Africa: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2025

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Africa

After three years of growth, the African market for ribbed or other deformed wire rod of non-alloy steel decreased by -3.7% to $X in 2021. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Africa

In value terms, deformed non-alloy steel wire rod production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 21%. The level of production peaked at $X in 2020, and then declined slightly in the following year.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Africa

In 2021, overseas shipments of ribbed or other deformed wire rod of non-alloy steel increased by 205% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Algeria was the key exporting country with an export of around X tons, which recorded 66% of total exports. South Africa (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Kenya (7.2%). Egypt (X tons) followed a long way behind the leaders.

Algeria experienced a relatively flat trend pattern with regard to volume of exports of ribbed or other deformed wire rod of non-alloy steel. At the same time, Kenya (+32.0%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +32.0% from 2012-2021. By contrast, South Africa (-2.1%) and Egypt (-43.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Algeria, South Africa and Kenya increased by +66, +18 and +7.1 percentage points, respectively.

In value terms, Algeria ($X) emerged as the largest deformed non-alloy steel wire rod supplier in Africa, comprising 67% of total exports. The second position in the ranking was held by South Africa ($X), with a 22% share of total exports. It was followed by Kenya, with a 7.5% share.

In Algeria, deformed non-alloy steel wire rod exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (-3.5% per year) and Kenya (+29.3% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, jumping by 38% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Kenya ($X per ton) and Algeria ($X per ton), while South Africa ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Africa

Deformed non-alloy steel wire rod imports fell slightly to X tons in 2021, approximately mirroring the previous year. In general, imports continue to indicate a mild reduction. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports skyrocketed to $X in 2021. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Morocco (X tons), distantly followed by Mauritius (X tons), Guinea (X tons), Ethiopia (X tons) and Tanzania (X tons) were the largest importers of ribbed or other deformed wire rod of non-alloy steel, together committing 63% of total imports. Congo (X tons), Algeria (X tons), Egypt (X tons), Mayotte (X tons), Botswana (X tons), Senegal (X tons), Zambia (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Mauritius ($X) and Guinea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. These countries were followed by Tanzania, Mayotte, Botswana, Ethiopia, Egypt, Algeria, Senegal, Zambia, Cote d'Ivoire and Congo, which together accounted for a further 36%.

Cote d'Ivoire, with a CAGR of +43.6%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Africa amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 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 Botswana ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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