Africa: Metal Link Chain Market 2024

Metal Link Chain Market Size in Africa

In 2022, the African metal link chain market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Metal Link Chain Production in Africa

In value terms, metal link chain production stood at $X in 2022 estimated in export price. In general, production recorded a slight slump. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Metal Link Chain Exports

Exports in Africa

In 2022, shipments abroad of iron or steel articulated link chain decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal link chain exports declined to $X in 2022. Total exports indicated a modest increase 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 2019 indices. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, recording X tons, which was near X% of total exports in 2022. The following exporters - Zambia (X tons) and Democratic Republic of the Congo (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal link chain exports from South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Zambia and Democratic Republic of the Congo increased by 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 ($X) remains the largest metal link chain supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

In South Africa, metal link chain exports increased at 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: Zambia (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Metal Link Chain Imports

Imports in Africa

In 2022, the amount of iron or steel articulated link chain imported in Africa rose remarkably to X tons, growing by X% compared with 2021 figures. Overall, imports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal link chain imports totaled $X in 2022. In general, imports, however, saw a deep downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Morocco (X tons) and Nigeria (X tons) represented the main importers of iron or steel articulated link chain in 2022, recording approx. X% and X% of total imports, respectively. It was followed by South Africa (X tons), Ghana (X tons), Angola (X tons), Burkina Faso (X tons), Egypt (X tons), Tanzania (X tons) and Ethiopia (X tons), together committing a X% share of total imports. Madagascar (X tons), Uganda (X tons), Kenya (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Nigeria ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. South Africa, Angola, Ghana, Ethiopia, Tanzania, Uganda, Senegal, Kenya, Madagascar and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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