Africa: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Africa

The African metal tubular rivet market dropped modestly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated tangible growth 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Metal Tubular Rivet Production in Africa

In value terms, metal tubular rivet production declined slightly to $X in 2022 estimated in export price. The total production indicated a prominent expansion 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 most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Metal Tubular Rivet Exports

Exports in Africa

In 2022, overseas shipments of base metal tubular or bifurcated rivets increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal tubular rivet exports amounted to $X in 2022. Over the period under review, exports, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Tunisia (X tons), mixing up a X% share of total exports. Cote d'Ivoire (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal tubular rivet exports from South Africa stood at X%. At the same time, Cote d'Ivoire (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X), South Africa ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Cote d'Ivoire ($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 a decline in the export price figures.

Metal Tubular Rivet Imports

Imports in Africa

In 2022, the amount of base metal tubular or bifurcated rivets imported in Africa fell to X tons, declining by X% compared with 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal tubular rivet imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by Tunisia (X%). Algeria (X tons), Kenya (X tons), Nigeria (X tons), Cameroon (X tons), Djibouti (X tons), Egypt (X tons), Ghana (X tons), Democratic Republic of the Congo (X tons) and Mauritius (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal tubular rivet imports into South Africa stood at X%. At the same time, Cameroon (X%), Democratic Republic of the Congo (X%), Djibouti (X%), Kenya (X%), Algeria (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cameroon emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Mauritius (X%), Tunisia (X%), Morocco (X%) and Egypt (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Cameroon (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Tunisia, Egypt and Morocco saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Tunisia ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mauritius, Algeria, Egypt, Kenya, Djibouti, Cameroon, Ghana, Nigeria and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Cameroon, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Tunisia ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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