Africa: Steatite Market 2021

Steatite Market Size in Africa

After four years of decline, the African steatite market increased by X% to $X in 2019. The total consumption indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Steatite Production in Africa

In value terms, steatite production rose to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the near future.

Production By Country in Africa

Egypt (X tons) remains the largest steatite producing country in Africa, comprising approx. X% of total volume. Moreover, steatite production in Egypt exceeded the figures recorded by the second-largest producer, Zambia (X tons), sixfold.

From 2007 to 2019, the average annual growth rate of volume in Egypt totaled +X%.

Steatite Exports

Exports in Africa

In 2019, shipments abroad of steatites decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, steatite exports declined notably to $X in 2019. In general, exports showed a noticeable slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports failed to regain the momentum.

Exports by Country

Egypt was the key exporter of steatites in Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2019. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Zambia (X%). South Africa (X tons) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to steatite exports from Egypt stood at -X%. At the same time, South Africa (+X%) and Nigeria (+X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. By contrast, Zambia (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Egypt, Nigeria and South Africa increased by +X%, +X% and +X% percentage points, while Zambia (-X p.p.) saw their share reduced.

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

In Egypt, steatite exports shrank by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and Nigeria (-X% per year).

Export Prices by Country

The steatite export price in Africa stood at $X per ton in 2019, remaining stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was South Africa ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced more modest paces of growth.

Steatite Imports

Imports in Africa

In 2019, steatite imports in Africa soared to X tons, with an increase of X% on 2018. Total imports indicated temperate growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, steatite imports skyrocketed to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria (X tons) and South Africa (X tons) represented roughly X% of total imports of steatites in 2019. Egypt (X tons) ranks next in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%), Morocco (X%) and Tunisia (X%). Mozambique (X tons), Kenya (X tons), Ghana (X tons), Algeria (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Mozambique, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Morocco ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2019, together accounting for X% of total imports. These countries were followed by Egypt, Cote d'Ivoire, Tunisia, Algeria, Ghana, Democratic Republic of the Congo, Tanzania, Kenya and Mozambique, which together accounted for a further X terms of the main importing countries, Mozambique 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 steatite import price in Africa stood at $X per ton in 2019, reducing by -X% against the previous year. In general, the import price saw a mild decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Morocco ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Tanzania, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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