Africa: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Africa

In 2022, the African steel plaited band market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated tangible growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Steel Plaited Band Production in Africa

In value terms, steel plaited band production fell modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Steel Plaited Band Exports

Exports in Africa

In 2022, exports of iron or steel plaited bands and slings in Africa shrank to X tons, waning by X% on the previous year. Over the period under review, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, steel plaited band exports rose modestly to $X in 2022. In general, exports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Zambia (X tons), creating a X% share of total exports. The following exporters - Uganda (X tons), Namibia (X tons), Cote d'Ivoire (X tons), Tunisia (X tons), Kenya (X tons) and Morocco (X tons) - together made up X% of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%), Cote d'Ivoire (X%), Uganda (X%), Morocco (X%), Tunisia (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Kenya experienced a relatively flat trend pattern. Zambia (X p.p.), Uganda (X p.p.), Cote d'Ivoire (X p.p.), Tunisia (X p.p.), South Africa (X p.p.) and Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest steel plaited band supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Steel Plaited Band Imports

Imports in Africa

In 2022, approx. X tons of iron or steel plaited bands and slings were imported in Africa; picking up by X% on the year before. Over the period under review, imports, however, continue to indicate a noticeable slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steel plaited band imports soared to $X in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of iron or steel plaited bands and slings, namely Mozambique, Tanzania, Nigeria, Morocco, Egypt, Senegal, Ethiopia, Benin, Zimbabwe, Ghana, Rwanda and Angola, represented more than two-thirds of total import. Algeria (X tons) held a relatively small share of total imports.

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

In value terms, Egypt ($X), Nigeria ($X) and Mozambique ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Senegal, Angola, Tanzania, Morocco, Benin, Algeria, Zimbabwe, Ghana, Ethiopia and Rwanda lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Benin, with a CAGR of X%, 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

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Angola ($X per ton), while Rwanda ($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 more modest paces of growth.

Source: IndexBox Platform

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