Africa: Stainless Steel Nut Market 2020

Stainless Steel Nut Market Size in Africa

The revenue of the stainless steel nut market in Africa amounted to $X in 2017, picking up by X% against the previous year. The total market indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012, when it surged by X% against the previous year. Over the period under review, the stainless steel nut market reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Stainless Steel Nut Production in Africa

In 2017, approx. X tons of stainless steel nuts were produced in Africa; leveling off at the previous year. The stainless steel nut production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Over the period under review, the stainless steel nut production reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Stainless Steel Nut Exports in Africa

In 2017, stainless steel nut exports in Africa amounted to X tons, lowering by -X% against the previous year. The total exports indicated a measured growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Over the period under review, the stainless steel nut exports reached its peak figure volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, stainless steel nut exports stood at $X in 2017. The stainless steel nut exports continue to indicate a prominent increase. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Stainless Steel Nut Exports by Country in Africa

In 2017, South Africa (X tons) represented the main exporter for stainless steel nuts, constituting X% of total exports. It was distantly followed by Morocco (X tons), generating X% share of total exports.

Exports from South Africa increased at an average annual rate of +X% from 2007 to 2017. At the same time, Morocco (+X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. South Africa (-X%) and Morocco (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest stainless steel nut supplier in Africa, making up X% of global exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of global exports.

In South Africa, stainless steel nut exports increased at an average annual rate of +X% over the period from 2007-2017.

Stainless Steel Nut Export Prices by Country in Africa

The stainless steel nut export price in Africa stood at $X per ton in 2017, rising by X% against the previous year. The export price indicated a tangible expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the stainless steel nut export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2012, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was South Africa ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Africa (+X% per year).

Stainless Steel Nut Imports in Africa

In 2017, stainless steel nut imports in Africa totaled X tons, coming up by X% against the previous year. The stainless steel nut imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. The volume of imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, stainless steel nut imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Stainless Steel Nut Imports by Country in Africa

In 2017, Morocco (X tons) and South Africa (X tons) were the major importers of stainless steel nuts in the globe, together comprising X% of total imports. It was distantly followed by Egypt (X tons), Algeria (X tons) and Libya (X tons), together constituting X% share of total imports. Kenya (X tons), Tunisia (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Libya (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel nut markets worldwide were South Africa ($X), Morocco ($X) and Algeria ($X), together comprising X% of total imports.

Among the main importing countries , Morocco (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Stainless Steel Nut Import Prices by Country in Africa

In 2017, the stainless steel nut import price in Africa amounted to $X per ton, going down by -X% against the previous year. The stainless steel nut import price continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2014, when the import prices increased by -X% against the previous year. Over the period under review, the import prices for stainless steel nuts attained its maximum level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Angola ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kenya (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform