Africa: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Africa

The African silicon-electrical steel flat-rolled product market shrank modestly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Africa

In value terms, silicon-electrical steel flat-rolled product production fell to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports in Africa

In 2022, approx. X tons of flat-rolled products of silicon-electrical steel were exported in Africa; growing by X% on the year before. Over the period under review, exports saw notable growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2022. Overall, exports recorded pronounced growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Morocco (X tons) and South Africa (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Kenya (X tons), Tunisia (X tons) and Swaziland (X tons), together mixing up a X% share of total exports. Botswana (X tons) followed a long way behind the leaders.

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

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

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

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Export price indicated a slight expansion 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. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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

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

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports in Africa

In 2022, supplies from abroad of flat-rolled products of silicon-electrical steel increased by X% to X tons, rising for the second year in a row after three years of decline. Total imports indicated pronounced growth from 2012 to 2022: its volume 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2022. Overall, imports continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Tunisia (X tons) and South Africa (X tons) represented the largest importers of flat-rolled products of silicon-electrical steel in Africa, together creating X% of total imports. Egypt (X tons) ranks next in terms of the total imports with a X% share, followed by Algeria (X%) and Morocco (X%).

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

In value terms, the largest silicon-electrical steel flat-rolled product importing markets in Africa were South Africa ($X), Tunisia ($X) and Egypt ($X), with a combined X% share of total imports.

In terms of the main importing countries, Tunisia, with a CAGR of X%, recorded 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

The import price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a pronounced expansion 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, silicon-electrical steel flat-rolled product import price increased by X% against 2018 indices. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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