Africa: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Africa

The African market for railway or tramway track construction material of iron or steel skyrocketed to $X in 2021, jumping by 36% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some 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.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Africa

In value terms, production of railway or tramway track construction material of iron or steel expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 42%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports in Africa

In 2021, the amount of railway or tramway track construction material of iron or steel exported in Africa soared to X tons, growing by 80% on 2020. Over the period under review, exports, however, saw a abrupt slump. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa dominates steel structure, finishing at X tons, which was near 90% of total exports in 2021. Mozambique (X tons) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of -9.7% from 2012 to 2021. At the same time, Mozambique (+21.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +21.1% from 2012-2021. While the share of Mozambique (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-5.8 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest iron and steel railway construction materials supplier in Africa, comprising 92% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -5.9%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, reducing by -13.6% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for railway or tramway track construction material of iron or steel increased by +137.2% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 72%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+9.0%).

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports in Africa

In 2021, the amount of railway or tramway track construction material of iron or steel imported in Africa surged to X tons, with an increase of 133% compared with 2020 figures. Overall, imports continue to indicate modest growth. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. In general, imports, however, showed a deep downturn. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mauritius was the main importing country with an import of around X tons, which reached 44% of total imports. South Africa (X tons) took the second position in the ranking, followed by Egypt (X tons) and Mozambique (X tons). All these countries together took near 32% share of total imports. The following importers - Kenya (X tons), Morocco (X tons), Sudan (X tons), Angola (X tons) and Mauritania (X tons) - together made up 14% of total imports.

Mauritius was also the fastest-growing in terms of the railway or tramway track construction material of iron or steel imports, with a CAGR of +128.0% from 2012 to 2021. At the same time, Egypt (+32.3%), Mozambique (+24.5%), Mauritania (+24.0%) and Morocco (+6.2%) displayed positive paces of growth. By contrast, Kenya (-3.1%), Sudan (-7.2%), South Africa (-8.8%) and Angola (-13.4%) illustrated a downward trend over the same period. Mauritius (+44 p.p.), Egypt (+10 p.p.) and Mozambique (+7 p.p.) significantly strengthened its position in terms of the total imports, while Kenya, Sudan, Angola and South Africa saw its share reduced by -2.1%, -3.1%, -5.7% and -20.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X), South Africa ($X) and Mozambique ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports. Kenya, Morocco, Mauritania, Sudan, Angola and Mauritius lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Mauritius, with a CAGR of +40.2%, recorded 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 in Africa stood at $X per ton in 2021, reducing by -35.4% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 Egypt ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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