Africa: Degras Market 2024

Degras Market Size in Africa

The African degras market reduced dramatically to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Degras Production in Africa

In value terms, degras production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Degras Exports

Exports in Africa

In 2022, degras exports in Africa skyrocketed to X tons, picking up by X% on the previous year's figure. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, degras exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a notable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Tunisia represented the main exporter of degras in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), creating a X% share of total exports. South Africa (X tons) held a little share of total exports.

Tunisia was also the fastest-growing in terms of the degras exports, with a CAGR of X% from 2012 to 2022. At the same time, South Africa (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia and South Africa increased by X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Tunisia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. 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 attained the peak figure at $X per ton in 2012; however, from 2013 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 South Africa ($X per ton), while Cote d'Ivoire ($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.

Degras Imports

Imports in Africa

In 2022, imports of degras in Africa fell to X tons, declining by X% on the year before. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, degras imports fell to $X in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Mali was the main importing country with an import of around X tons, which recorded X% of total imports. Kenya (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (X%). Angola (X tons), Madagascar (X tons) and Djibouti (X tons) took a relatively small share of total imports.

Imports into Mali decreased at an average annual rate of X% from 2012 to 2022. At the same time, Kenya (X%), Madagascar (X%) and Angola (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Djibouti (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. Kenya (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Mali saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X), Angola ($X) and Kenya ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Kenya, 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, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat 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 Angola ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :