SADC: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in SADC

The SADC market for polyethylene with a specific gravity of less than X, in primary forms fell to $X in 2023, dropping by X% against the previous year. The market 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. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2023.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in SADC

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose rapidly 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 reached the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in SADC

In 2023, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms contracted remarkably to $X in 2023. In general, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2022, and then declined rapidly in the following year.

Exports by Country

South Africa prevails in forms structure, resulting at X tons, which was near X% of total exports in 2023. Mauritius (X tons) took a relatively small share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of South Africa and Mauritius increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest polyethylene with a specific gravity of less than X supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%).

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in SADC

In 2023, after three years of growth, there was significant decline in purchases abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by X% to X tons. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms dropped rapidly to $X in 2023. Over the period under review, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

South Africa represented the main importer of polyethylene with a specific gravity of less than X, in primary forms in SADC, with the volume of imports recording X tons, which was near X% of total imports in 2023. Tanzania (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%) and Zambia (X%). Mozambique (X tons), Angola (X tons), Malawi (X tons), Democratic Republic of the Congo (X tons), Botswana (X tons), Madagascar (X tons) and Namibia (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to polyethylene with a specific gravity of less than X imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Mozambique (X%), Zimbabwe (X%), Tanzania (X%), Botswana (X%), Namibia (X%), Angola (X%), Zambia (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Malawi (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Zimbabwe (X p.p.), Mozambique (X p.p.), Zambia (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Malawi and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Zimbabwe, with an X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a slight setback. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Botswana ($X per ton) and Namibia ($X per ton), while Mozambique ($X per ton) and Madagascar ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform