The import of Propylene Copolymers to South Africa has seen a general upward trend from 2013 to 2023, standing at 35.991 Million Kilograms in 2023. There were fluctuations, notable ones being in 2015 with a 43.79% increase, and in 2020 with a decline of 13.38%. The past two years showed stable growth with the import volume increasing by 3.64% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged 3.48%.
Looking ahead, the forecast indicates a continuation of this growth trend, with imports expected to rise steadily reaching 42.492 Million Kilograms by 2028. The anticipated average annual growth rate for the next five years is 2.66%, amounting to a total forecasted growth rate of 14.04% by 2028.
Future trends to watch for include:
- Potential changes in global supply chains affecting import volumes.
- Economic conditions and industrial demand in South Africa.
- Technological advancements in the production of Propylene Copolymers.
- Regulatory changes and environmental considerations impacting market demand.
