Africa: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Africa

The African base metal clasp market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a mild setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Base Metal Clasp Production in Africa

In value terms, base metal clasp production fell to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Base Metal Clasp Exports

Exports in Africa

In 2022, base metal clasp exports in Africa reduced modestly to X tons, which is down by X% on the previous year. Overall, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal clasp exports expanded rapidly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons) and South Africa (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Morocco (X tons), mixing up an X% share of total exports. Rwanda (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Tunisia ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (X%), while the other leaders experienced more modest paces of growth.

Base Metal Clasp Imports

Imports in Africa

In 2022, purchases abroad of articles such as clasps, frames with clasps, parts of base metal was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports surged to $X in 2022. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Egypt was the largest importer of articles such as clasps, frames with clasps, parts of base metal in Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Morocco (X tons), Nigeria (X tons), South Africa (X tons) and Ethiopia (X tons), together making up a X% share of total imports. Tunisia (X tons), Madagascar (X tons), Algeria (X tons), Kenya (X tons), Angola (X tons), Mozambique (X tons) and Senegal (X tons) followed a long way behind the leaders.

Imports into Egypt increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Senegal (X%), Madagascar (X%), Angola (X%), Kenya (X%), South Africa (X%), Ethiopia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%), Algeria (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, South Africa, Morocco, Ethiopia, Madagascar, Kenya, Angola, Mozambique and Senegal increased by X, X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal clasp importing markets in Africa were Morocco ($X), Tunisia ($X) and South Africa ($X), with a combined X% share of total imports. Madagascar, Egypt, Nigeria, Algeria, Ethiopia, Angola, Kenya, Mozambique and Senegal lagged somewhat behind, together accounting for a further X%.

Mozambique, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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