Africa: Fluoropolymers Market 2024

Fluoropolymers Market Size in Africa

The African fluoropolymers market contracted modestly to $X in 2023, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Fluoropolymers Production in Africa

In value terms, fluoropolymers production declined modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Fluoropolymers Exports

Exports in Africa

In 2023, shipments abroad of fluoropolymers increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, fluoropolymers exports fell markedly to $X in 2023. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Swaziland (X tons) and Tunisia (X tons), together mixing up a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Swaziland (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Tunisia experienced a relatively flat trend pattern. From 2012 to 2023, the share of South Africa and Swaziland increased by X and X percentage points, respectively.

In value terms, Swaziland ($X), South Africa ($X) and Tunisia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Swaziland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a 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 ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Fluoropolymers Imports

Imports in Africa

In 2023, purchases abroad of fluoropolymers decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, fluoropolymers imports rose slightly to $X in 2023. Total imports indicated a perceptible increase 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 pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Kenya (X tons) and Niger (X tons) represented roughly X% of total imports in 2023. South Africa (X tons) ranks next in terms of the total imports with a X% share, followed by Egypt (X%). The following importers - Ethiopia (X tons), Libya (X tons) and Ghana (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fluoropolymers importing markets in Africa were South Africa ($X), Kenya ($X) and Egypt ($X), together comprising X% of total imports. Ethiopia, Niger, Libya and Ghana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ghana, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

Source: IndexBox Platform