Key Market Indicators
South Africa's plastic export market is projected to reach approximately $1.74 billion by 2028, up from $1.58 billion in 2023. This growth marks an average annual increase of 1.6%. Since 2005, the nation’s supply has consistently risen by 1.8% each year. On the import side, South Africa's plastic import market is expected to hit nearly $3.46 billion by 2028, rising from $3.1 billion in 2023. This represents an annual compound growth rate of 1.8%. The country's demand for plastic imports has surged by 1.9% per year since 2005. The continuous growth in both supply and demand underlines the significant role of the plastics industry in South Africa's economy.
