Africa: Forged Metal Articles Market 2020

Forged Metal Articles Market Size in Africa

The revenue of the forged metal articles market in Africa amounted to $X in 2017, lowering by -X% against the previous year. The forged metal articles consumption continues to indicate a mild downturn. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. The level of forged metal articles consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Forged Metal Articles Production in Africa

In 2017, approx. X tons of forged or stamped articles of iron or steel were produced in Africa; therefore, remained relatively stable against the previous year. The forged metal articles production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the forged metal articles production attained its maximum volume in 2017, and is likely to see steady growth in the near future.

Forged Metal Articles Exports in Africa

In 2017, approx. X tons of forged or stamped articles of iron or steel were exported in Africa; jumping by X% against the previous year. The forged metal articles exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. In that year, the forged metal articles exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, forged metal articles exports amounted to $X in 2017. The total exports indicated a significant growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged metal articles exports increased by +X% against 2015 indices. In that year, the forged metal articles exports attained their peak level, and are likely to continue its growth in the immediate term.

Forged Metal Articles Exports by Country in Africa

South Africa was the main exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Namibia (X tons) and Zambia (X tons), together creating X% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged metal articles markets worldwide were South Africa ($X), Namibia ($X) and Zambia ($X), together comprising X% of total exports.

Namibia (+X% per year) recorded the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Forged Metal Articles Export Prices by Country in Africa

In 2017, the forged metal articles export price in Africa amounted to $X per ton, declining by -X% against the previous year. The forged metal articles export price continues to indicate a temperate drop. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% year-to-year. Over the period under review, the export prices for forged or stamped articles of iron or steel attained its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Zambia ($X per ton) and Ghana ($X per ton), while Namibia ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (-X% per year), while the other leaders experienced a decline in the export price figures.

Forged Metal Articles Imports in Africa

The imports amounted to X tons in 2017, reducing by -X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2008, with an increase of X% y-o-y. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, forged metal articles imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the forged metal articles imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Forged Metal Articles Imports by Country in Africa

Zambia (X tons), Ghana (X tons) and Tanzania (X tons) represented roughly X% of total imports of forged or stamped articles of iron or steel in 2017. Namibia (X tons) ranks second in terms of the global imports with a X% share, followed by South Africa (X%). The following importers - Senegal (X tons), Cote d'Ivoire (X tons), Kenya (X tons), Morocco (X tons), Mauritania (X tons), Burkina Faso (X tons) and Mali (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Namibia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged metal articles markets worldwide were Zambia ($X), Ghana ($X) and Tanzania ($X), with a combined X% share of total imports. These countries were followed by Namibia, South Africa, Morocco, Cote d'Ivoire, Senegal, Kenya, Mauritania, Mali and Burkina Faso, which together accounted for a further X%.

Namibia (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Forged Metal Articles Import Prices by Country in Africa

The forged metal articles import price in Africa stood at $X per ton in 2017, increasing by X% against the previous year. The forged metal articles import price continues to indicate a measured deduction. The growth pace was the most rapid in 2011, an increase of X% y-o-y. In that year, the import prices for forged or stamped articles of iron or steel attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for forged or stamped articles of iron or steel failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Morocco ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Senegal (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform