Africa: Nail And Bolt Market 2024

Nail And Bolt Market Size in Africa

In 2022, the African nail and bolt market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Nail And Bolt Production in Africa

In value terms, nail and bolt production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Nail And Bolt Exports

Exports in Africa

Nail and bolt exports soared to X tons in 2022, with an increase of X% compared with the previous year. Total exports indicated a resilient 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, nail and bolt exports reached $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X tons), distantly followed by Kenya (X tons), Egypt (X tons), Uganda (X tons) and Angola (X tons) were the key exporters of nails, tacks, staples, screws and bolts, together creating X% of total exports. Cameroon (X tons), Cote d'Ivoire (X tons), Rwanda (X tons), Tanzania (X tons), Benin (X tons) and Zambia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Rwanda (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In South Africa, nail and bolt exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kenya (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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.

Nail And Bolt Imports

Imports in Africa

Nail and bolt imports expanded rapidly to X tons in 2022, picking up by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, nail and bolt imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Ghana (X tons), Tanzania (X tons), Algeria (X tons), Morocco (X tons), Democratic Republic of the Congo (X tons) and Nigeria (X tons) represented the key importers of nails, tacks, staples, screws and bolts, together constituting X% of total imports. The following importers - Egypt (X tons), Angola (X tons), Zimbabwe (X tons), Ethiopia (X tons), Burkina Faso (X tons) and Madagascar (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to nail and bolt imports into South Africa stood at X%. At the same time, Burkina Faso (X%), Democratic Republic of the Congo (X%), Ethiopia (X%), Madagascar (X%), Morocco (X%), Ghana (X%), Zimbabwe (X%), Algeria (X%) and Tanzania (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, Nigeria (X%), Angola (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Democratic Republic of the Congo (X p.p.), Ghana (X p.p.), Morocco (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.), Nigeria (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, Democratic Republic of the Congo, Ghana, Nigeria, Angola, Tanzania, Zimbabwe, Ethiopia, Madagascar and Burkina Faso lagged somewhat behind, together comprising a further X%.

Ethiopia, 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, dropping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum 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 Egypt ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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