Africa: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Africa

The African market for hot-rolled wire rod in coil of stainless steel surged to $X in 2022, picking up by 24% against the previous year. In general, consumption, however, showed a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Africa

In value terms, hot-rolled wire stainless steel rod production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Africa

In 2022, the amount of hot-rolled wire rod in coil of stainless steel exported in Africa dropped notably to X tons, shrinking by -46.7% compared with 2021 figures. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 29%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled wire stainless steel rod exports reduced rapidly to $X in 2022. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 54% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Tanzania (X tons) and South Africa (X tons) represented the major exporters of hot-rolled wire rod in coil of stainless steel in Africa, together amounting to near 57% of total exports. Senegal (X tons) took the next position in the ranking, followed by Tunisia (X tons), Kenya (X tons) and Uganda (X tons). All these countries together held near 39% share of total exports. Zambia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Tanzania (with a CAGR of +56.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest hot-rolled wire stainless steel rod supplying countries in Africa were Tunisia ($X), South Africa ($X) and Tanzania ($X), together accounting for 88% of total exports.

In terms of the main exporting countries, Tanzania, with a CAGR of +49.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, rising by 12% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod export price decreased by -6.4% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 72% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+8.0%), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Africa

In 2022, the amount of hot-rolled wire rod in coil of stainless steel imported in Africa surged to X tons, jumping by 20% against the year before. In general, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 35%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports surged to $X in 2022. Overall, imports, however, recorded a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X tons) and Nigeria (X tons) represented roughly 68% of total imports in 2022. It was distantly followed by Namibia (X tons), Gambia (X tons) and Uganda (X tons), together committing an 18% share of total imports. Botswana (X tons) and Ethiopia (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +42.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Africa, comprising 75% of total imports. The second position in the ranking was held by Nigeria ($X), with a 5.4% share of total imports. It was followed by Namibia, with a 2.9% share.

In South Africa, hot-rolled wire stainless steel rod imports shrank by an average annual rate of -3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+22.8% per year) and Namibia (+26.8% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of 7.8% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod import price increased by +72.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 60%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Nigeria ($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 (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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