Africa: Market for Process Control, Gate, Globe and Other Valves 2024

Market Size for Process Control, Gate, Globe and Other Valves in Africa

After ten years of growth, the African market for process control, gate, globe and other valves decreased by X% to $X in 2022. The total consumption indicated prominent growth 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, consumption increased by X% against 2012 indices. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Production of Process Control, Gate, Globe and Other Valves in Africa

In value terms, production of process control, gate, globe and other valves reduced to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Process Control, Gate, Globe and Other Valves

Exports in Africa

Exports of process control, gate, globe and other valves declined to X tons in 2022, remaining relatively unchanged against the previous year. Over the period under review, exports continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of process control, gate, globe and other valves stood at $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of process control, gate, globe and other valves in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Tunisia (X tons), making up a X% share of total exports. Morocco (X tons) held a little share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of process control, gate, globe and other valves. Tunisia (X%) and Morocco (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest process control, gate, globe and other valves supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports.

In South Africa, exports of process control, gate, globe and other valves plunged 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: Tunisia (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Imports of Process Control, Gate, Globe and Other Valves

Imports in Africa

In 2022, overseas purchases of process control, gate, globe and other valves increased by X% to X tons, rising for the seventh year in a row after two years of decline. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of process control, gate, globe and other valves amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importer of process control, gate, globe and other valves in Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Algeria (X tons) held the second position in the ranking, followed by South Africa (X tons) and Morocco (X tons). All these countries together held approx. X% share of total imports. Cote d'Ivoire (X tons), Libya (X tons), Egypt (X tons), Angola (X tons), Senegal (X tons) and Ghana (X tons) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the process control, gate, globe and other valves imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Senegal (X%), Algeria (X%), Morocco (X%), Ghana (X%) and Libya (X%) displayed positive paces of growth. South Africa experienced a relatively flat trend pattern. By contrast, Angola (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.), Libya (X p.p.), Algeria (X p.p.), Angola (X p.p.), South Africa (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, Nigeria ($X), Algeria ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Morocco, Angola, Libya, Senegal, Ghana and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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