The import of polypropylene to South Africa stood at 20.764 million kilograms in 2023. Over the past decade, import volumes have shown variations, with significant year-to-year changes. From 2013 to 2023, there were periods of both decline and recovery, including a notable drop in 2016 followed by an upward trend beginning in 2017. Recent years observed a steady rise, with a year-on-year increase of 6.64% in 2022 and 1.26% in 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 is -0.75%, reflecting some inconsistency in import volumes.
Looking ahead, the forecast predicts a moderate increase in the import volume of polypropylene, with projections reaching 22.057 million kilograms by 2028. The forecasted five-year CAGR is 1.01%, indicating gradual growth. This suggests a stabilization phase in the market, with a slight upward trajectory in demand. The predicted five-year growth rate stands at 5.15%, consistent with this trend.
Future trends to watch for include potential shifts in global polypropylene supply chains, changes in South Africa's domestic production capacity, and modifications in trade policies or tariffs that could impact import volumes. Moreover, developments in recycling technologies and increasing demand for sustainable materials might influence future import dynamics of polypropylene.
