Africa: Market for Hot-Rolled Steel Bars and Rods 2025

Market Size for Hot-Rolled Steel Bars and Rods in Africa

The African market for hot-rolled steel bars and rods stood at $X in 2021, increasing by 3.1% against the previous year. Overall, consumption showed a mild decline. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.9%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Hot-Rolled Steel Bars and Rods in Africa

In value terms, hot-rolled steel bar and rod production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Hot-Rolled Steel Bars and Rods

Exports in Africa

In 2021, exports of hot-rolled steel bars and rods in Africa skyrocketed to X tons, picking up by 20% compared with 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 45% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, hot-rolled steel bar and rod exports soared to $X in 2021. Overall, exports recorded a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt (X tons) and South Africa (X tons) represented the largest exporters of hot-rolled steel bars and rods in 2021, accounting for near 35% and 27% of total exports, respectively. Senegal (X tons) ranks next in terms of the total exports with a 5.5% share, followed by Zambia (4.6%). The following exporters - Benin (X tons), Ghana (X tons), Burkina Faso (X tons), Algeria (X tons), Morocco (X tons) and Kenya (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Algeria (with a CAGR of +57.1%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Zambia ($X) constituted the countries with the highest levels of exports in 2021, together comprising 69% of total exports. These countries were followed by Senegal, Benin, Ghana, Burkina Faso, Kenya, Morocco and Algeria, which together accounted for a further 17%.

Algeria, with a CAGR of +46.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 27% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+2.1%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Steel Bars and Rods

Imports in Africa

In 2021, hot-rolled steel bar and rod imports in Africa contracted to X tons, which is down by -11.2% compared with the previous year's figure. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-rolled steel bar and rod imports rose remarkably to $X in 2021. Overall, imports showed a abrupt setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Senegal (X tons), followed by Ghana (X tons), Ethiopia (X tons), Kenya (X tons), Tanzania (X tons) and Cote d'Ivoire (X tons) were the key importers of hot-rolled steel bars and rods, together achieving 42% of total imports. Libya (X tons), Morocco (X tons), Burkina Faso (X tons), Mozambique (X tons), Benin (X tons), Togo (X tons) and Guinea (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel bar and rod importing markets in Africa were Senegal ($X), Ghana ($X) and Tanzania ($X), together accounting for 25% of total imports. Kenya, Libya, Ethiopia, Morocco, Cote d'Ivoire, Mozambique, Burkina Faso, Togo, Benin and Guinea lagged somewhat behind, together comprising a further 39%.

Among the main importing countries, Togo, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Morocco ($X per ton) and Mozambique ($X per ton), while Cote d'Ivoire ($X per ton) and Ethiopia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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