Africa: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Africa

In 2020, the African market for iron or steel leaf-springs and leaves decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then dropped in the following year.

Production of Iron Or Steel Leaf-Springs And Leaves in Africa

In value terms, production of iron or steel leaf-springs and leaves shrank to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2019, and then reduced in the following year.

Production By Country in Africa

The countries with the highest volumes of production of iron or steel leaf-springs and leaves in 2020 were Tunisia (X tons), Tanzania (X tons) and Kenya (X tons), together accounting for X% of total production.

From 2007 to 2020, the biggest increases were in Tanzania, while production of iron or steel leaf-springs and leaves for the other leaders experienced mixed trends in the production figures.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports in Africa

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, exports of iron or steel leaf-springs and leaves declined markedly to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Tunisia prevails in exports of iron or steel leaf-springs and leaves structure, finishing at X tons, which was approx. X% of total exports in 2020. Kenya (X tons) and South Africa (X tons) occupied a little share of total exports.

Tunisia experienced a relatively flat trend pattern with regard to volume of exports of iron or steel leaf-springs and leaves. Kenya (-X%) and South Africa (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Tunisia increased by +X% percentage points, while South Africa (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest iron or steel leaf-spring and leave supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Tunisia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-X% per year) and Kenya (-X% per year).

Export Prices by Country

In 2020, the export price for iron or steel leaf-springs and leaves in Africa amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Africa ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports in Africa

In 2020, supplies from abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Total imports indicated a pronounced expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019, and then fell markedly in the following year.

In value terms, imports of iron or steel leaf-springs and leaves reduced rapidly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then contracted sharply in the following year.

Imports by Country

In 2020, South Africa (X tons) and Ethiopia (X tons) were the main importers of iron or steel leaf-springs and leaves in Africa, together finishing at near X% of total imports. It was distantly followed by Sudan (X tons), Algeria (X tons), Ghana (X tons) and Tanzania (X tons), together committing a X% share of total imports. Tunisia (X tons), Egypt (X tons), Guinea (X tons), Kenya (X tons), Uganda (X tons), Democratic Republic of the Congo (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Guinea, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel leaf-springs and leaves in Africa, comprising X% of total imports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and Tunisia (+X% per year).

Import Prices by Country

The import price for iron or steel leaf-springs and leaves in Africa stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the import price, however, recorded a mild downturn. Over the period under review, import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Tunisia ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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