Africa: Overview of the Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2021

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in Africa

In 2019, after two years of growth, there was significant decline in the African market for hot-rolled wire rod in coil of stainless steel, when its value decreased by -X% to $X. In general, consumption recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. The level of consumption peaked at $X in 2010; however, from 2011 to 2019, consumption remained at a lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in Africa

In value terms, hot-rolled wire stainless steel rod production fell to $X in 2019 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Production By Country in Africa

Kenya (X tonnes) constituted the country with the largest volume of hot-rolled wire stainless steel rod production, comprising approx. X% of total volume. Moreover, hot-rolled wire stainless steel rod production in Kenya exceeded the figures recorded by the second-largest producer, Mozambique (X tonnes), twofold. The third position in this ranking was occupied by Sudan (X tonnes), with a X% share.

In Kenya, hot-rolled wire stainless steel rod production expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mozambique (+X% per year) and Sudan (+X% per year).

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in Africa

In 2019, overseas shipments of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $X in 2019. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Exports by Country

South Africa was the key exporting country with an export of about X tonnes, which recorded X% of total exports. Botswana (X tonnes) ranks second in terms of the total exports with a X% share, followed by Morocco (X%). Namibia (X tonnes) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Botswana (+X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2019. Morocco and Namibia experienced a relatively flat trend pattern. From 2007 to 2019, the share of Botswana, South Africa, Morocco and Namibia increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest hot-rolled wire stainless steel rod supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, hot-rolled wire stainless steel rod exports declined by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Botswana (+X% per year) and Morocco (X% per year).

Export Prices by Country

The export price for hot-rolled wire rod in coil of stainless steel in Africa stood at $X per tonne in 2019, surging by X% against the previous year. Export price indicated a moderate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Namibia ($X per tonne), while Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Namibia, while the other leaders experienced more modest paces of growth.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in Africa

In 2019, supplies from abroad of hot-rolled wire rod in coil of stainless steel decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod imports fell dramatically to $X in 2019. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, South Africa (X tonnes) represented the main importer of hot-rolled wire rod in coil of stainless steel, achieving X% of total imports. Tanzania (X tonnes) ranks second in terms of the total imports with a X% share, followed by Namibia (X%). Botswana (X tonnes), Morocco (X tonnes), Uganda (X tonnes), Egypt (X tonnes), Democratic Republic of the Congo (X tonnes), Algeria (X tonnes), Seychelles (X tonnes), Burkina Faso (X tonnes), Ghana (X tonnes) and Swaziland (X tonnes) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -X% from 2007 to 2019. At the same time, Burkina Faso (+X%), Tanzania (+X%), Morocco (+X%), Namibia (+X%), Ghana (+X%) and Uganda (+X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2019. By contrast, Botswana (-X%), Swaziland (-X%), Egypt (-X%), Seychelles (-X%), Algeria (-X%) and Democratic Republic of the Congo (-X%) illustrated a downward trend over the same period. While the share of Tanzania (+X p.p.), Namibia (+X p.p.), Morocco (+X p.p.), Uganda (+X p.p.), Burkina Faso (+X p.p.) and Swaziland (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Algeria (-X p.p.), Democratic Republic of the Congo (-X p.p.) and South Africa (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Africa, comprising X% of total imports. The second position in the ranking was occupied by Namibia ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In South Africa, hot-rolled wire stainless steel rod imports plunged by an average annual rate of -X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Namibia (+X% per year) and Algeria (-X% per year).

Import Prices by Country

The import price for hot-rolled wire rod in coil of stainless steel in Africa stood at $X per tonne in 2019, jumping by X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Algeria ($X per tonne), while Tanzania ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Namibia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled wire rod in coil of stainless steel in Africa?

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The countries with the highest volumes of hot-rolled wire stainless steel rod consumption in 2019 were South Africa (728 tonnes), Kenya (370 tonnes) and Tanzania (245 tonnes), together comprising 59% of total consumption.

What are the largest producers of hot-rolled wire rod in coil of stainless steel in Africa?

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The country with the largest volume of hot-rolled wire stainless steel rod production was Kenya (370 tonnes), comprising approx. 54% of total volume. Moreover, hot-rolled wire stainless steel rod production in Kenya exceeded the figures recorded by the second-largest producer, Mozambique (148 tonnes), twofold. The third position in this ranking was occupied by Sudan (55 tonnes), with a 8% share.

What are the leading exporters of hot-rolled wire rod in coil of stainless steel in Africa?

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In value terms, South Africa ($285K) remains the largest hot-rolled wire stainless steel rod supplier in Africa, comprising 64% of total exports. The second position in the ranking was occupied by Botswana ($103K), with a 23% share of total exports. It was followed by Morocco, with a 7% share.

What are the leading importers of hot-rolled wire rod in coil of stainless steel in Africa?

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In value terms, South Africa ($2.9M) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in Africa, comprising 67% of total imports. The second position in the ranking was occupied by Namibia ($367K), with a 8.5% share of total imports. It was followed by Algeria, with a 4.4% share.

What is the average export price for hot-rolled wire rod in coil of stainless steel in Africa?

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In 2019, the export price for hot-rolled wire rod in coil of stainless steel in Africa amounted to $2,218 per tonne, rising by 49% against the previous year.

What is the average import price for hot-rolled wire rod in coil of stainless steel in Africa?

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The import price for hot-rolled wire rod in coil of stainless steel in Africa stood at $2,381 per tonne in 2019, rising by 21% against the previous year.