Africa: Market for Float Glass And Surface Ground or Polished Glass 2023

Market Size for Float Glass And Surface Ground or Polished Glass in Africa

In 2022, the African market for float glass and surface ground or polished glass increased by less than 0.1% to $X, rising for the seventh year in a row after three years of decline. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +73.4% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Float Glass And Surface Ground or Polished Glass in Africa

In value terms, production of float glass and surface ground or polished glass totaled $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Africa

In 2022, overseas shipments of float glass and surface ground or polished glass increased by 9.6% to X square meters, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 60% against the previous year. As a result, the exports reached the peak of X square meters. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass surged to $X in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 63%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Egypt (X square meters), Algeria (X square meters) and South Africa (X square meters) represented roughly 86% of total exports in 2022. It was distantly followed by Senegal (X square meters), constituting a 7.4% share of total exports. Nigeria (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +44.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest float glass and surface ground or polished glass supplier in Africa, comprising 55% of total exports. The second position in the ranking was held by Algeria ($X), with a 24% share of total exports. It was followed by South Africa, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value in Egypt totaled +10.2%. In the other countries, the average annual rates were as follows: Algeria (+6.5% per year) and South Africa (+1.7% per year).

Export Prices by Country

The export price in Africa stood at $X per square meter in 2022, with an increase of 14% against the previous year. Overall, the export price showed a pronounced increase. The pace of growth was the most pronounced in 2021 when the export price increased by 32%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while Senegal ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Africa

Imports of float glass and surface ground or polished glass shrank to X square meters in 2022, which is down by -10% on 2021. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The volume of import peaked at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of float glass and surface ground or polished glass reduced to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +74.7% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Morocco (X square meters), distantly followed by Kenya (X square meters), Algeria (X square meters), Djibouti (X square meters), Tanzania (X square meters), Tunisia (X square meters) and Ghana (X square meters) were the key importers of float glass and surface ground or polished glass, together generating 60% of total imports. South Africa (X square meters), Zimbabwe (X square meters), Egypt (X square meters), Ethiopia (X square meters), Rwanda (X square meters) and Botswana (X square meters) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass imports into Morocco stood at +12.0%. At the same time, Botswana (+16.7%), Rwanda (+14.1%), Zimbabwe (+12.9%), Ghana (+11.0%), Djibouti (+8.9%), Tanzania (+8.8%), Ethiopia (+8.4%), Kenya (+5.7%) and Egypt (+3.0%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in Africa, with a CAGR of +16.7% from 2012-2022. By contrast, Algeria (-2.1%), Tunisia (-3.5%) and South Africa (-6.7%) illustrated a downward trend over the same period. Morocco (+12 p.p.), Djibouti (+3.2 p.p.), Ghana (+2.8 p.p.), Kenya (+2.8 p.p.), Tanzania (+2.7 p.p.) and Zimbabwe (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Tunisia and South Africa saw its share reduced by -3.6%, -3.9% and -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported float glass and surface ground or polished glass in Africa, comprising 23% of total imports. The second position in the ranking was held by Kenya ($X), with a 9% share of total imports. It was followed by Algeria, with a 6.9% share.

In Morocco, imports of float glass and surface ground or polished glass expanded at an average annual rate of +15.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (+10.3% per year) and Algeria (+1.9% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per square meter, growing by 5% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground or polished glass increased by +52.4% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 21%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Egypt ($X per square meter), while Zimbabwe ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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