Africa: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Africa

The African cold-rolled steel products market soared to $X in 2022, with an increase of X% against the previous year. The total consumption indicated noticeable 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 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cold-Rolled Steel Products Production in Africa

In value terms, cold-rolled steel products production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2021, and then shrank in the following year.

Cold-Rolled Steel Products Exports

Exports in Africa

Cold-rolled steel products exports fell to X tons in 2022, waning by X% against 2021 figures. Overall, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa represented the major exporting country with an export of about X tons, which finished at X% of total exports. Tunisia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%), Senegal (X%) and Kenya (X%). The following exporters - Mozambique (X tons) and Benin (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to cold-rolled steel products exports from South Africa stood at X%. At the same time, Mozambique (X%), Tunisia (X%), Benin (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Kenya (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia, Senegal, Mozambique, Benin and Egypt increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest cold-rolled steel products supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

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

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Export price indicated a moderate increase 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, cold-rolled steel products export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 South Africa ($X per ton), while Mozambique ($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.

Cold-Rolled Steel Products Imports

Imports in Africa

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cold-rolled steel products imports soared to $X in 2022. Total imports indicated a slight 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X tons) and Morocco (X tons) represented the largest importers of flat-rolled products of iron or steel (not further worked than cold-rolled) in 2022, reaching near X% and X% of total imports, respectively. Djibouti (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%), South Africa (X%), Ethiopia (X%), Sudan (X%), Nigeria (X%) and Algeria (X%). Burkina Faso (X tons), Angola (X tons), Cote d'Ivoire (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, the largest cold-rolled steel products importing markets in Africa were Egypt ($X), Morocco ($X) and South Africa ($X), together accounting for X% of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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