Africa: Miscellaneous Ferro-Alloys Market 2024

Miscellaneous Ferro-Alloys Market Size in Africa

The African miscellaneous ferro-alloys market shrank slightly to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, recorded prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Miscellaneous Ferro-Alloys Production in Africa

In value terms, miscellaneous ferro-alloys production reached $X in 2023 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Miscellaneous Ferro-Alloys Exports

Exports in Africa

For the third year in a row, Africa recorded growth in shipments abroad of miscellaneous ferro-alloys, which increased by X% to X tons in 2023. Overall, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, miscellaneous ferro-alloys exports contracted markedly to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

In 2023, South Africa (X tons) was the largest exporter of miscellaneous ferro-alloys, comprising X% of total exports. Zimbabwe (X tons) held the second position in the ranking, followed by Democratic Republic of the Congo (X tons). All these countries together took approx. X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Zimbabwe (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. While the share of Zimbabwe (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest miscellaneous ferro-alloys supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, 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 Democratic Republic of the Congo ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Miscellaneous Ferro-Alloys Imports

Imports in Africa

Miscellaneous ferro-alloys imports shrank remarkably to X tons in 2023, declining by X% against the previous year. Overall, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, miscellaneous ferro-alloys imports reduced notably to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of miscellaneous ferro-alloys in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Egypt (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Lesotho (X%). Algeria (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to miscellaneous ferro-alloys imports into South Africa stood at X%. At the same time, Lesotho (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Lesotho increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported miscellaneous ferro-alloys in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Lesotho, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Lesotho (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price saw buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform