Africa: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Africa

After three years of growth, the African iron and steel wire market decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2019, and then contracted in the following year.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Africa

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2019, and then contracted in the following year.

Production By Country in Africa

The countries with the highest volumes of iron and steel wire production in 2020 were South Africa (X tons), Uganda (X tons) and Cote d'Ivoire (X tons), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of iron and steel wire production, amongst the main producing countries, was attained by Uganda, while iron and steel wire production for the other leaders experienced more modest paces of growth.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports in Africa

In 2020, after two years of growth, there was significant decline in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X tons. Over the period under review, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, iron and steel wire exports declined remarkably to $X in 2020. In general, exports showed a pronounced slump. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Africa prevails in iron and steel wire exports structure, amounting to X tons, which was approx. X% of total exports in 2020. Egypt (X tons) occupied the second position in the ranking, followed by Tunisia (X tons) and Uganda (X tons). All these countries together took approx. X% share of total exports. Togo (X tons), Benin (X tons), Algeria (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to iron and steel wire exports from South Africa stood at -X%. At the same time, Algeria (+X%), Uganda (+X%), Benin (+X%) and Togo (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Cote d'Ivoire (-X%), Tunisia (-X%) and Egypt (-X%) illustrated a downward trend over the same period. Uganda (+X p.p.), Benin (+X p.p.), Togo (+X p.p.) and Algeria (+X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia, Egypt and South Africa saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, iron and steel wire exports shrank by 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 Tunisia (-X% per year).

Export Prices by Country

The iron and steel wire export price in Africa stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 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 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Egypt ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports in Africa

After two years of growth, overseas purchases of wire of iron or non-alloy steel (stainless steel or other alloy steel) decreased by -X% to X tons in 2020. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2019, and then fell markedly in the following year.

In value terms, iron and steel wire imports dropped to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. The level of import peaked at $X in 2019, and then shrank in the following year.

Imports by Country

In 2020, Morocco (X tons), followed by Kenya (X tons), South Africa (X tons), Ghana (X tons) and Egypt (X tons) were the key importers of wire of iron or non-alloy steel (stainless steel or other alloy steel), together constituting X% of total imports. Zimbabwe (X tons), Algeria (X tons), Cote d'Ivoire (X tons), Tunisia (X tons), Ethiopia (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons) and Somalia (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Zimbabwe, while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Ghana ($X) and South Africa ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Among the main importing countries, Ghana recorded the highest rates of growth with regard to 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 iron and steel wire import price in Africa stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Ghana ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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