Africa: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in Africa

For the third year in a row, the African metal anchors and grapnels market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Iron Or Steel Anchors, Grapnels in Africa

In value terms, metal anchors and grapnels production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, saw a modest expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports in Africa

In 2022, shipments abroad of iron or steel anchors, grapnels increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports saw measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels exports surged to $X in 2022. Overall, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X units) represented the key exporter of iron or steel anchors, grapnels, comprising X% of total exports. It was distantly followed by Morocco (X units) and Cote d'Ivoire (X units), together achieving a X% share of total exports. The following exporters - Tunisia (X units), Namibia (X units), Ghana (X units) and Congo (X units) - together made up X% of total exports.

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

In value terms, South Africa ($X) remains the largest metal anchors and grapnels supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, metal anchors and grapnels exports plunged by 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 Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 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 Tunisia ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Imports of Iron Or Steel Anchors, Grapnels

Imports in Africa

In 2022, approx. X units of iron or steel anchors, grapnels were imported in Africa; with an increase of X% compared with 2021. Over the period under review, imports saw a noticeable increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal anchors and grapnels imports soared to $X in 2022. Overall, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal anchors and grapnels imports in 2022 were Tanzania (X units), Angola (X units), Nigeria (X units) and South Africa (X units), together finishing at X% of total import. Morocco (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ethiopia (X%) and Senegal (X%). The following importers - Democratic Republic of the Congo (X units), Cote d'Ivoire (X units), Mozambique (X units), Algeria (X units), Togo (X units) and Liberia (X units) - together made up X% of total imports.

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

In value terms, the largest metal anchors and grapnels importing markets in Africa were Senegal ($X), South Africa ($X) and Tanzania ($X), with a combined X% share of total imports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Togo ($X per unit) 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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