Africa: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Africa

The African market for ribbed or other deformed wire rod of non-alloy steel expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption saw resilient growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Africa

In value terms, deformed non-alloy steel wire rod production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports in Africa

In 2022, overseas shipments of ribbed or other deformed wire rod of non-alloy steel increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria represented the key exporter of ribbed or other deformed wire rod of non-alloy steel in Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Egypt (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kenya (X%) and South Africa (X%). Zambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest deformed non-alloy steel wire rod supplying countries in Africa were Algeria ($X), Egypt ($X) and South Africa ($X), with a combined X% share of total exports. Kenya and Zambia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Zambia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated notable growth 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, deformed non-alloy steel wire rod export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Algeria ($X per ton) and Zambia ($X per ton), while Kenya ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports in Africa

For the third year in a row, Africa recorded decline in supplies from abroad of ribbed or other deformed wire rod of non-alloy steel, which decreased by X% to X tons in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, deformed non-alloy steel wire rod imports contracted dramatically to $X in 2022. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Tanzania (X tons), Algeria (X tons) and Guinea (X tons) was the key importer of ribbed or other deformed wire rod of non-alloy steel in Africa, making up X% of total import. It was distantly followed by Botswana (X tons), Djibouti (X tons), Angola (X tons), Uganda (X tons), Ethiopia (X tons) and Mauritius (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Guinea ($X) and Angola ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :