South Africa's export volume of acrylic polymers stood at 29.785 million kilograms in 2023. This figure is a testament to steady growth, reflecting a year-on-year increase of 2.74% from 2022 and a Compound Annual Growth Rate (CAGR) of 4.17% over the past five years.
Over the last decade, the volume has seen fluctuations, with significant growth spurts noted in 2016 (+20.6%) and 2021 (+24.13%) and downturns like in 2018 (-10.59%) and 2020 (-14.36%). The forecasted values suggest a continued upward trajectory, with the volume expected to reach 33.937 million kilograms by 2028, underpinned by a forecasted 5-year CAGR of 2.05%.
Future trends to watch for include:
- Potential impacts of global economic conditions on export volume
- Technological advancements in polymer production
- Shifts in trade policies affecting international markets
