Africa: Market for Iron or Steel Flat Spiral or Discs Springs 2025

Market Size for Iron or Steel Flat Spiral or Discs Springs in Africa

In 2021, the African market for iron or steel flat spiral or discs springs was finally on the rise to reach $X after seven years of decline. Overall, consumption, however, recorded a slight setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Iron or Steel Flat Spiral or Discs Springs in Africa

In value terms, metal spiral or discs spring production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in Africa

In 2021, shipments abroad of iron or steel flat spiral or discs springs decreased by -15.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 50%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports fell to $X in 2021. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2017 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, finishing at X tons, which was near 88% of total exports in 2021. Tunisia (X tons), Kenya (X tons) and Egypt (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -6.6% from 2012 to 2021. At the same time, Egypt (+30.8%) and Kenya (+7.9%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of +30.8% from 2012-2021. By contrast, Tunisia (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt and Kenya increased by +2.4 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal spiral or discs spring supplier in Africa, comprising 81% of total exports. The second position in the ranking was taken by Egypt ($X), with a 6.8% share of total exports. It was followed by Tunisia, with a 4.2% share.

In South Africa, metal spiral or discs spring exports declined by an average annual rate of -3.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+37.1% per year) and Tunisia (-1.6% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, increasing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2019 an increase of 30% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in Africa

In 2021, after three years of decline, there was significant growth in purchases abroad of iron or steel flat spiral or discs springs, when their volume increased by 30% to X tons. Overall, imports, however, recorded a mild contraction. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal spiral or discs spring imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the major importer of iron or steel flat spiral or discs springs in Africa, with the volume of imports recording X tons, which was approx. 28% of total imports in 2021. Morocco (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Kenya (8.8%), Tunisia (6.9%) and Ghana (5.9%). Angola (X tons), Egypt (X tons), Senegal (X tons), Algeria (X tons), Mali (X tons), Mozambique (X tons), Libya (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, Mali (+59.0%), Libya (+15.3%), Ghana (+12.1%), Kenya (+11.3%), Senegal (+11.0%), Angola (+7.8%), Morocco (+6.7%), Tunisia (+5.3%) and Mozambique (+1.2%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Africa, with a CAGR of +59.0% from 2012-2021. By contrast, Zimbabwe (-2.3%), Algeria (-10.6%) and Egypt (-20.4%) illustrated a downward trend over the same period. Morocco (+5.9 p.p.), Kenya (+5.8 p.p.), South Africa (+5.6 p.p.), Ghana (+4 p.p.), Tunisia (+3 p.p.), Angola (+2.2 p.p.), Mali (+2.2 p.p.), Senegal (+1.6 p.p.) and Libya (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Algeria and Egypt saw its share reduced by -3.6% and -22.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in Africa, comprising 24% of total imports. The second position in the ranking was held by Morocco ($X), with a 12% share of total imports. It was followed by Tunisia, with a 12% share.

In South Africa, metal spiral or discs spring imports decreased by an average annual rate of -1.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+3.7% per year) and Tunisia (+10.3% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, reducing by -5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the import price increased by 12% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+20.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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