Africa: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in Africa

The African ferro-silicon market fell to $X in 2023, with a decrease of X% against the previous year. In general, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Ferro-Silicon Production in Africa

In value terms, ferro-silicon production rose significantly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ferro-Silicon Exports

Exports in Africa

In 2023, approx. X tons of ferro-silicon were exported in Africa; increasing by X% compared with the previous year's figure. Total exports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-silicon exports declined to $X in 2023. Overall, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, South Africa (X tons) was the key exporter of ferro-silicon, committing X% of total exports. It was distantly followed by Egypt (X tons) and Zambia (X tons), together mixing up a X% share of total exports. Namibia (X tons) held a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Zambia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Namibia lagged somewhat behind, comprising a further X%.

In terms of the main exporting countries, Namibia, 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 more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell significantly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Egypt ($X per ton) and Namibia ($X per ton), while South Africa ($X per ton) and Zambia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Ferro-Silicon Imports

Imports in Africa

In 2023, imports of ferro-silicon in Africa contracted to X tons, declining by X% compared with the previous year's figure. Overall, imports recorded a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, ferro-silicon imports contracted sharply to $X in 2023. In general, imports recorded a mild setback. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The countries with the highest levels of ferro-silicon imports in 2023 were Botswana (X tons), Zimbabwe (X tons), South Africa (X tons), Namibia (X tons), Morocco (X tons), Algeria (X tons), Egypt (X tons), Angola (X tons), Libya (X tons), Democratic Republic of the Congo (X tons) and Gabon (X tons), together recording X% of total import.

From 2012 to 2023, the biggest increases were recorded for Libya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon importing markets in Africa were South Africa ($X), Zimbabwe ($X) and Morocco ($X), together comprising X% of total imports. Botswana, Namibia, Algeria, Egypt, Libya, Angola, Gabon and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Libya, with a CAGR of X%, recorded 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 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform