Africa: Pig Iron Articles Market 2025

Pig Iron Articles Market Size in Africa

The African pig iron articles market expanded to $X in 2021, with an increase of 1.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.8% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Pig Iron Articles Production in Africa

In value terms, pig iron articles production shrank slightly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +12.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22%. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Pig Iron Articles Exports

Exports in Africa

In 2021, shipments abroad of granules and powders of pig iron decreased by -3.1% to X tons, falling for the fourth year in a row after two years of growth. In general, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when exports increased by 159% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, pig iron articles exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 214% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Egypt was the main exporter of granules and powders of pig iron in Africa, with the volume of exports amounting to X tons, which was near 69% of total exports in 2021. It was distantly followed by South Africa (X tons), committing a 29% share of total exports. Tunisia (X tons) followed a long way behind the leaders.

Exports from Egypt increased at an average annual rate of +13.9% from 2012 to 2021. At the same time, Tunisia (+30.8%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +30.8% from 2012-2021. By contrast, South Africa (-13.3%) illustrated a downward trend over the same period. While the share of Egypt (+53 p.p.) and Tunisia (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-49.8 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) remains the largest pig iron articles supplier in Africa, comprising 72% of total exports. The second position in the ranking was held by South Africa ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt totaled +15.0%. In the other countries, the average annual rates were as follows: South Africa (-10.1% per year) and Tunisia (+27.6% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, jumping by 27% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pig iron articles export price increased by +57.8% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Pig Iron Articles Imports

Imports in Africa

In 2021, supplies from abroad of granules and powders of pig iron increased by 52% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports posted a tangible expansion. The growth pace was the most rapid in 2013 with an increase of 244%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, pig iron articles imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, reaching X tons, which was near 60% of total imports in 2021. Tunisia (X tons) held an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (7.6%). Mozambique (X tons), Morocco (X tons), Nigeria (X tons), Lesotho (X tons), Kenya (X tons) and Egypt (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +11.7% from 2012 to 2021. At the same time, Kenya (+22.5%), Tunisia (+16.1%), Lesotho (+11.4%) and Algeria (+1.6%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of +22.5% from 2012-2021. By contrast, Mozambique (-1.3%), Nigeria (-5.3%), Morocco (-13.9%) and Egypt (-20.5%) illustrated a downward trend over the same period. South Africa (+31 p.p.) and Tunisia (+5.7 p.p.) significantly strengthened its position in terms of the total imports, while Mozambique, Nigeria, Morocco and Egypt saw its share reduced by -1.7%, -3%, -12.4% and -14.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported granules and powders of pig iron in Africa, comprising 49% of total imports. The second position in the ranking was held by Tunisia ($X), with a 10% share of total imports. It was followed by Egypt, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (+15.0% per year) and Egypt (-10.6% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, waning by -4.3% against the previous year. Overall, the import price saw a pronounced decrease. The growth pace was the most rapid in 2014 an increase of 183%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 Egypt (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform