SADC: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in SADC

The SADC polyethylene glycol and polyether market reached $X in 2023, almost unchanged from the previous year. In general, consumption, however, continues to indicate a perceptible decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Polyethylene Glycols and Polyethers in Primary Forms in SADC

In value terms, polyethylene glycol and polyether production reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in SADC

In 2023, the amount of polyethylene glycols and polyethers in primary forms exported in SADC reduced modestly to X tons, flattening at the previous year. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports stood at $X in 2023. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) represented roughly X% of total exports in 2023.

Tanzania was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Tanzania increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) also remains the largest polyethylene glycol and polyether supplier in SADC.

In Tanzania, polyethylene glycol and polyether exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Tanzania.

From 2012 to 2023, the rate of growth in terms of prices for Tanzania amounted to X% per year.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in SADC

Polyethylene glycol and polyether imports contracted to X tons in 2023, which is down by X% compared with 2022 figures. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, polyethylene glycol and polyether imports contracted to $X in 2023. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Tanzania was the major importing country with an import of around X tons, which accounted for X% of total imports. Democratic Republic of the Congo (X tons) ranks second in terms of the total imports with a X% share, followed by Angola (X%) and Zimbabwe (X%). The following importers - Malawi (X tons) and Mauritius (X tons) - together made up X% of total imports.

Imports into Tanzania increased at an average annual rate of X% from 2012 to 2023. At the same time, Democratic Republic of the Congo (X%) and Malawi (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Mauritius (X%), Zimbabwe (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.), Democratic Republic of the Congo (X p.p.), Angola (X p.p.), Zimbabwe (X p.p.) and Malawi (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported polyethylene glycols and polyethers in primary forms in SADC, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In Tanzania, polyethylene glycol and polyether imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Angola (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, approximately mirroring the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Mauritius ($X per ton) and Malawi ($X per ton), while Zimbabwe ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform