Africa: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Africa

In 2022, the African non-malleable cast iron articles market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Africa

In value terms, non-malleable cast iron articles production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports in Africa

In 2022, shipments abroad of articles of non-malleable cast iron increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2021 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 the immediate term.

Exports by Country

Tunisia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Egypt (X tons), creating a X% share of total exports. South Africa (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles exports from Tunisia stood at X%. At the same time, Egypt (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Egypt increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest non-malleable cast iron articles supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia totaled X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a modest expansion. The pace of growth was the most pronounced in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Non-Malleable Cast Iron

Imports in Africa

In 2022, the amount of articles of non-malleable cast iron imported in Africa expanded significantly to X tons, surging by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Morocco (X tons) and Algeria (X tons) were the key importers of articles of non-malleable cast iron in 2022, reaching approx. X% and X% of total imports, respectively. Tunisia (X tons) ranks next in terms of the total imports with an X% share, followed by South Africa (X%) and Burkina Faso (X%). Mali (X tons) and Angola (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Algeria ($X) and Tunisia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Africa, Mali, Angola and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of 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 import price in Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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 Mali ($X per ton), while Burkina Faso ($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 more modest paces of growth.

Source: IndexBox Platform

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