Price for Waste, Parings and Scrap, of Plastics in South Africa - 2023

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in South Africa (CIF) - 2023
2. Price for Waste, Parings and Scrap, of Plastics in South Africa (FOB) - 2023
3. Imports of Waste, Parings and Scrap, of Plastics in South Africa
4. Exports of Waste, Parings and Scrap, of Plastics in South Africa

Price for Waste, Parings and Scrap, of Plastics in South Africa (CIF) - 2023

The average import price for waste, parings and scrap, of plasticses stood at $359 per ton in December 2023, reducing by -14.4% against the previous month. Over the period under review, the import price, however, showed a noticeable expansion. The growth pace was the most rapid in April 2023 an increase of 83% against the previous month. As a result, import price reached the peak level of $634 per ton. From May 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mauritius ($548 per ton), while the price for Lesotho ($43.0 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Zambia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in South Africa (FOB) - 2023

In December 2023, the average export price for waste, parings and scrap, of plasticses amounted to $987 per ton, surging by 102% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Zimbabwe ($1,210 per ton), while the average price for exports to Thailand ($516 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Waste, Parings and Scrap, of Plastics in South Africa

In 2022, the amount of waste, parings and scrap, of plasticses imported into South Africa stood at 13K tons, flattening at the year before. In general, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year.

In value terms, imports of waste, parings and scrap, of plasticses dropped to $4.5M in 2022. Over the period under review, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to South Africa in 2022:

1. Namibia (3.0K tons)
2. Mozambique (2.4K tons)
3. Zimbabwe (1.6K tons)
4. Portugal (1.3K tons)
5. Mauritius (1.2K tons)
6. Spain (0.8K tons)
7. China (0.7K tons)
8. Botswana (0.7K tons)
9. Zambia (0.5K tons)
10. Germany (0.1K tons)

Exports of Waste, Parings and Scrap, of Plastics in South Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of waste, parings and scrap, of plasticses, when their volume increased by 93% to 2.9K tons. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of waste, parings and scrap, of plasticses surged to $2.2M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waste, Parings and Scrap, of Plastics from South Africa in 2022:

1. Zimbabwe (1278.5 tons)
2. Malaysia (590.4 tons)
3. Israel (224.8 tons)
4. Kenya (175.3 tons)
5. India (103.7 tons)
6. Djibouti (92.8 tons)
7. Mozambique (60.6 tons)
8. South Korea (53.6 tons)
9. Pakistan (49.6 tons)
10. Algeria (48.7 tons)
11. United Kingdom (48.7 tons)
12. Swaziland (45.1 tons)
13. Sweden (16.7 tons)

Source: IndexBox Market Intelligence Platform