Africa: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Africa

After four years of growth, the African market for copper bars, wire and plates decreased by -1.8% to $X in 2021. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the market value increased by 9.5%. As a result, consumption attained the peak level of $X, and then reduced modestly in the following year.

Production of Copper Bars, Wire And Plates in Africa

In value terms, copper bars, wire and plates production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 15% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in Africa

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Egypt (X tons) was the key exporter of copper bars, wire and plates, committing 61% of total exports. It was distantly followed by Zambia (X tons), South Africa (X tons) and Namibia (X tons), together generating a 34% share of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates exports from Egypt stood at -1.2%. Senegal and South Africa experienced a relatively flat trend pattern. Namibia (-2.6%) and Zambia (-17.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt, South Africa and Namibia increased by +22, +4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest copper bars, wire and plates supplier in Africa, comprising 66% of total exports. The second position in the ranking was held by Zambia ($X), with a 16% share of total exports. It was followed by South Africa, with a 9.2% share.

In Egypt, copper bars, wire and plates exports plunged by an average annual rate of -2.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (-14.0% per year) and South Africa (+0.3% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, increasing by 40% against the previous year. In general, the export price saw a slight increase. 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 ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Zambia (+3.7%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in Africa

In 2021, the amount of copper bars, wire and plates imported in Africa totaled X tons, growing by 4.8% compared with 2020 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Morocco (X tons), South Africa (X tons) and Tunisia (X tons) was the largest importer of copper bars, wire and plates in Africa, mixing up 72% of total import. It was distantly followed by Egypt (X tons), comprising a 6.5% share of total imports. Algeria (X tons), Botswana (X tons), Kenya (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), South Africa ($X) and Tunisia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 74% share of total imports. Egypt, Algeria, Kenya, Senegal, Cote d'Ivoire and Botswana lagged somewhat behind, together accounting for a further 18%.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +12.6%, saw 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

The import price in Africa stood at $X per ton in 2021, picking up by 42% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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