SADC: Synthetic Latex Rubber Market 2024

Synthetic Latex Rubber Market Size in SADC

The SADC synthetic latex rubber market dropped to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Synthetic Latex Rubber Production in SADC

In value terms, synthetic latex rubber production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Synthetic Latex Rubber Exports

Exports in SADC

In 2022, approx. X tons of synthetic latex rubber were exported in SADC; jumping by X% against 2021 figures. Total exports indicated a pronounced increase 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, synthetic latex rubber exports soared to $X in 2022. Over the period under review, exports posted a notable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the synthetic latex rubber exports, with a CAGR of X% from 2012 to 2022. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest synthetic latex rubber supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a slight decrease. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Synthetic Latex Rubber Imports

Imports in SADC

In 2022, supplies from abroad of synthetic latex rubber decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, synthetic latex rubber imports reduced markedly to $X in 2022. Over the period under review, imports saw a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

South Africa prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Tanzania (X tons), Mauritius (X tons), Zambia (X tons) and Namibia (X tons), together comprising a X% share of total imports. Zimbabwe (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic latex rubber imports into South Africa stood at X%. At the same time, Mauritius (X%), Zambia (X%), Zimbabwe (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Tanzania experienced a relatively flat trend pattern. Mauritius (X p.p.), Zambia (X p.p.), Tanzania (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported synthetic latex rubber in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, synthetic latex rubber imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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