Africa: Non-Alloy Steel Ingot Market 2020

Non-Alloy Steel Ingot Market Size in Africa

The revenue of the non-alloy steel ingot market in Africa amounted to $X in 2017, going up by X% against the previous year. The non-alloy steel ingot consumption continues to indicate a modest increase. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. In that year, the non-alloy steel ingot market attained their peak level of $X. From 2014 to 2017, growth of the non-alloy steel ingot market stood at a somewhat lower level.

Non-Alloy Steel Ingot Production in Africa

In 2017, approx. X tons of ingots of non-alloy steel were produced in Africa; picking up by X% against the previous year. The non-alloy steel ingot production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when the output figure increased by X% against the previous year. In that year, the non-alloy steel ingot production reached their peak volume of X tons. From 2016 to 2017, growth of the non-alloy steel ingot production stood at a somewhat lower level.

Non-Alloy Steel Ingot Exports in Africa

In 2017, approx. X tons of ingots of non-alloy steel were exported in Africa; jumping by X% against the previous year. The non-alloy steel ingot exports continue to indicate a moderate decrease. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. The volume of exports peaked of X tons in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, non-alloy steel ingot exports totaled $X in 2017. The non-alloy steel ingot exports continue to indicate a slight downturn. The level of exports peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Non-Alloy Steel Ingot Exports by Country in Africa

In 2017, Egypt (X tons) and South Africa (X tons) were the largest exporters of ingots of non-alloy steel in the globe, together making up X% of total exports. Libya (X tons) held the second position in the ranking, followed by Angola (X tons). All these countries together took approx. X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

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

In value terms, Egypt ($X) emerged as the largest non-alloy steel ingot supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by Angola, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Egypt amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-X% per year) and Angola (+X% per year).

Non-Alloy Steel Ingot Export Prices by Country in Africa

The non-alloy steel ingot export price in Africa stood at $X per ton in 2017, surging by X% against the previous year. The non-alloy steel ingot export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Tanzania ($X per ton), while Libya ($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 Angola (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Non-Alloy Steel Ingot Imports in Africa

In 2017, the amount of ingots of non-alloy steel imported in Africa totaled X tons, growing by X% against the previous year. The total imports indicated a measured increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the non-alloy steel ingot imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2012, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, non-alloy steel ingot imports totaled $X in 2017. The total imports indicated a mild increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the non-alloy steel ingot imports decreased by -X% against 2013 indices. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Non-Alloy Steel Ingot Imports by Country in Africa

Egypt was the largest importer of ingots of non-alloy steel in Africa, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2017. Morocco (X tons) held the second position in the ranking, followed by Tunisia (X tons). All these countries together held approx. X% share of total imports. The following importers - Algeria (X tons), Sudan (X tons), Kenya (X tons) and Ethiopia (X tons) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to non-alloy steel ingot imports into Egypt stood at +X%. At the same time, Sudan (+X%), Kenya (+X%) and Ethiopia (+X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (-X%) and Morocco (-X%) illustrated a downward trend over the same period. Morocco (X%) significantly strengthened its position in terms of the global imports, while Sudan and Egypt saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported ingots of non-alloy steel in Africa, making up X% of global imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of global imports. It was followed by Tunisia, with a X% share.

In Egypt, non-alloy steel ingot imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Morocco (-X% per year) and Tunisia (-X% per year).

Non-Alloy Steel Ingot Import Prices by Country in Africa

The non-alloy steel ingot import price in Africa stood at $X per ton in 2017, picking up by X% against the previous year. The non-alloy steel ingot import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% y-o-y. In that year, the import prices for ingots of non-alloy steel reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for ingots of non-alloy steel failed to regain its momentum.

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

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

Source: IndexBox Platform