Africa: Market for Hot-Rolled Bars Of High Speed Steel 2024

Market Size for Hot-Rolled Bars Of High Speed Steel in Africa

In 2022, the African market for hot-rolled bars of high speed steel decreased by X% to $X, falling for the second year in a row after four years of growth. The total consumption indicated slight growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Hot-Rolled Bars Of High Speed Steel in Africa

In value terms, hot-rolled high speed steel bar production declined slightly 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; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in Africa

In 2022, approx. X tons of hot-rolled bars of high speed steel were exported in Africa; jumping by X% on the previous year. Overall, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania was the largest exporter of hot-rolled bars of high speed steel in Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Zambia (X tons) ranks second in terms of the total exports with a X% share, followed by South Africa (X%) and Botswana (X%).

Tanzania was also the fastest-growing in terms of the hot-rolled bars of high speed steel exports, with a CAGR of X% from 2012 to 2022. At the same time, Botswana (X%) and Zambia (X%) displayed positive paces of growth. By contrast, South Africa (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), Zambia (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Tanzania ($X) emerged as the largest hot-rolled high speed steel bar supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Tanzania amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

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

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in Africa

Hot-rolled high speed steel bar imports surged to X tons in 2022, picking up by X% compared with the previous year's figure. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, hot-rolled high speed steel bar imports expanded slightly to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Zambia (X tons), Seychelles (X tons), South Africa (X tons) and Botswana (X tons) was the main importer of hot-rolled bars of high speed steel in Africa, achieving X% of total import. It was distantly followed by Liberia (X tons), creating a X% share of total imports. The following importers - Tunisia (X tons) and Mozambique (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported hot-rolled bars of high speed steel in Africa, comprising X% of total imports. The second position in the ranking was held by Zambia ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Liberia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 South Africa ($X per ton), while Seychelles ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform