Africa: Prepared Binders Market 2024

Prepared Binders Market Size in Africa

For the third year in a row, the African prepared binders market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a prominent increase. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Prepared Binders Production in Africa

In value terms, prepared binders production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Prepared Binders Exports

Exports in Africa

In 2022, shipments abroad of prepared binders for foundry moulds or cores decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, prepared binders exports rose slightly to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

South Africa represented the largest exporter of prepared binders for foundry moulds or cores in Africa, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Swaziland (X tons), generating a X% share of total exports. Egypt (X tons) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Swaziland (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Swaziland (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest prepared binders supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Swaziland ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Swaziland (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. Export price indicated a measured 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, prepared binders export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Swaziland ($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 mixed trends in the export price figures.

Prepared Binders Imports

Imports in Africa

In 2022, imports of prepared binders for foundry moulds or cores in Africa skyrocketed to X tons, picking up by X% against the previous year. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, prepared binders imports skyrocketed to $X in 2022. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt was the largest importer of prepared binders for foundry moulds or cores in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. South Africa (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Democratic Republic of the Congo (X%) and Tunisia (X%). The following importers - Ghana (X tons), Morocco (X tons), Angola (X tons), Nigeria (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 prepared binders imports into Egypt stood at X%. At the same time, Angola (X%), Madagascar (X%), Democratic Republic of the Congo (X%), Ghana (X%), Nigeria (X%), Tunisia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. From 2012 to 2022, the share of Egypt, Democratic Republic of the Congo, Ghana and Angola 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, Egypt ($X) constitutes the largest market for imported prepared binders for foundry moulds or cores in Africa, comprising X% of total imports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by South Africa, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt stood at X%. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (X% per year) and South Africa (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Democratic Republic of the Congo ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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