Africa: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Africa

In 2022, after three years of growth, there was significant decline in the African natural rubber and gum market, when its value decreased by X% to $X. The total consumption indicated slight growth from 2012 to 2022: its value 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. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Production of Natural Rubber And Gums in Africa

In value terms, natural rubber and gum production stood at $X in 2022 estimated in export price. Overall, production, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cote d'Ivoire (X tons) remains the largest natural rubber and gum producing country in Africa, accounting for X% of total volume. Moreover, natural rubber and gum production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Nigeria (X tons), ninefold. The third position in this ranking was held by Ghana (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Cote d'Ivoire totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Nigeria (X% per year) and Ghana (X% per year).

In 2022, the average yield of natural rubber and gums in Africa expanded modestly to X tons per ha, picking up by X% against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Africa rose rapidly to X ha, growing by X% compared with 2021 figures. Over the period under review, the harvested area continues to indicate buoyant growth. The growth pace was the most rapid in 2017 when the harvested area increased by X%. The level of harvested area peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Natural Rubber And Gums

Exports in Africa

In 2022, overseas shipments of natural rubber and gums increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural rubber and gum exports surged to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Cote d'Ivoire prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Cameroon (X tons) took a little share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the natural rubber and gums exports, with a CAGR of X% from 2012 to 2022. At the same time, Cameroon (X%) displayed positive paces of growth. While the share of Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cameroon (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) emerged as the largest natural rubber and gum supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Cameroon ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (X%).

Imports of Natural Rubber And Gums

Imports in Africa

For the fourth year in a row, Africa recorded growth in purchases abroad of natural rubber and gums, which increased by less than X% to X tons in 2022. Total imports indicated a notable 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, natural rubber and gum imports contracted slightly to $X in 2022. Overall, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of natural rubber and gum imports in 2022 were Egypt (X tons), Algeria (X tons), Ethiopia (X tons) and Kenya (X tons), together amounting to X% of total import. South Africa (X tons) ranks next in terms of the total imports with a X% share, followed by Nigeria (X%). Morocco (X tons) took a minor 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 Kenya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum importing markets in Africa were Egypt ($X), Ethiopia ($X) and Algeria ($X), with a combined X% share of total imports. Kenya, South Africa, Nigeria and Morocco lagged somewhat behind, together comprising a further X%.

Kenya, with a CAGR of X%, saw the highest rates of growth with regard to 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, falling by X% against the previous year. In general, the import price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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