Africa: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Africa

In 2020, the African market for iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Africa

In value terms, iron, steel or aluminium reservoir production rose sharply to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in years to come.

Production By Country in Africa

Madagascar (X tons) remains the largest iron, steel or aluminium reservoir producing country in Africa, accounting for X% of total volume. Moreover, iron, steel or aluminium reservoir production in Madagascar exceeded the figures recorded by the second-largest producer, Tunisia (X tons), twofold. Zimbabwe (X tons) ranked third in terms of total production with a X% share.

In Madagascar, iron, steel or aluminium reservoir production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Tunisia (-X% per year) and Zimbabwe (+X% per year).

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports in Africa

In 2020, the amount of iron, steel or aluminium reservoirs, tanks, vats and similar containers exported in Africa fell to X tons, waning by -X% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports fell modestly to $X in 2020. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of iron, steel or aluminium reservoirs, tanks, vats and similar containers in Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2020. Tunisia (X tons) ranks second in terms of the total exports with a X% share, followed by Kenya (X%) and Egypt (X%). Madagascar (X tons), Morocco (X tons), Ethiopia (X tons), Senegal (X tons), Mauritius (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2020. At the same time, Saint Helena, Ascension and Tristan da Cunha (+X%), Madagascar (+X%), Morocco (+X%), Ethiopia (+X%) and Kenya (+X%) displayed positive paces of growth. Moreover, Saint Helena, Ascension and Tristan da Cunha emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Egypt (-X%), Tunisia (-X%), Mauritius (-X%) and Senegal (-X%) illustrated a downward trend over the same period. While the share of South Africa (+X p.p.), Kenya (+X p.p.), Madagascar (+X p.p.), Saint Helena, Ascension and Tristan da Cunha (+X p.p.) and Morocco (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Mauritius (-X p.p.), Senegal (-X p.p.), Egypt (-X p.p.) and Tunisia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest iron, steel or aluminium reservoir supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Tunisia ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2007 to 2020, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Tunisia (-X% per year) and Egypt (-X% per year).

Export Prices by Country

In 2020, the export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Morocco ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kenya, while the other leaders experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports in Africa

In 2020, supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers increased by X% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The volume of import peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports dropped slightly to $X in 2020. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Nigeria (X tons), distantly followed by South Africa (X tons), Tanzania (X tons), Cote d'Ivoire (X tons) and Egypt (X tons) represented the largest importers of iron, steel or aluminium reservoirs, tanks, vats and similar containers, together committing X% of total imports. The following importers - Algeria (X tons), Ghana (X tons), Morocco (X tons), Cameroon (X tons), Sudan (X tons), Senegal (X tons), Democratic Republic of the Congo (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

From 2007 to 2020, the biggest increases were in Tanzania, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir importing markets in Africa were Nigeria ($X), Egypt ($X) and South Africa ($X), with a combined X% share of total imports. Morocco, Algeria, Cote d'Ivoire, Tanzania, Ghana, Democratic Republic of the Congo, Senegal, Cameroon, Zimbabwe and Sudan lagged somewhat behind, together comprising a further X terms of the main importing countries, Tanzania saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers in Africa stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2009 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2010 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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