South Africa: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in South Africa

The South African market for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to less than $X in 2023, flattening at the previous year. Overall, consumption, however, showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in South Africa

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled less than $X in 2023 estimated in export price. In general, production, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from South Africa

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were exported from South Africa; reducing by X% against the previous year's figure. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined significantly to $X in 2016. Overall, exports showed a dramatic decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports of failed to regain momentum.

Exports by Country

Spain (X tons), China (X tons) and Zimbabwe (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from South Africa, together comprising X% of total exports. Belgium, Zambia, Germany, Democratic Republic of the Congo, Angola and Mozambique lagged somewhat behind, together comprising a further X%.

From 2012 to 2016, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Spain ($X) and China ($X) appeared to be the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from South Africa worldwide, together accounting for X% of total exports. Zambia, Belgium, Democratic Republic of the Congo, Germany, Angola and Mozambique lagged somewhat behind, together accounting for a further X%.

Zambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2016, the average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into South Africa

In 2016, approx. X tons of polyethylene terephthalate and other polyethylene terephthalate in primary forms were imported into South Africa; rising by X% against the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2016: its volume increased at an average annual rate of X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by X% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2016. The total import value increased at an average annual rate of X% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2014; however, from 2015 to 2016, imports failed to regain momentum.

Imports by Country

In 2016, China (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to South Africa, with a X% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), ninefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to South Africa, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2016, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price decreased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2016, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and China ($X per ton), while the price for Malaysia ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform