Africa: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Africa

In 2020, the African unwrought aluminium alloys market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Unwrought Aluminium Alloys Production in Africa

In value terms, unwrought aluminium alloys production shrank to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth failed to regain the momentum.

Production By Country in Africa

The country with the largest volume of unwrought aluminium alloys production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, unwrought aluminium alloys production in Nigeria exceeded the figures recorded by the second-largest producer, Egypt (X tons), twofold. The third position in this ranking was occupied by Democratic Republic of the Congo (X tons), with a X% share.

In Nigeria, unwrought aluminium alloys production increased 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: Egypt (+X% per year) and Democratic Republic of the Congo (+X% per year).

Unwrought Aluminium Alloys Exports

Exports in Africa

In 2020, shipments abroad of unwrought aluminium alloys increased by X% to X tons, rising for the fifth year in a row after two years of decline. Total exports indicated temperate growth 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, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, unwrought aluminium alloys exports rose slightly to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Nigeria (X tons), distantly followed by Egypt (X tons), Ghana (X tons) and South Africa (X tons) represented the key exporters of unwrought aluminium alloys, together achieving X% of total exports. The following exporters - Somalia (X tons), Liberia (X tons), Central African Republic (X tons), Chad (X tons), Equatorial Guinea (X tons), Eritrea (X tons), Mozambique (X tons) and Cameroon (X tons) - together made up X% of total exports.

From 2007 to 2020, the biggest increases were in Eritrea (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Egypt ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2020, with a combined X% share of total exports. Somalia, Eritrea, Central African Republic, Equatorial Guinea, Liberia, Chad, South Africa, Mozambique and Cameroon lagged somewhat behind, together accounting for a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The unwrought aluminium alloys export price in Africa stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Mozambique ($X per ton) and Somalia ($X per ton), while Nigeria ($X per ton) and Ghana ($X per ton) were amongst the lowest.

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

Unwrought Aluminium Alloys Imports

Imports in Africa

For the fifth consecutive year, Africa recorded growth in overseas purchases of unwrought aluminium alloys, which increased by X% to X tons in 2020. Over the period under review, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unwrought aluminium alloys imports skyrocketed to $X in 2020. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. The level of import peaked in 2020 and is likely to continue growth in the immediate term.

Imports by Country

Morocco represented the largest importer of unwrought aluminium alloys in Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2020. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by South Africa (X%) and Tunisia (X%). Uganda (X tons), Algeria (X tons), Kenya (X tons), Saint Helena, Ascension and Tristan da Cunha (X tons), Central African Republic (X tons), Chad (X tons), Equatorial Guinea (X tons), Somalia (X tons) and Eritrea (X tons) followed a long way behind the leaders.

Imports into Morocco increased at an average annual rate of +X% from 2007 to 2020. At the same time, Saint Helena, Ascension and Tristan da Cunha (+X%), Central African Republic (+X%), Eritrea (+X%), Equatorial Guinea (+X%), Chad (+X%), Tunisia (+X%), Uganda (+X%), Egypt (+X%), South Africa (+X%), Algeria (+X%) and Kenya (+X%) displayed positive paces of growth. Moreover, Saint Helena, Ascension and Tristan da Cunha emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2020. Somalia experienced a relatively flat trend pattern. While the share of Egypt (+X p.p.), Tunisia (+X p.p.), Uganda (+X p.p.), Eritrea (+X p.p.), Central African Republic (+X p.p.), Saint Helena, Ascension and Tristan da Cunha (+X p.p.), Somalia (+X p.p.), Equatorial Guinea (+X p.p.) and Chad (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Morocco (-X p.p.) and Kenya (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported unwrought aluminium alloys in Africa, comprising X% of total imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

In Morocco, unwrought aluminium alloys imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Egypt (+X% per year) and South Africa (+X% per year).

Import Prices by Country

In 2020, the unwrought aluminium alloys import price in Africa amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Kenya ($X per ton) and Chad ($X per ton), while South Africa ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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