South Africa: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in South Africa

For the third consecutive year, the South African polyethylene binder market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a mild setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Polyethylene Binder Production in South Africa

In value terms, polyethylene binder production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polyethylene Binder Exports

Exports from South Africa

After two years of growth, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines decreased by X% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, polyethylene binder exports dropped significantly to $X in 2022. In general, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Swaziland (X tons) were the main destinations of polyethylene binder exports from South Africa, with a combined X% share of total exports. Botswana, Zambia, Zimbabwe and Kenya lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene binder exported from South Africa were Namibia ($X), Mozambique ($X) and Botswana ($X), with a combined X% share of total exports. Kenya, Zambia, Swaziland and Zimbabwe lagged somewhat behind, together accounting for a further X%.

Kenya, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Binder Imports

Imports into South Africa

In 2022, approx. X tons of polyethylene or polypropylene binder or baler (agricultural) twines were imported into South Africa; shrinking by X% against 2021 figures. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, polyethylene binder imports contracted to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Hungary (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of polyethylene binder imports to South Africa, with a combined X% share of total imports. Vietnam and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder suppliers to South Africa were Hungary ($X), Germany ($X) and Portugal ($X), with a combined X% share of total imports. Vietnam and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average polyethylene binder import price amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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