Africa: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Africa

The African iron or steel leaf-spring market dropped to $X in 2022, with a decrease of -9.3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Africa

In value terms, iron or steel leaf-spring production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports in Africa

In 2022, exports of iron or steel leaf-springs and leaves in Africa skyrocketed to X tons, growing by 36% against the previous year. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports surged to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.2% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 55%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Tunisia dominates exports structure, finishing at X tons, which was near 95% of total exports in 2022. Kenya (X tons) followed a long way behind the leaders.

Exports from Tunisia increased at an average annual rate of +4.7% from 2012 to 2022. At the same time, Kenya (+4.9%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +4.9% from 2012-2022. While the share of Tunisia (+5.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest iron or steel leaf-spring supplier in Africa, comprising 96% of total exports. The second position in the ranking was held by Kenya ($X), with a 1.2% share of total exports.

In Tunisia, iron or steel leaf-spring exports increased at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.1%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Kenya stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-0.5%).

Imports of Iron or Steel Leaf-Springs and Leaves

Imports in Africa

In 2022, the amount of iron or steel leaf-springs and leaves imported in Africa shrank modestly to X tons, with a decrease of -2.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, iron or steel leaf-spring imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Ethiopia (X tons), Algeria (X tons), Tanzania (X tons), Sudan (X tons), Kenya (X tons), Ghana (X tons) and Nigeria (X tons) were the key importers of iron or steel leaf-springs and leaves, together creating 68% of total imports. Somalia (X tons), Libya (X tons), Guinea (X tons), Democratic Republic of the Congo (X tons) and Cameroon (X tons) took a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, Democratic Republic of the Congo (+39.4%), Guinea (+16.5%), Cameroon (+15.8%), Tanzania (+12.6%), Somalia (+10.5%), Ghana (+7.7%), Algeria (+6.4%), Kenya (+2.6%), Ethiopia (+1.8%) and Nigeria (+1.6%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +39.4% from 2012-2022. By contrast, Libya (-3.7%) and Sudan (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania, Algeria, Ghana, Democratic Republic of the Congo, Somalia, Guinea and Cameroon increased by +3.9, +2.5, +2.3, +2.2, +2, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Africa, comprising 28% of total imports. The second position in the ranking was held by Algeria ($X), with an 11% share of total imports. It was followed by Ethiopia, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +2.2%. In the other countries, the average annual rates were as follows: Algeria (+8.3% per year) and Ethiopia (+0.8% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, declining by -5.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 15% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Kenya (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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