Africa: Flat-Rolled Steel Coils Market 2024

Flat-Rolled Steel Coils Market Size in Africa

In 2023, after three years of growth, there was significant decline in the African flat-rolled steel coils market, when its value decreased by X% to $X. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Flat-Rolled Steel Coils Production in Africa

In value terms, flat-rolled steel coils production expanded sharply to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Flat-Rolled Steel Coils Exports

Exports in Africa

In 2023, the amount of flat-rolled steel in coils exported in Africa soared to X tons, growing by X% compared with the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flat-rolled steel coils exports soared to $X in 2023. Overall, exports saw a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by South Africa (X tons), creating a X% share of total exports. The following exporters - Algeria (X tons), Libya (X tons) and Tunisia (X tons) - each amounted to a X% share of total exports.

Exports from Egypt increased at an average annual rate of X% from 2012 to 2023. At the same time, Tunisia (X%), Algeria (X%) and Libya (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. Egypt (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Egypt, flat-rolled steel coils exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Libya (X% per year).

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. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then shrank notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Libya ($X per ton) and Tunisia ($X per ton), while Algeria ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Flat-Rolled Steel Coils Imports

Imports in Africa

In 2023, approx. X tons of flat-rolled steel in coils were imported in Africa; with an increase of X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel coils imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then fell in the following year.

Imports by Country

Egypt (X tons) and Kenya (X tons) represented the key importers of flat-rolled steel in coils in 2023, amounting to approx. X% and X% of total imports, respectively. Tanzania (X tons) held the next position in the ranking, followed by South Africa (X tons), Algeria (X tons) and Tunisia (X tons). All these countries together held near X% share of total imports. The following importers - Uganda (X tons), Sudan (X tons), Djibouti (X tons), Ethiopia (X tons), Angola (X tons), Morocco (X tons) and Ghana (X tons) - together made up X% of total imports.

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

In value terms, the largest flat-rolled steel coils importing markets in Africa were Egypt ($X), Kenya ($X) and Tanzania ($X), together accounting for X% of total imports.

Among the main importing countries, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Morocco ($X per ton) and Kenya ($X per ton), while Ghana ($X per ton) and Djibouti ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform