The import of fluoro-polymers to South Africa has been estimated at 1.45 million USD for 2023. With the provided forecasts, the market value is expected to grow steadily from 1.4798 million USD in 2024 to 1.5729 million USD by 2028. This represents an annual year-on-year growth rate of approximately 1.6% to 1.7%. Over the span of five years, the Compound Annual Growth Rate (CAGR) averages around 1.6% annually.
Future trends to watch for:
- Global supply chain dynamics post-COVID-19 and their impact on fluoro-polymer availability and pricing.
- Technological advancements and innovations in the polymer sector, potentially leading to new applications and increased demand.
- Environmental regulations and shifts towards sustainable alternatives could influence import patterns.