Africa: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Africa

The African articles of zinc market declined modestly to $X in 2023, remaining constant against the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Articles Of Zinc Production in Africa

In value terms, articles of zinc production totaled $X in 2023 estimated in export price. The total production indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Articles Of Zinc Exports

Exports in Africa

In 2023, exports of articles of zinc in Africa skyrocketed to X tons, rising by X% against the previous year. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, articles of zinc exports expanded remarkably to $X in 2023. In general, exports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Tunisia (X tons) represented the key exporter of articles of zinc, generating X% of total exports. South Africa (X tons) held the second position in the ranking, followed by Kenya (X tons). All these countries together held approx. X% share of total exports. The following exporters - Morocco (X tons) and Namibia (X tons) - each resulted at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the largest articles of zinc supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2023, 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: Kenya (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, falling by X% against the previous year. Export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, articles of zinc export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then contracted in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Articles Of Zinc Imports

Imports in Africa

In 2023, overseas purchases of articles of zinc decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, articles of zinc imports expanded to $X in 2023. Overall, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Morocco (X tons), Sierra Leone (X tons), Congo (X tons), Tunisia (X tons), Senegal (X tons) and Chad (X tons) represented roughly X% of total imports in 2023. It was followed by Zambia (X tons), generating a X% share of total imports. Nigeria (X tons), Gabon (X tons), South Africa (X tons), Libya (X tons), Algeria (X tons) and Ethiopia (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Sierra Leone (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Tunisia ($X) and Chad ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. South Africa, Libya, Senegal, Algeria, Sierra Leone, Zambia, Congo, Ethiopia, Gabon and Nigeria lagged somewhat behind, together accounting for a further X%.

Sierra Leone, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. Import price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Africa ($X per ton), while Congo ($X per ton) was amongst the lowest.

From 2012 to 2023, 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