Africa: Base Metal Clasp Market 2024

Base Metal Clasp Market Size in Africa

The African base metal clasp market was finally on the rise to reach $X in 2023, after two years of decline. Over the period under review, consumption continues to indicate a slight contraction. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Base Metal Clasp Production in Africa

In value terms, base metal clasp production expanded modestly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced 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 2023, production growth failed to regain momentum.

Base Metal Clasp Exports

Exports in Africa

In 2023, shipments abroad of articles such as clasps, frames with clasps, parts of base metal decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, base metal clasp exports declined to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) and Tunisia (X tons) were the key exporters of articles such as clasps, frames with clasps, parts of base metal in 2023, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by Morocco (X tons), achieving a X% share of total exports. Mauritius (X tons) and Tanzania (X tons) took a minor share of total exports.

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

In value terms, the largest base metal clasp supplying countries in Africa were Tunisia ($X), Morocco ($X) and South Africa ($X), together comprising X% of total exports. Mauritius and Tanzania lagged somewhat behind, together accounting for a further X%.

Tanzania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. Export price indicated a prominent 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. Based on 2023 figures, base metal clasp export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, 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.

Base Metal Clasp Imports

Imports in Africa

In 2023, supplies from abroad of articles such as clasps, frames with clasps, parts of base metal decreased by X% to X tons, falling for the third year in a row after five years of growth. Over the period under review, imports saw a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, base metal clasp imports fell to $X in 2023. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Morocco (X tons), distantly followed by South Africa (X tons), Egypt (X tons), Ethiopia (X tons), Tunisia (X tons) and Tanzania (X tons) were the main importers of articles such as clasps, frames with clasps, parts of base metal, together comprising X% of total imports. Kenya (X tons), Mozambique (X tons), Nigeria (X tons), Madagascar (X tons), Algeria (X tons), Cote d'Ivoire (X tons) and Botswana (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Tunisia ($X) and South Africa ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Egypt, Madagascar, Algeria, Ethiopia, Kenya, Mozambique, Nigeria, Cote d'Ivoire, Tanzania and Botswana lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mozambique, 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 2023, picking up by X% against the previous year. Over the period under review, the import price enjoyed a measured increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, 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 ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform