Africa: Metal Wool Market 2024

Metal Wool Market Size in Africa

The African metal wool market reduced to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a slight increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Wool Production in Africa

In value terms, metal wool production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Metal Wool Exports

Exports in Africa

In 2022, metal wool exports in Africa declined slightly to X tons, flattening at 2021 figures. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal wool exports declined to $X in 2022. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt was the major exporter of iron or steel wool in Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), Kenya (X tons) and Togo (X tons), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal wool exports from Egypt stood at X%. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Kenya (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Kenya (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics.

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

In Egypt, metal wool exports shrank 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: South Africa (X% per year) and Kenya (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. 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 reached the peak figure at $X per ton in 2021, and then declined in the following year.

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

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

Metal Wool Imports

Imports in Africa

Metal wool imports expanded rapidly to X tons in 2022, picking up by X% against the year before. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, metal wool imports expanded modestly to $X in 2022. In general, imports continue to indicate a slight increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the major importer of iron or steel wool, comprising X% of total imports. Kenya (X tons) held the second position in the ranking, followed by Burkina Faso (X tons) and Ghana (X tons). All these countries together took approx. X% share of total imports. Sudan (X tons), Angola (X tons), Mozambique (X tons) and Morocco (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal wool imports into South Africa stood at X%. At the same time, Burkina Faso (X%), Mozambique (X%), Kenya (X%), Ghana (X%), Morocco (X%) and Sudan (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Burkina Faso, Kenya and Mozambique increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal wool importing markets in Africa were Ghana ($X), South Africa ($X) and Kenya ($X), with a combined X% share of total imports. Morocco, Sudan, Angola, Burkina Faso and Mozambique lagged somewhat behind, together accounting for a further X%.

Burkina Faso, 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

The import price in Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform