated a temperate increase 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, production decreased by X% against 2021 indices. The growth pace was the most rapid 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.

Unvulcanized Rubber Exports

Exports in Africa

In 2023, approx. X tons of unvulcanized rubber and articles thereof were exported in Africa; picking up by X% compared with 2022. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, unvulcanized rubber exports rose significantly to $X in 2023. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Egypt (X tons), together comprising a X% share of total exports. Liberia (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to unvulcanized rubber exports from South Africa stood at X%. At the same time, Liberia (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Egypt experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Cote d'Ivoire (X p.p.), Egypt (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest unvulcanized rubber supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

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

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, approximately equating the previous year. Export price indicated a modest increase from 2012 to 2023: its price 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, unvulcanized rubber export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then fell in the following year.

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 Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Unvulcanized Rubber Imports

Imports in Africa

Unvulcanized rubber imports shrank slightly to X tons in 2023, which is down by X% compared with 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, unvulcanized rubber 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Morocco (X tons) represented the major importer of unvulcanized rubber and articles thereof, achieving X% of total imports. It was distantly followed by Egypt (X tons), South Africa (X tons), Tunisia (X tons), Ghana (X tons), Nigeria (X tons) and Algeria (X tons), together making up a X% share of total imports. The following importers - Kenya (X tons), Sudan (X tons), Ethiopia (X tons) and Senegal (X tons) - together made up X% of total imports.

Morocco was also the fastest-growing in terms of the unvulcanized rubber and articles thereof imports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%), Sudan (X%), Ethiopia (X%) and Tunisia (X%) displayed positive paces of growth. South Africa experienced a relatively flat trend pattern. By contrast, Ghana (X%), Egypt (X%), Kenya (X%), Nigeria (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.), Egypt (X p.p.), Nigeria (X p.p.) and Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported unvulcanized rubber and articles thereof in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by South Africa, with an X% share.

In Morocco, unvulcanized rubber imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then fell in the following year.

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

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

Source: IndexBox Platform