Africa: Copper Screw Market 2024

Copper Screw Market Size in Africa

The African copper screw market dropped modestly to $X in 2022, reducing by X% against the previous year. The total consumption indicated a measured 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 reached the peak level of $X, and then reduced modestly in the following year.

Copper Screw Production in Africa

In value terms, copper screw production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Copper Screw Exports

Exports in Africa

In 2022, overseas shipments of copper screws, bolts and nuts increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, copper screw exports surged to $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

South Africa represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. Algeria (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%) and Rwanda (X%). The following exporters - Zambia (X tons), Burkina Faso (X tons) and Tunisia (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Rwanda (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest copper screw supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Algeria ($X), with an X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Algeria (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of 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 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Rwanda ($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.

Copper Screw Imports

Imports in Africa

Copper screw imports soared to X tons in 2022, growing by X% compared with 2021 figures. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, copper screw imports shrank remarkably to $X in 2022. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

The countries with the highest levels of copper screw imports in 2022 were Nigeria (X tons), Democratic Republic of the Congo (X tons), South Africa (X tons) and Togo (X tons), together resulting at X% of total import. It was distantly followed by Zambia (X tons), achieving a X% share of total imports. The following importers - Ethiopia (X tons), Tunisia (X tons), Botswana (X tons), Mozambique (X tons), Senegal (X tons), Namibia (X tons), Rwanda (X tons) and Angola (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) constitutes the largest market for imported copper screws, bolts and nuts in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tunisia stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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