Africa: Metal Rivet Market 2024

Metal Rivet Market Size in Africa

The African metal rivet market reached $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a slight contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Rivet Production in Africa

In value terms, metal rivet production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Metal Rivet Exports

Exports in Africa

In 2022, shipments abroad of iron or steel rivets decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a slight shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal rivet exports reduced notably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 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 failed to regain momentum.

Exports by Country

South Africa represented the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Mauritius (X tons), comprising a X% share of total exports. Tunisia (X tons) and Nigeria (X tons) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Nigeria (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Mauritius (X p.p.), Tunisia (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

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

In South Africa, metal rivet exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by 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 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Metal Rivet Imports

Imports in Africa

In 2022, approx. X tons of iron or steel rivets were imported in Africa; growing by X% on the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, metal rivet imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of metal rivet imports in 2022 were South Africa (X tons), Kenya (X tons), Morocco (X tons), Democratic Republic of the Congo (X tons), Algeria (X tons), Egypt (X tons), Ethiopia (X tons), Mozambique (X tons), Nigeria (X tons), Ghana (X tons), Angola (X tons) and Tanzania (X tons), together reaching X% of total import. Zimbabwe (X tons) took a little share of total imports.

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

In value terms, the largest metal rivet importing markets in Africa were Morocco ($X), South Africa ($X) and Egypt ($X), with a combined X% share of total imports. Kenya, Democratic Republic of the Congo, Angola, Algeria, Ethiopia, Ghana, Tanzania, Nigeria, Zimbabwe and Mozambique lagged somewhat behind, together comprising a further X%.

Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 ton, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 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 Morocco ($X per ton), while Mozambique ($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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