Africa: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Africa

The African metal liquid fuel appliances market reduced modestly to $X in 2022, standing approx. at the previous year. In general, consumption showed a abrupt descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Africa

In value terms, metal liquid fuel appliances production stood at $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in Africa

In 2022, approx. X units of iron or steel liquid fuel domestic appliances were exported in Africa; waning by -12.2% against the previous year. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 98% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal liquid fuel appliances exports shrank to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was near 95% of total exports in 2022. Egypt (X units) held a relatively small share of total exports.

South Africa was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +11.5% from 2012 to 2022. Egypt (-3.6%) illustrated a downward trend over the same period. South Africa (+18 p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by -9.2% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal liquid fuel appliances supplier in Africa, comprising 91% of total exports. The second position in the ranking was taken by Egypt ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -8.7%.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, which is down by -2.2% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-9.3%).

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in Africa

Metal liquid fuel appliances imports dropped sharply to X units in 2022, reducing by -63.4% compared with the previous year. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2021 with an increase of 142%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports fell markedly to $X in 2022. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 91% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) and Benin (X units) represented the key importers of iron or steel liquid fuel domestic appliances in Africa, together making up 53% of total imports. It was distantly followed by Nigeria (X units), Lesotho (X units) and Namibia (X units), together committing a 21% share of total imports. Comoros (X units), Mozambique (X units), Egypt (X units), Morocco (X units), Kenya (X units), Tanzania (X units), Angola (X units) and Uganda (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +51.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Nigeria ($X) and Lesotho ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 49% share of total imports.

In terms of the main importing countries, Benin, with a CAGR of +43.7%, saw the highest rates of growth with regard to 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

In 2022, the import price in Africa amounted to $X per unit, with an increase of 39% against the previous year. Over the period under review, the import price enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 an increase of 147% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the 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 Nigeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Comoros (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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