Africa: Abs Copolymers Market 2024

Abs Copolymers Market Size in Africa

The African ABS copolymers market rose slightly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2023 and is likely to see gradual growth in years to come.

Abs Copolymers Production in Africa

In value terms, ABS copolymers production totaled $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 remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Abs Copolymers Exports

Exports in Africa

After two years of growth, overseas shipments of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2022, and then declined remarkably in the following year.

In value terms, ABS copolymers exports shrank sharply to $X in 2023. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Nigeria (X tons) prevails in exports structure, together mixing up X% of total exports. Morocco (X tons) ranks next in terms of the total exports with a X% share, followed by Swaziland (X%) and Ghana (X%). Tanzania (X tons) and Mozambique (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the largest ABS copolymers supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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 Swaziland ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Abs Copolymers Imports

Imports in Africa

In 2023, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms imported in Africa surged to X tons, picking up by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, ABS copolymers imports shrank slightly to $X in 2023. Total imports indicated a moderate expansion 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Egypt represented the key importer of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Africa, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Morocco (X%), Algeria (X%) and Tunisia (X%).

From 2012 to 2023, average annual rates of growth with regard to ABS copolymers imports into Egypt stood at X%. At the same time, Morocco (X%), Algeria (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Egypt (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

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

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tunisia ($X per ton), while Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform