Africa: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Africa

The African pig iron articles market declined modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Pig Iron Articles Production in Africa

In value terms, pig iron articles production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Pig Iron Articles Exports

Exports in Africa

In 2022, shipments abroad of granules and powders of pig iron increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, pig iron articles exports rose remarkably to $X in 2022. Over the period under review, exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt represented the major exporter of granules and powders of pig iron in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), achieving a X% share of total exports. Benin (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pig iron articles exports from Egypt stood at X%. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest pig iron articles supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

In Egypt, pig iron articles exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. Export price indicated a perceptible increase 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, pig iron articles export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Pig Iron Articles Imports

Imports in Africa

In 2022, approx. X tons of granules and powders of pig iron were imported in Africa; declining by X% on the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pig iron articles imports skyrocketed to $X in 2022. In general, imports saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Algeria (X tons) ranks second in terms of the total imports with a X% share, followed by Egypt (X%) and Tunisia (X%). Morocco (X tons), Mozambique (X tons), Ghana (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pig iron articles imports into South Africa stood at X%. At the same time, Ghana (X%), Mozambique (X%), Democratic Republic of the Congo (X%), Tanzania (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%), Morocco (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Mozambique (X p.p.), Ghana (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tunisia (X p.p.), Morocco (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported granules and powders of pig iron in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

In South Africa, pig iron articles imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Tunisia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Ghana ($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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