Africa: Expanded Metal Market 2024

Expanded Metal Market Size in Africa

In 2022, the African expanded metal market increased by X% to $X, rising for the sixth year in a row after two years of decline. The market 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 level of consumption peaked in 2022 and is expected to retain growth in years to come.

Expanded Metal Production in Africa

In value terms, expanded metal production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then reduced in the following year.

Expanded Metal Exports

Exports in Africa

In 2022, approx. X tons of iron or steel expanded metal were exported in Africa; rising by X% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, expanded metal exports expanded rapidly to $X in 2022. Overall, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons), distantly followed by Ghana (X tons), Namibia (X tons) and Senegal (X tons) represented the key exporters of iron or steel expanded metal, together achieving X% of total exports. Egypt (X tons), Tunisia (X tons) and Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest expanded metal supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In South Africa, expanded metal exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded 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 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Ghana ($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 a decline in the export price figures.

Expanded Metal Imports

Imports in Africa

In 2022, expanded metal imports in Africa skyrocketed to X tons, increasing by X% against the previous year's figure. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, expanded metal imports soared to $X in 2022. Total imports indicated a temperate 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Burkina Faso (X tons), Senegal (X tons) and Central African Republic (X tons) represented roughly X% of total imports in 2022. Mauritania (X tons) ranks next in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Niger (X tons), Togo (X tons), Tunisia (X tons), Cabo Verde (X tons), Tanzania (X tons) and Nigeria (X tons) held a minor share of total imports.

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

In value terms, the largest expanded metal importing markets in Africa were Senegal ($X), Tunisia ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Burkina Faso, Mauritania, Nigeria, Central African Republic, Niger, Togo, Cabo Verde and Tanzania lagged somewhat behind, together comprising a further X%.

Central African Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Africa stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Tunisia ($X per ton), while Central African Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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