Africa: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Africa

The African metal self-tapping screw market fell slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Tapping Screw Production in Africa

In value terms, metal self-tapping screw production declined to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Metal Self-Tapping Screw Exports

Exports in Africa

In 2022, approx. X tons of iron or steel self-tapping screws were exported in Africa; surging by X% against 2021. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal self-tapping screw exports surged to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Egypt (X tons) held the second position in the ranking, followed by Namibia (X tons). All these countries together held near X% share of total exports. Morocco (X tons) and Tunisia (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 self-tapping screws. At the same time, Namibia (X%), Tunisia (X%), Morocco (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Egypt (X p.p.), Namibia (X p.p.), Morocco (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal self-tapping screw supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Egypt ($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: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, metal self-tapping screw export price increased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Morocco ($X per ton), while Tunisia ($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 more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports in Africa

Metal self-tapping screw imports fell to X tons in 2022, approximately equating the previous year's figure. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, metal self-tapping screw imports totaled $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

South Africa represented the largest importer of iron or steel self-tapping screws in Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Algeria (X tons), creating a X% share of total imports. Libya (X tons), Angola (X tons), Morocco (X tons), Egypt (X tons), Ghana (X tons), Tunisia (X tons), Sudan (X tons), Tanzania (X tons) and Nigeria (X tons) held a relatively small share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Nigeria (X%), Morocco (X%), Ghana (X%), Sudan (X%), Libya (X%), Egypt (X%), Tanzania (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Angola experienced a relatively flat trend pattern. While the share of Algeria (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel self-tapping screws in Africa, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with an X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, 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 Sudan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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