Africa: Hot-Rolled Tool Steel Bar Market 2020

Hot-Rolled Tool Steel Bar Market Size in Africa

The revenue of the hot-rolled tool steel bar market in Africa amounted to $X in 2017, growing by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. In that year, the hot-rolled tool steel bar market attained their peak level, and is likely to continue its growth in the immediate term.

Hot-Rolled Tool Steel Bar Production in Africa

In 2017, the amount of hot-rolled bars in tool steels produced in Africa totaled X tons, picking up by X% against the previous year. The hot-rolled tool steel bar production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The volume of hot-rolled tool steel bar production peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Hot-Rolled Tool Steel Bar Exports in Africa

In 2017, hot-rolled tool steel bar exports in Africa amounted to X tons, going up by X% against the previous year. The hot-rolled tool steel bar exports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2017, when exports increased by X% y-o-y. The volume of exports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, hot-rolled tool steel bar exports totaled $X in 2017. The hot-rolled tool steel bar exports continue to indicate a strong expansion. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Hot-Rolled Tool Steel Bar Exports by Country in Africa

Egypt dominates hot-rolled tool steel bar exports structure, accounting for X tons, which was near X% of total exports in 2017. Kenya (X tons), Zambia (X tons), Angola (X tons), South Africa (X tons) and Central African Republic (X tons) occupied the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to hot-rolled tool steel bar exports from Egypt stood at +X%. At the same time, Angola (+X%), Kenya (+X%), Zambia (+X%), South Africa (+X%) and Central African Republic (+X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. While the share of Central African Republic (-X%), South Africa (-X%), Angola (-X%), Zambia (-X%), Kenya (-X%) and Egypt (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest hot-rolled tool steel bar supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Zambia ($X), with a X% share of global exports. It was followed by South Africa, with a X% share.

In Egypt, hot-rolled tool steel bar exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (+X% per year) and South Africa (+X% per year).

Hot-Rolled Tool Steel Bar Export Prices by Country in Africa

The hot-rolled tool steel bar export price in Africa stood at $X per ton in 2017, picking up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, an increase of X% y-o-y. The level of export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Africa ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Egypt (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Hot-Rolled Tool Steel Bar Imports in Africa

In 2017, imports of hot-rolled bars in tool steels in Africa totaled X tons, dropping by -X% against the previous year. The hot-rolled tool steel bar imports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2015, when it surged by X% y-o-y. In that year, the hot-rolled tool steel bar imports reached their peak volume of X tons. From 2016 to 2017, growth of the hot-rolled tool steel bar imports failed to regain its momentum.

In value terms, hot-rolled tool steel bar imports amounted to $X in 2017. The hot-rolled tool steel bar imports continue to indicate a drastic drop. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Hot-Rolled Tool Steel Bar Imports by Country in Africa

The countries with the highest levels of hot-rolled tool steel bar imports in 2017 were Ghana (X tons), Tanzania (X tons) and Tunisia (X tons), together resulting at X% of total import. It was distantly followed by Egypt (X tons), South Africa (X tons) and Kenya (X tons), together constituting X% share of total imports. Angola (X tons), Algeria (X tons), Morocco (X tons), Gabon (X tons) and Nigeria (X tons) followed a long way behind the leaders.

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

In value terms, the largest hot-rolled tool steel bar markets worldwide were Tunisia ($X), South Africa ($X) and Ghana ($X), together comprising X% of total imports. Tanzania, Egypt, Kenya, Angola, Morocco, Algeria, Nigeria and Gabon lagged somewhat behind, together accounting for a further X%.

Algeria (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced mixed trends in the imports figures.

Hot-Rolled Tool Steel Bar Import Prices by Country in Africa

The hot-rolled tool steel bar import price in Africa stood at $X per ton in 2017, increasing by X% against the previous year. The hot-rolled tool steel bar import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017, an increase of X% y-o-y. Over the period under review, the import prices for hot-rolled bars in tool steels attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was South Africa ($X per ton), while Ghana ($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 Egypt (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform