Africa: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Africa

The African metal screw hook market rose slightly to $X in 2022, increasing by 2.2% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Screw Hook Production in Africa

In value terms, metal screw hook production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 27% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Metal Screw Hook Exports

Exports in Africa

In 2022, exports of iron or steel screw hooks and screw rings in Africa stood at X tons, remaining relatively unchanged against the previous year's figure. In general, exports, however, continue to indicate a mild decline. The growth pace was the most rapid in 2013 with an increase of 70% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal screw hook exports fell to $X in 2022. Over the period under review, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 22%. 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 key exporter of iron or steel screw hooks and screw rings in Africa, with the volume of exports resulting at X tons, which was near 49% of total exports in 2022. It was distantly followed by Egypt (X tons), Tunisia (X tons) and Burkina Faso (X tons), together comprising a 36% share of total exports. Zambia (X tons), Morocco (X tons) and Namibia (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of iron or steel screw hooks and screw rings. At the same time, Morocco (+23.2%), Zambia (+16.0%), Tunisia (+9.8%) and Egypt (+5.4%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +23.2% from 2012-2022. By contrast, Burkina Faso (-4.4%) and Namibia (-9.7%) illustrated a downward trend over the same period. South Africa (+8.5 p.p.), Tunisia (+8.1 p.p.), Egypt (+8 p.p.), Zambia (+3.5 p.p.) and Morocco (+2 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Namibia saw its share reduced by -2.7% and -3% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal screw hook supplier in Africa, comprising 57% of total exports. The second position in the ranking was held by Tunisia ($X), with a 23% share of total exports. It was followed by Egypt, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at -1.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (+11.2% per year) and Egypt (+3.0% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by -12.2% against the previous year. Overall, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 41%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Screw Hook Imports

Imports in Africa

Metal screw hook imports totaled X tons in 2022, picking up by 7.5% against the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 24%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports dropped to $X in 2022. In general, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Niger (X tons), followed by Morocco (X tons), South Africa (X tons), Nigeria (X tons), Tanzania (X tons), Tunisia (X tons), Ethiopia (X tons) and Rwanda (X tons) represented the largest importers of iron or steel screw hooks and screw rings, together creating 64% of total imports. Libya (X tons), Swaziland (X tons), Sudan (X tons), Ghana (X tons) and Algeria (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook importing markets in Africa were Morocco ($X), South Africa ($X) and Tanzania ($X), with a combined 36% share of total imports. Ethiopia, Tunisia, Nigeria, Libya, Sudan, Niger, Algeria, Swaziland, Ghana and Rwanda lagged somewhat behind, together comprising a further 41%.

Ethiopia, with a CAGR of +21.7%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Africa stood at $X per ton in 2022, declining by -18.8% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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