Africa: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Africa

The African metal castor mounting market expanded markedly to $X in 2022, surging by 10% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Metal Castor Mounting Production in Africa

In value terms, metal castor mounting production rose sharply to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 49%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Metal Castor Mounting Exports

Exports in Africa

Metal castor mounting exports declined to X tons in 2022, remaining stable against the previous year. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 54%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal castor mounting exports shrank to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 64% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was approx. 93% of total exports in 2022. The following exporters - Morocco (X tons) and Tanzania (X tons) - each accounted for a 3.6% share of total exports.

Exports from South Africa increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Morocco (+45.9%) and Tanzania (+38.9%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +45.9% from 2012-2022. From 2012 to 2022, the share of South Africa, Morocco and Tanzania increased by +2.1, +1.7 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal castor mounting supplier in Africa, comprising 92% of total exports. The second position in the ranking was held by Morocco ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +2.5%. In the other countries, the average annual rates were as follows: Morocco (+33.3% per year) and Tanzania (+34.5% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by -2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 19%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.2%), while the other leaders experienced a decline in the export price figures.

Metal Castor Mounting Imports

Imports in Africa

In 2022, supplies from abroad of castors with mountings of base metal increased by 24% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 31%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, metal castor mounting imports expanded markedly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 45%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Morocco represented the major importing country with an import of around X tons, which amounted to 33% of total imports. Algeria (X tons) held the second position in the ranking, followed by South Africa (X tons), Egypt (X tons) and Nigeria (X tons). All these countries together took near 34% share of total imports. The following importers - Senegal (X tons), Ghana (X tons), Tunisia (X tons), Kenya (X tons), Ethiopia (X tons), Libya (X tons) and Angola (X tons) - together made up 19% of total imports.

Imports into Morocco increased at an average annual rate of +15.3% from 2012 to 2022. At the same time, Senegal (+34.1%), Ghana (+12.9%), Algeria (+10.1%), Kenya (+9.9%), Libya (+4.9%), Tunisia (+2.0%), Angola (+1.4%) and Ethiopia (+1.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of +34.1% from 2012-2022. South Africa experienced a relatively flat trend pattern. By contrast, Egypt (-7.3%) and Nigeria (-11.9%) illustrated a downward trend over the same period. While the share of Morocco (+22 p.p.), Algeria (+5.6 p.p.), Senegal (+3.5 p.p.) and Ghana (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-4.1 p.p.), Egypt (-11.6 p.p.) and Nigeria (-22.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X), Algeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined 50% share of total imports. South Africa, Ghana, Tunisia, Libya, Angola, Senegal, Kenya, Ethiopia and Nigeria lagged somewhat behind, together accounting for a further 30%.

Senegal, with a CAGR of +31.6%, saw the highest growth rate of the value of imports, among 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, with a decrease of -13.1% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the import price increased by 34%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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