Africa: Metal Washer Market 2024

Metal Washer Market Size in Africa

The African metal washer market rose remarkably to $X in 2021, picking up by 7.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Metal Washer Production in Africa

In value terms, metal washer production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Metal Washer Exports

Exports in Africa

Metal washer exports soared to X tons in 2021, increasing by 60% against 2020. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal washer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, South Africa (X tons) was the key exporter of iron or steel washers in Africa, constituting 97% of total export.

South Africa was also the fastest-growing in terms of the iron or steel washers exports, with a CAGR of +3.6% from 2012 to 2021. From 2012 to 2021, the share of South Africa increased by +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal washer supplier in Africa.

In South Africa, metal washer exports increased at an average annual rate of +1.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, shrinking by -13.2% against the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by 13% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -1.9% per year.

Metal Washer Imports

Imports in Africa

In 2021, metal washer imports in Africa rose modestly to X tons, with an increase of 1.8% on 2020 figures. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 44%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, metal washer imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 29%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X tons) was the key importer of iron or steel washers, committing 28% of total imports. Tanzania (X tons) held the second position in the ranking, followed by Kenya (X tons), Egypt (X tons), Algeria (X tons), Ethiopia (X tons), Democratic Republic of the Congo (X tons) and Zambia (X tons). All these countries together took near 44% share of total imports. Tunisia (X tons), Morocco (X tons), Zimbabwe (X tons), Sudan (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal washer imports into South Africa stood at -1.1%. At the same time, Ethiopia (+34.0%), Democratic Republic of the Congo (+22.8%), Sudan (+15.0%), Kenya (+12.6%), Zimbabwe (+12.6%), Zambia (+11.2%), Morocco (+3.3%), Tanzania (+2.5%), Egypt (+2.4%), Tunisia (+2.1%) and Algeria (+1.1%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in Africa, with a CAGR of +34.0% from 2012-2021. By contrast, Ghana (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ethiopia, Kenya, Democratic Republic of the Congo, Zambia and Zimbabwe increased by +5.3, +4.1, +4, +2.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel washers in Africa, comprising 27% of total imports. The second position in the ranking was held by Tunisia ($X), with an 11% share of total imports. It was followed by Algeria, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled -1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Tunisia (+10.5% per year) and Algeria (+7.9% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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