Report Africa - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 24, 2023

Africa - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights

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Africa: Market for Hot-Rolled Bars In Bearing Steels 2023

Market Size for Hot-Rolled Bars In Bearing Steels in Africa

The African hot-rolled bearing steel bar market declined slightly to $X in 2021, waning by -4.7% against the previous year. Over the period under review, consumption, however, recorded a tangible expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Hot-Rolled Bars In Bearing Steels in Africa

In value terms, hot-rolled bearing steel bar production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Hot-Rolled Bars In Bearing Steels

Exports in Africa

Hot-rolled bearing steel bar exports surged to X tons in 2021, rising by 63% on the year before. Over the period under review, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 156% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 93% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

Egypt represented the largest exporting country with an export of around X tons, which recorded 77% of total exports. It was distantly followed by Namibia (X tons), achieving a 21% share of total exports.

Egypt was also the fastest-growing in terms of the hot-rolled bars in bearing steels exports, with a CAGR of +3.8% from 2012 to 2021. Namibia experienced a relatively flat trend pattern. Egypt (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by -6.4% from 2012 to 2021, respectively.

In value terms, Egypt ($X) and Namibia ($X) appeared to be the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Namibia, with a CAGR of +22.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, growing by 5.8% against the previous year. In general, the export price recorded a noticeable increase. The growth pace was the most rapid in 2020 when the export price increased by 158%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Namibia ($X per ton), while Egypt totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+23.5%).

Imports of Hot-Rolled Bars In Bearing Steels

Imports in Africa

Hot-rolled bearing steel bar imports reduced slightly to X tons in 2021, waning by -1.6% against the previous year's figure. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 792% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar imports rose significantly to $X in 2021. In general, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 85% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Zambia (X tons), distantly followed by Ethiopia (X tons), Ghana (X tons), Tunisia (X tons) and South Africa (X tons) represented the largest importers of hot-rolled bars in bearing steels, together achieving 75% of total imports. Egypt (X tons), Cameroon (X tons), Sierra Leone (X tons), Kenya (X tons), Morocco (X tons) and Nigeria (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Zambia (with a CAGR of +56.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled bearing steel bar importing markets in Africa were Zambia ($X), Ghana ($X) and Tunisia ($X), together accounting for 45% of total imports.

Among the main importing countries, Zambia, with a CAGR of +39.3%, recorded the highest growth rate of 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

The import price in Africa stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 an increase of 340%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in bearing steels in Africa?
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The countries with the highest volumes of consumption in 2021 were Zambia, Egypt and Ethiopia, together comprising 50% of total consumption.
What are the largest producers of hot-rolled bars in bearing steels in Africa?
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The countries with the highest volumes of production in 2021 were Egypt, Namibia and Congo, with a combined 99% share of total production.
What are the leading suppliers of hot-rolled bars in bearing steels in Africa?
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In value terms, Egypt and Namibia constituted the countries with the highest levels of exports in 2021.
What are the leading importers of hot-rolled bars in bearing steels in Africa?
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In value terms, Zambia, Ghana and Tunisia appeared to be the countries with the highest levels of imports in 2021, together accounting for 45% of total imports.
What is the average export price for hot-rolled bars in bearing steels in Africa?
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The export price in Africa stood at $1,780 per ton in 2021, picking up by 5.8% against the previous year.
What is the average import price for hot-rolled bars in bearing steels in Africa?
+
The import price in Africa stood at $730 per ton in 2021, surging by 15% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Western Sahara
• Zambia
• Zimbabwe

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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