Africa: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Africa

In 2022, the African vulcanised rubber thread market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Vulcanised Rubber Thread Production in Africa

In value terms, vulcanised rubber thread production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Vulcanised Rubber Thread Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of vulcanised rubber thread and cord, when their volume decreased by X% to X tons. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports shrank significantly to $X in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Ghana (X tons) represented roughly X% of total exports in 2022. Egypt (X tons) ranks next in terms of the total exports with a X% share, followed by Kenya (X%).

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

In value terms, the largest vulcanised rubber thread supplying countries in Africa were Egypt ($X), South Africa ($X) and Ghana ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Vulcanised Rubber Thread Imports

Imports in Africa

In 2022, vulcanised rubber thread imports in Africa reduced to X tons, falling by X% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, vulcanised rubber thread imports fell to $X in 2022. Overall, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

The purchases of the seven major importers of vulcanised rubber thread and cord, namely Angola, Morocco, Egypt, Algeria, Democratic Republic of the Congo, Sudan and Tunisia, represented more than two-thirds of total import. The following importers - Guinea (X tons), Cameroon (X tons), Mauritius (X tons), South Africa (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Algeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Sudan, Tunisia, Angola, South Africa, Cameroon, Mauritius, Guinea, Ghana, Democratic Republic of the Congo and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Sudan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 2022, remaining stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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