Africa: Insulating Fittings Market 2024

Insulating Fittings Market Size in Africa

After three years of growth, the African insulating fittings market decreased by X% to $X in 2022. Overall, consumption, however, recorded prominent growth. The level of consumption peaked at $X in 2021, and then contracted rapidly in the following year.

Insulating Fittings Production in Africa

In value terms, insulating fittings production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Insulating Fittings Exports

Exports in Africa

In 2022, overseas shipments of insulating fittings for electrical purposes increased by X% to X tons, rising for the second consecutive year after eight years of decline. Over the period under review, exports, however, showed a abrupt setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, insulating fittings exports soared to $X in 2022. Overall, exports, however, saw a abrupt shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), comprising a X% share of total exports. Egypt (X tons), Mauritius (X tons), Burkina Faso (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to insulating fittings exports from South Africa stood at X%. At the same time, Egypt (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Egypt (X p.p.), Burkina Faso (X p.p.) and Mauritius (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of 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 ($X) remains the largest insulating fittings supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

In South Africa, insulating fittings exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Mauritius ($X per ton), while Cote d'Ivoire ($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 mixed trends in the export price figures.

Insulating Fittings Imports

Imports in Africa

In 2022, overseas purchases of insulating fittings for electrical purposes decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, insulating fittings imports declined sharply to $X in 2022. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Nigeria prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Ghana (X tons) took a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the insulating fittings for electrical purposes imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported insulating fittings for electrical purposes in Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a abrupt slump. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Ghana ($X per ton), while Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Source: IndexBox Platform

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