Africa: Gasket Market 2020

Gasket Market Size in Africa

The revenue of the gasket market in Africa amounted to $X in 2017, jumping by X% against the previous year. The gasket consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2009, when market value increased by X% against the previous year. Over the period under review, the gasket market reached its maximum level of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Gasket Production in Africa

In 2017, gasket production in Africa totaled X units, leveling off at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the gasket production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Gasket Exports in Africa

In 2017, approx. X units of gaskets and similar joints of metal sheeting were exported in Africa; lowering by -X% against the previous year. The gasket exports continue to indicate a temperate downturn. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. In that year, the gasket exports reached their peak volume of X units. From 2012 to 2017, growth of the gasket exports failed to regain its momentum.

In value terms, gasket exports amounted to $X in 2017. The total exports indicated a noticeable expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the gasket exports attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Gasket Exports by Country in Africa

South Africa dominates gasket exports structure, resulting at X units, which was near X% of total exports in 2017. The following exporters - Tunisia (X units), Zambia (X units) and Namibia (X units) each resulted at a X% share of total exports.

Exports from South Africa decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Zambia (+X%) and Namibia (+X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. Tunisia experienced a relatively flat trend pattern. From 2007 to 2017, the share of South Africa increased by X% percentage points, while Zambia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest gasket supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Zambia ($X), with a X% share of global exports. It was followed by Tunisia, with a X% share.

In South Africa, gasket exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (+X% per year) and Tunisia (+X% per year).

Gasket Export Prices by Country in Africa

In 2017, the gasket export price in Africa amounted to $X per unit, growing by X% against the previous year. The gasket export price continues to indicate a prominent growth. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. In that year, the export prices for gaskets and similar joints of metal sheeting reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Africa ($X per unit), while Namibia ($X per unit) was amongst the lowest.

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

Gasket Imports in Africa

In 2017, the amount of gaskets and similar joints of metal sheeting imported in Africa amounted to X units, jumping by X% against the previous year. The total imports indicated a strong expansion 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. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, gasket imports stood at $X in 2017. The total imports indicated a strong 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. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Gasket Imports by Country in Africa

Nigeria represented the key importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Egypt (X units), South Africa (X units) and Algeria (X units), together achieving X% share of total imports. The following importers - Angola (X units), Ghana (X units) and Morocco (X units) together made up X% of total imports.

Nigeria was also the fastest growing in terms of the gaskets and similar joints of metal sheeting imports, with a CAGR of +X% from 2007 to 2017. At the same time, Morocco (+X%), Egypt (+X%) and Algeria (+X%) displayed positive paces of growth. Ghana and South Africa experienced a relatively flat trend pattern. By contrast, Angola (-X%) illustrated a downward trend over the same period. Angola (X%) significantly strengthened its position in terms of the global imports, while Egypt and Nigeria saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported gaskets and similar joints of metal sheeting in Africa, making up X% of global imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of global imports. It was followed by South Africa, with a X% share.

In Nigeria, gasket imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Egypt (+X% per year) and South Africa (+X% per year).

Gasket Import Prices by Country in Africa

The gasket import price in Africa stood at $X per unit in 2017, declining by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009, an increase of X% year-to-year. The level of import price peaked of $X per unit in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Africa ($X per unit), while Angola ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform