Africa: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in Africa

The African hot-rolled bearing steel bar market reduced slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption saw a noticeable decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Hot-Rolled Bars In Bearing Steels in Africa

In value terms, hot-rolled bearing steel bar production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.1%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars In Bearing Steels

Exports in Africa

In 2022, exports of hot-rolled bars in bearing steels in Africa declined sharply to X tons, falling by -53.8% compared with the previous year. Overall, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2016 when exports increased by 200%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports dropped dramatically to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Namibia represented the largest exporter of hot-rolled bars in bearing steels in Africa, with the volume of exports reaching X tons, which was approx. 59% of total exports in 2022. It was distantly followed by Egypt (X tons), comprising a 33% share of total exports. Angola (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of +30.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) emerged as the largest hot-rolled bearing steel bar supplier in Africa, comprising 69% of total exports. The second position in the ranking was held by Egypt ($X), with a 28% share of total exports. It was followed by South Africa, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value in Namibia totaled +20.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (-9.7% per year) and South Africa (+6.8% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by 29% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 76%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hot-Rolled Bars In Bearing Steels

Imports in Africa

In 2022, supplies from abroad of hot-rolled bars in bearing steels decreased by -4.9% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 77% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports shrank to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 52% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of hot-rolled bearing steel bar imports in 2022 were Ethiopia (X tons), Zambia (X tons) and Ghana (X tons), together reaching 57% of total import. Tunisia (X tons) held the next position in the ranking, followed by Guinea (X tons), South Africa (X tons) and Egypt (X tons). All these countries together held near 27% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guinea (with a CAGR of +83.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Tunisia ($X) and Ethiopia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 47% share of total imports. Ghana, South Africa, Egypt and Guinea lagged somewhat behind, together comprising a further 34%.

Guinea, with a CAGR of +66.2%, saw the highest rates of growth with regard to 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, remaining constant against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar import price increased by +22.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 28%. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Guinea ($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 (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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