Africa: Winding Wire Market 2025

Winding Wire Market Size in Africa

The African winding wire market skyrocketed to $X in 2022, increasing by 20% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Winding Wire Production in Africa

In value terms, winding wire production stood at $X in 2022 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Winding Wire Exports

Exports in Africa

Winding wire exports fell significantly to X tons in 2022, reducing by -27.6% on 2021. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, winding wire exports fell notably to $X in 2022. Over the period under review, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 17%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) and South Africa (X tons) dominates exports structure, together creating 74% of total exports. It was distantly followed by Tanzania (X tons), creating a 10% share of total exports. Rwanda (X tons), Zambia (X tons) and Kenya (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of +59.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Tanzania ($X) were the countries with the highest levels of exports in 2022, with a combined 91% share of total exports. Kenya, Zambia and Rwanda lagged somewhat behind, together accounting for a further 5.5%.

Zambia, with a CAGR of +54.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, falling by -31.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 51%. The level of export peaked at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.7%), while the other leaders experienced more modest paces of growth.

Winding Wire Imports

Imports in Africa

In 2022, purchases abroad of winding wire for electrical purposes increased by 118% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, winding wire imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X tons) represented the key importer of winding wire for electrical purposes, constituting 43% of total imports. It was distantly followed by Nigeria (X tons), Tunisia (X tons) and Kenya (X tons), together making up a 17% share of total imports. Algeria (X tons), Mozambique (X tons), Egypt (X tons), Libya (X tons), Cameroon (X tons), Angola (X tons), Morocco (X tons), South Africa (X tons) and Ghana (X tons) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the winding wire for electrical purposes imports, with a CAGR of +90.8% from 2012 to 2022. At the same time, Cameroon (+48.3%), Nigeria (+16.1%), Algeria (+8.7%), Ghana (+6.1%), South Africa (+6.0%), Morocco (+5.4%), Tunisia (+3.6%) and Mozambique (+3.5%) displayed positive paces of growth. Kenya experienced a relatively flat trend pattern. By contrast, Libya (-3.9%), Egypt (-5.0%) and Angola (-7.8%) illustrated a downward trend over the same period. While the share of Senegal (+42 p.p.), Nigeria (+4.1 p.p.) and Cameroon (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (-1.9 p.p.), Kenya (-4.3 p.p.), Libya (-5.1 p.p.), Egypt (-6.3 p.p.) and Angola (-8.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X), Egypt ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined 35% share of total imports. Algeria, Morocco, Kenya, Libya, South Africa, Angola, Cameroon, Senegal, Ghana and Mozambique lagged somewhat behind, together accounting for a further 42%.

Cameroon, with a CAGR of +46.3%, 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 2022, the import price in Africa amounted to $X per ton, waning by -43.4% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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