Africa: Wire And Cable Market 2024

Wire And Cable Market Size in Africa

In 2022, the African wire and cable market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wire And Cable Production in Africa

In value terms, wire and cable production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Wire And Cable Exports

Exports in Africa

In 2022, the amount of insulated wire and cable exported in Africa soared to X tons, increasing by X% against the previous year. Total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, wire and cable exports amounted to $X in 2022. Total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Morocco (X tons) and Tunisia (X tons) represented the largest exporters of insulated wire and cable in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Egypt (X tons) and South Africa (X tons), together committing a X% share of total exports. Botswana (X tons) and Senegal (X tons) held a relatively small share of total exports.

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

In value terms, the largest wire and cable supplying countries in Africa were Morocco ($X), Tunisia ($X) and Egypt ($X), together accounting for X% of total exports. South Africa, Botswana and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 Egypt ($X per ton), while Senegal ($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.

Wire And Cable Imports

Imports in Africa

In 2022, overseas purchases of insulated wire and cable increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, wire and cable imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Mozambique was the main importer of insulated wire and cable in Africa, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a X% share, followed by South Africa (X%). The following importers - Libya (X tons), Tunisia (X tons), Nigeria (X tons), Ethiopia (X tons), Egypt (X tons), Ghana (X tons), Democratic Republic of the Congo (X tons), Cote d'Ivoire (X tons), Kenya (X tons) and Tanzania (X tons) - together made up X% of total imports.

Mozambique was also the fastest-growing in terms of the insulated wire and cable imports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%), Cote d'Ivoire (X%), Ethiopia (X%), Democratic Republic of the Congo (X%), South Africa (X%) and Tunisia (X%) displayed positive paces of growth. Tanzania experienced a relatively flat trend pattern. By contrast, Kenya (X%), Libya (X%), Nigeria (X%), Egypt (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mozambique, Morocco and Democratic Republic of the Congo increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Morocco, wire and cable 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: Tunisia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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