Africa: Market for Hot-Rolled Bearing Steel Wire Rod 2019

Market Size for Hot-Rolled Wire Rod Of Bearing Steel in Africa

The revenue of the hot-rolled bearing steel wire rod market in Africa amounted to $X in 2017, going down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The consumption of hot-rolled wire rod of bearing steel continues to indicate a prominent increase. The growth pace was the most rapid in 2013, with an increase of X% against the previous year. Over the period under review, the market for hot-rolled bearing steel wire rod reached its maximum level of $X in 2016, and then declined slightly in the following year.

Exports of Hot-Rolled Wire Rod Of Bearing Steel in Africa

In 2017, the amount of hot-rolled wire rod of bearing steel exported in Africa stood at X tons, rising by X% against the previous year. The exports of hot-rolled wire rod of bearing steel continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, with an increase of X% year-to-year. In that year, the exports of hot-rolled wire rod of bearing steel attained their peak volume of X tons. From 2016 to 2017, growth of the exports of hot-rolled wire rod of bearing steel failed to regain its momentum.

In value terms, exports of hot-rolled wire rod of bearing steel totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked in 2017, and are expected to retain its growth in the near future.

Exports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Africa

South Africa (X tons) and Egypt (X tons) were the largest exporters of hot-rolled wire rod of bearing steel in 2017, accounting for near X% and X% of total exports, respectively. Cote d'Ivoire (X tons) occupied the second position in the ranking, distantly followed by Uganda (X tons). All these countries together took near X% share of total exports. Tanzania (X tons) took the weak share of total exports.

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

In value terms, South Africa ($X), Egypt ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

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

Export Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Africa

In 2017, the export price for hot-rolled wire rod of bearing steel in Africa amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017, when it surged by X% year-to-year. In that year, the export prices for hot-rolled wire rod of bearing steel reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Uganda ($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 Tanzania (+X% per year), while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod Of Bearing Steel in Africa

In 2017, imports of hot-rolled wire rod of bearing steel in Africa totaled X tons, jumping by X% against the previous year. The imports of hot-rolled wire rod of bearing steel continue to indicate a prominent expansion. The growth pace was the most rapid in 2013, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, imports of hot-rolled wire rod of bearing steel amounted to $X in 2017. The imports of hot-rolled wire rod of bearing steel continue to indicate a remarkable increase. Over the period under review, the imports of hot-rolled wire rod of bearing steel attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Imports of Hot-Rolled Wire Rod Of Bearing Steel by Country in Africa

In 2017, Tanzania (X tons), distantly followed by Ghana (X tons), Tunisia (X tons), Kenya (X tons), Cote d'Ivoire (X tons), Benin (X tons), Algeria (X tons), Cameroon (X tons) and Togo (X tons) represented the key importers of hot-rolled wire rod of bearing steel, together generating 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 Tunisia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Cameroon, Benin, Tunisia, Algeria, Tanzania and Togo, which together accounted for a further X%.

Tunisia (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices for Hot-Rolled Wire Rod Of Bearing Steel by Country in Africa

The import price for hot-rolled wire rod of bearing steel in Africa stood at $X per ton in 2017, dropping by -X% against the previous year. The import price for hot-rolled wire rod of bearing steel continues to indicate a drastic drop. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Kenya ($X per ton), while Tanzania ($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 Algeria (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform