Africa: Coated Arc-Welding Electrode Market 2023

Coated Arc-Welding Electrode Market Size in Africa

The African coated arc-welding electrode market rose significantly to $X in 2021, picking up by 6.4% against the previous year. Overall, consumption recorded a perceptible decrease. The growth pace was the most rapid in 2018 when the market value increased by 6.5%. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Coated Arc-Welding Electrode Production in Africa

In value terms, coated arc-welding electrode production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep slump. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Coated Arc-Welding Electrode Exports

Exports in Africa

In 2021, the amount of coated base metal electrodes for electric arc-welding exported in Africa fell modestly to X tons, reducing by -2% against the year before. In general, exports saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, coated arc-welding electrode exports rose markedly to $X in 2021. Over the period under review, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa represented the main exporting country with an export of about X tons, which recorded 66% of total exports. It was distantly followed by Egypt (X tons), generating a 10% share of total exports. Cote d'Ivoire (X tons), Rwanda (X tons), Morocco (X tons), Kenya (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coated arc-welding electrode exports from South Africa stood at +1.4%. At the same time, Rwanda (+78.3%) and Egypt (+22.7%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of +78.3% from 2012-2021. By contrast, Cote d'Ivoire (-4.0%), Kenya (-4.7%), Morocco (-17.7%) and Tunisia (-19.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Egypt and Rwanda increased by +15, +8.9 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest coated arc-welding electrode supplier in Africa, comprising 80% of total exports. The second position in the ranking was taken by Egypt ($X), with a 4.4% share of total exports. It was followed by Cote d'Ivoire, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Egypt (+16.2% per year) and Cote d'Ivoire (+5.6% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, rising by 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Africa ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Rwanda (+12.4%), while the other leaders experienced mixed trends in the export price figures.

Coated Arc-Welding Electrode Imports

Imports in Africa

In 2021, after three years of growth, there was significant decline in overseas purchases of coated base metal electrodes for electric arc-welding, when their volume decreased by -11.9% to X tons. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, coated arc-welding electrode imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 17%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Ghana (X tons), followed by Sudan (X tons), Ethiopia (X tons), Tanzania (X tons) and Kenya (X tons) were the major importers of coated base metal electrodes for electric arc-welding, together creating 36% of total imports. The following importers - Democratic Republic of the Congo (X tons), South Africa (X tons), Morocco (X tons), Algeria (X tons), Guinea (X tons), Cameroon (X tons), Nigeria (X tons) and Mali (X tons) - together made up 28% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coated arc-welding electrode importing markets in Africa were Ghana ($X), Algeria ($X) and Cameroon ($X), with a combined 22% share of total imports. These countries were followed by South Africa, Ethiopia, Morocco, Tanzania, Democratic Republic of the Congo, Kenya, Sudan, Guinea, Nigeria and Mali, which together accounted for a further 38%.

Among the main importing countries, Guinea, with a CAGR of +20.3%, 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 2021, picking up by 25% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cameroon ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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