Africa: Market for Iron Or Steel Parts Of Articulated Link Chain 2023

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Africa

The African metal link chain parts market fell to $X in 2021, waning by -13.1% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Africa

In value terms, metal link chain parts production rose slightly to $X in 2021 estimated in export price. In general, production showed a deep contraction. The growth pace was the most rapid in 2013 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports in Africa

In 2021, the amount of iron or steel parts of articulated link chain exported in Africa was estimated at X tons, increasing by 14% against 2020 figures. Overall, exports, however, showed a noticeable decrease. The growth pace was the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal link chain parts exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 74%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. 89% of total exports in 2021. Tunisia (X tons) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Tunisia (+42.3%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +42.3% from 2012-2021. While the share of Tunisia (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-3.4 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest metal link chain parts supplier in Africa, comprising 89% of total exports. The second position in the ranking was held by Tunisia ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -1.6%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, surging by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2018 when the export price increased by 62%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tunisia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.5%).

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports in Africa

In 2021, metal link chain parts imports in Africa was estimated at X tons, approximately reflecting the previous year's figure. Over the period under review, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 214%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports dropped to $X in 2021. In general, imports, however, saw a slight descent. The growth pace was the most rapid in 2016 with an increase of 248% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa represented the main importer of iron or steel parts of articulated link chain in Africa, with the volume of imports finishing at X tons, which was approx. 46% of total imports in 2021. Nigeria (X tons) took a 7.4% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (5%). Algeria (X tons), Morocco (X tons), Malawi (X tons), Zambia (X tons), Egypt (X tons), Botswana (X tons), Swaziland (X tons), Namibia (X tons), Ghana (X tons) and Mayotte (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to metal link chain parts imports into South Africa stood at -3.5%. At the same time, Cote d'Ivoire (+29.5%), Algeria (+24.8%), Botswana (+23.9%), Malawi (+19.8%), Mayotte (+14.1%), Zambia (+13.0%), Morocco (+12.6%), Ghana (+2.0%) and Namibia (+1.3%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Africa, with a CAGR of +29.5% from 2012-2021. By contrast, Egypt (-3.4%), Swaziland (-5.5%) and Nigeria (-16.8%) illustrated a downward trend over the same period. Cote d'Ivoire (+4.6 p.p.), Algeria (+3.9 p.p.), Malawi (+2.8 p.p.), Morocco (+2.5 p.p.), Botswana (+2.2 p.p.) and Zambia (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -20.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel parts of articulated link chain in Africa, comprising 39% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 7% share of total imports. It was followed by Algeria, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+22.5% per year) and Algeria (+20.1% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, dropping by -2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 when the import price increased by 37% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while Mayotte ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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