Africa: Market for Welded Link Chain Of Iron Or Steel 2025

Market Size for Welded Link Chain Of Iron Or Steel in Africa

The African metal welded link chain market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in Africa

In value terms, metal welded link chain production rose modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 14%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Welded Link Chain Of Iron Or Steel

Exports in Africa

In 2021, the amount of welded link chain of iron or steel exported in Africa contracted to X tons, waning by -14.7% against the previous year. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, metal welded link chain exports soared to $X in 2021. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 62%. 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

The biggest shipments were from South Africa (X tons), together accounting for 97% of total export.

South Africa was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of -9.6% from 2012 to 2021. While the share of South Africa (+4.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal welded link chain supplier in Africa.

In South Africa, metal welded link chain exports contracted by an average annual rate of -9.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, picking up by 41% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +0.2% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports in Africa

In 2021, overseas purchases of welded link chain of iron or steel increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal welded link chain imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Africa (X tons) was the major importer of welded link chain of iron or steel, generating 30% of total imports. Nigeria (X tons) ranks second in terms of the total imports with an 8.1% share, followed by Senegal (7.7%), Tunisia (6.6%), Morocco (5.2%) and Egypt (4.9%). Algeria (X tons), Ghana (X tons), Kenya (X tons), Mozambique (X tons), Zambia (X tons), Angola (X tons) and Swaziland (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -7.7% from 2012 to 2021. At the same time, Senegal (+62.9%), Swaziland (+60.8%), Mozambique (+30.3%), Nigeria (+26.7%), Ghana (+19.4%), Zambia (+15.0%) and Algeria (+4.6%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of +62.9% from 2012-2021. Morocco and Tunisia experienced a relatively flat trend pattern. By contrast, Egypt (-5.5%), Kenya (-6.8%) and Angola (-20.8%) illustrated a downward trend over the same period. While the share of Senegal (+7.6 p.p.), Nigeria (+7.4 p.p.), Mozambique (+2.8 p.p.), Ghana (+2.7 p.p.), Zambia (+2.2 p.p.), Algeria (+2 p.p.), Swaziland (+2 p.p.), Tunisia (+1.7 p.p.) and Morocco (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Angola (-11.2 p.p.) and South Africa (-15.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X) constitutes the largest market for imported welded link chain of iron or steel in Africa, comprising 61% of total imports. The second position in the ranking was held by South Africa ($X), with an 11% share of total imports. It was followed by Nigeria, with a 3.1% share.

In Mozambique, metal welded link chain imports increased at an average annual rate of +94.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (-9.2% per year) and Nigeria (+23.2% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, picking up by 168% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mozambique ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+49.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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