Africa: Forged Steel Bar Market 2020

Forged Steel Bar Market Size in Africa

The revenue of the forged steel bar market in Africa amounted to $X in 2017, growing by X% against the previous year. The forged steel bar consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the forged steel bar market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Forged Steel Bar Production in Africa

In 2017, production of forged bars of steel and hot-rolled barsof non-alloy steel in Africa totaled X tons, standing approx. at the previous year. The forged steel bar production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. The volume of forged steel bar production peaked in 2017, and is likely to continue its growth in the immediate term.

Forged Steel Bar Exports in Africa

In 2017, forged steel bar exports in Africa stood at X tons, jumping by X% against the previous year. The forged steel bar exports continue to indicate a temperate reduction. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, forged steel bar exports stood at $X in 2017. The forged steel bar exports continue to indicate a temperate shrinkage. Over the period under review, the forged steel bar exports reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Forged Steel Bar Exports by Country in Africa

Egypt (X tons) and South Africa (X tons) prevails in forged steel bar exports structure, together creating X% of total exports. It was distantly followed by Tunisia (X tons), generating X% share of total exports. Libya (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ghana (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged steel bar markets worldwide were South Africa ($X), Egypt ($X) and Tunisia ($X), together accounting for X% of total exports. Libya and Ghana lagged somewhat behind, together comprising a further X%.

Ghana (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Forged Steel Bar Export Prices by Country in Africa

The forged steel bar export price in Africa stood at $X per ton in 2017, picking up by X% against the previous year. The forged steel bar export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. In that year, the export prices for forged bars of steel and hot-rolled barsof non-alloy steel reached their peak level of $X per ton. From 2009 to 2017, growth of the export prices for forged bars of steel and hot-rolled barsof non-alloy steel stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in South Africa ($X per ton) and Ghana ($X per ton), while Tunisia ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Ghana (+X% per year), while the other leaders experienced a decline in the export price figures.

Forged Steel Bar Imports in Africa

In 2017, approx. X tons of forged bars of steel and hot-rolled barsof non-alloy steel were imported in Africa; approximately mirroring the previous year. The total imports indicated a significant increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged steel bar imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the forged steel bar imports attained its maximum volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, forged steel bar imports stood at $X in 2017. The total imports indicated a measured growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the forged steel bar imports decreased by -X% against 2014 indices. Over the period under review, the forged steel bar imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Forged Steel Bar Imports by Country in Africa

Algeria (X tons) and Morocco (X tons) represented roughly X% of total imports of forged bars of steel and hot-rolled barsof non-alloy steel in 2017. Ethiopia (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Tunisia (X%). Senegal (X tons), Mozambique (X tons), Angola (X tons), Nigeria (X tons), Libya (X tons), Sudan (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Senegal (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest forged steel bar markets worldwide were Algeria ($X), Morocco ($X) and Ethiopia ($X), together comprising X% of total imports. These countries were followed by Mozambique, Nigeria, Angola, Tunisia, Libya, Sudan, South Africa and Senegal, which together accounted for a further X%.

Mozambique (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Forged Steel Bar Import Prices by Country in Africa

In 2017, the forged steel bar import price in Africa amounted to $X per ton, flattening at the previous year. The forged steel bar import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. In that year, the import prices for forged bars of steel and hot-rolled barsof non-alloy steel reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for forged bars of steel and hot-rolled barsof non-alloy steel failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform