Africa: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Africa

The African base metal flexible tubing market soared to $X in 2022, increasing by X% against the previous year. The total consumption indicated a temperate increase 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in Africa

In value terms, base metal flexible tubing production fell to $X in 2022 estimated in export price. The total production indicated a notable increase 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Africa

In 2022, approx. X tons of base metal flexible tubing, iron or steel were exported in Africa; growing by X% against 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, base metal flexible tubing exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 likely to see steady growth in the near future.

Exports by Country

In 2022, Tunisia (X tons) was the major exporter of base metal flexible tubing, iron or steel, constituting X% of total exports. It was distantly followed by Namibia (X tons), creating a X% share of total exports. The following exporters - Congo (X tons) and South Africa (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal flexible tubing exports from Tunisia stood at X%. At the same time, Namibia (X%) and Congo (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Namibia (X p.p.) and Congo (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest base metal flexible tubing supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tunisia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (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, which is down by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Africa

In 2022, approx. X tons of base metal flexible tubing, iron or steel were imported in Africa; increasing by X% on 2021. In general, imports posted a buoyant increase. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, base metal flexible tubing imports surged to $X in 2022. Over the period under review, imports recorded a prominent expansion. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Mauritania represented the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Democratic Republic of the Congo (X tons), Morocco (X tons), Namibia (X tons) and Egypt (X tons), together creating a X% share of total imports. The following importers - Nigeria (X tons), Libya (X tons), Algeria (X tons) and Central African Republic (X tons) - each resulted at a X% share of total imports.

Mauritania was also the fastest-growing in terms of the base metal flexible tubing, iron or steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Namibia (X%), Democratic Republic of the Congo (X%), Central African Republic (X%) and Morocco (X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. By contrast, Egypt (X%), Libya (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.), Democratic Republic of the Congo (X p.p.), Namibia (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.), Libya (X p.p.), Egypt (X p.p.) and Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) constitutes the largest market for imported base metal flexible tubing, iron or steel in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mauritania amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, base metal flexible tubing import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

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 Mauritania ($X per ton), while Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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