Africa: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Africa

In 2022, the African steel plaited band market increased by 38% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Steel Plaited Band Production in Africa

In value terms, steel plaited band production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports in Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel plaited bands and slings, when their volume decreased by -19.3% to X tons. Overall, exports saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel plaited band exports reduced to $X in 2022. In general, exports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near 77% of total exports in 2022. It was distantly followed by Kenya (X tons), generating a 5.4% share of total exports. The following exporters - Namibia (X tons), Tunisia (X tons), Angola (X tons) and Morocco (X tons) - together made up 9.3% of total exports.

Exports from South Africa decreased at an average annual rate of -4.5% from 2012 to 2022. At the same time, Morocco (+16.4%), Kenya (+12.5%) and Tunisia (+7.9%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +16.4% from 2012-2022. Namibia experienced a relatively flat trend pattern. By contrast, Angola (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kenya and Tunisia increased by +4.4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest steel plaited band supplier in Africa, comprising 80% of total exports. The second position in the ranking was held by Tunisia ($X), with a 4% share of total exports. It was followed by Kenya, with a 2.2% share.

In South Africa, steel plaited band exports decreased by an average annual rate of -3.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+7.9% per year) and Kenya (+7.9% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, jumping by 19% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

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 ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+16.0%), while the other leaders experienced mixed trends in the export price figures.

Steel Plaited Band Imports

Imports in Africa

In 2022, supplies from abroad of iron or steel plaited bands and slings increased by 50% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, steel plaited band imports totaled $X in 2022. Over the period under review, imports, however, saw a mild downturn. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kenya (X tons) and Benin (X tons) represented the key importers of iron or steel plaited bands and slings in Africa, together finishing at approx. 36% of total imports. Nigeria (X tons) ranks next in terms of the total imports with an 11% share, followed by Tanzania (6.7%), Mozambique (5.9%) and Morocco (4.7%). Egypt (X tons), Zimbabwe (X tons), Algeria (X tons), Senegal (X tons), Botswana (X tons), Angola (X tons) and Zambia (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +67.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Egypt ($X) and Kenya ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 31% of total imports. Mozambique, Tanzania, Morocco, Angola, Algeria, Benin, Zimbabwe, Senegal, Zambia and Botswana lagged somewhat behind, together accounting for a further 40%.

Benin, with a CAGR of +28.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, waning by -25.6% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2014 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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