Africa: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in Africa

The African copper stranded wire market expanded notably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Copper Stranded Wire Production in Africa

In value terms, copper stranded wire production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Copper Stranded Wire Exports

Exports in Africa

In 2022, the amount of copper stranded wire, cables and plaited bands exported in Africa declined markedly to X tons, dropping by X% on the previous year. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper stranded wire exports declined notably to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons), distantly followed by Tunisia (X tons), Zambia (X tons), Morocco (X tons) and Ghana (X tons) represented the largest exporters of copper stranded wire, cables and plaited bands, together generating X% of total exports. The following exporters - Botswana (X tons) and Angola (X tons) - each recorded a X% share 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 Tunisia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest copper stranded wire supplying countries in Africa were South Africa ($X), Tunisia ($X) and Morocco ($X), with a combined X% share of total exports. Zambia, Ghana, Angola and Botswana lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, almost unchanged from the previous year. Export price indicated temperate 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, copper stranded wire export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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 Angola ($X per ton), while Botswana ($X per ton) was amongst the lowest.

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

Copper Stranded Wire Imports

Imports in Africa

In 2022, overseas purchases of copper stranded wire, cables and plaited bands increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, copper stranded wire imports surged to $X in 2022. In general, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of copper stranded wire imports in 2022 were Senegal (X tons), Algeria (X tons), Tunisia (X tons), Angola (X tons) and Tanzania (X tons), together recording X% of total import. It was distantly followed by Democratic Republic of the Congo (X tons), achieving a X% share of total imports. The following importers - Morocco (X tons), Cote d'Ivoire (X tons), Benin (X tons), Botswana (X tons), Nigeria (X tons), Swaziland (X tons) and Cameroon (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper stranded wire importing markets in Africa were Senegal ($X), Tunisia ($X) and Algeria ($X), with a combined X% share of total imports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform

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