Africa: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Africa

In 2022, the African aluminium and titanium market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a abrupt curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Aluminium And Titanium Production in Africa

In value terms, aluminium and titanium production declined modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Aluminium And Titanium Exports

Exports in Africa

In 2022, the amount of aluminium and titanium exported in Africa surged to X tons, growing by X% compared with 2021 figures. Overall, exports posted significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, aluminium and titanium exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Mozambique prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X tons), making up a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

Mozambique was also the fastest-growing in terms of the aluminium and titanium exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) and South Africa (X%) displayed positive paces of growth. While the share of Mozambique (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, the largest aluminium and titanium supplying countries in Africa were Mozambique ($X), South Africa ($X) and Nigeria ($X), with a combined X% share of total exports.

Among the main exporting countries, Mozambique, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 a decrease of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique ($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 (X%), while the other leaders experienced a decline in the export price figures.

Aluminium And Titanium Imports

Imports in Africa

In 2022, the amount of aluminium and titanium imported in Africa totaled X tons, picking up by X% compared with the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, aluminium and titanium imports skyrocketed to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Morocco represented the largest importing country with an import of around X tons, which reached X% of total imports. South Africa (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%), Tunisia (X%), Algeria (X%) and Egypt (X%). Kenya (X tons) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the aluminium and titanium imports, with a CAGR of X% from 2012 to 2022. At the same time, Algeria (X%), Nigeria (X%), Egypt (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Kenya (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Nigeria (X p.p.), Algeria (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kenya (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Tunisia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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