Africa: Metal Nut Market 2020

Metal Nut Market Size in Africa

The revenue of the metal nut market in Africa amounted to $X in 2017, growing by X% against the previous year. The total market indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal nut consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2012, with an increase of X% against the previous year. Over the period under review, the metal nut market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Metal Nut Production in Africa

In 2017, approx. X tons of iron or steel nuts were produced in Africa; remaining constant against the previous year. The metal nut production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. The volume of metal nut production peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Metal Nut Exports in Africa

In 2017, approx. X tons of iron or steel nuts were exported in Africa; declining by -X% against the previous year. The total exports indicated a moderate expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal nut exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. Over the period under review, the metal nut exports attained its maximum volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, metal nut exports totaled $X in 2017. The metal nut exports continue to indicate a prominent expansion. Over the period under review, the metal nut exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Metal Nut Exports by Country in Africa

In 2017, South Africa (X tons) was the main exporter for iron or steel nuts, committing X% of total exports. It was distantly followed by Morocco (X tons), achieving X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to metal nut exports from South Africa stood at +X%. At the same time, Morocco (+X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. While the share of South Africa (-X%) and Morocco (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal nut supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of global exports.

From 2007 to 2017, the average annual rate of growth in terms of value in South Africa amounted to +X%.

Metal Nut Export Prices by Country in Africa

In 2017, the metal nut export price in Africa amounted to $X per ton, rising by X% against the previous year. The export price indicated a pronounced growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the metal nut export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. The level of export price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Africa ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (+X% per year).

Metal Nut Imports in Africa

In 2017, the amount of iron or steel nuts imported in Africa stood at X tons, surging by X% against the previous year. The metal nut imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2008, when imports increased by X% y-o-y. Over the period under review, the metal nut imports attained its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, metal nut imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Metal Nut Imports by Country in Africa

Morocco (X tons) and South Africa (X tons) were the major importers of iron or steel nuts in 2017, recording approx. X% and X% of total imports, respectively. Egypt (X tons) took the second position in the ranking, followed by Algeria (X tons) and Libya (X tons). All these countries together held near X% share of total imports. Kenya (X tons), Tunisia (X tons) and Angola (X tons) held the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Libya (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest metal nut markets worldwide were South Africa ($X), Morocco ($X) and Algeria ($X), together accounting for X% of total imports.

In terms of the main importing countries , Morocco (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Metal Nut Import Prices by Country in Africa

In 2017, the metal nut import price in Africa amounted to $X per ton, falling by -X% against the previous year. The metal nut import price continues to indicate an abrupt drop. The most prominent rate of growth was recorded in 2014, an increase of -X% year-to-year. Over the period under review, the import prices for iron or steel nuts attained its maximum level of $X per ton in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Angola ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kenya (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform