Africa: Hand Stamp Market 2024

Hand Stamp Market Size in Africa

The African hand stamp market amounted to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Hand Stamp Production in Africa

In value terms, hand stamp production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Hand Stamp Exports

Exports in Africa

In 2022, shipments abroad of stamps for use in the hand increased by X% to X units, rising for the second year in a row after six years of decline. In general, exports, however, showed a mild descent. 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 attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the key exporter of stamps for use in the hand in Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Kenya (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Rwanda (X%).

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Kenya (X p.p.) and Rwanda (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest hand stamp supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports.

In South Africa, hand stamp exports shrank 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: Kenya (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Rwanda ($X per unit) 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 a decline in the export price figures.

Hand Stamp Imports

Imports in Africa

In 2022, hand stamp imports in Africa skyrocketed to X units, rising by X% on 2021. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand stamp imports fell to $X in 2022. The total import 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Nigeria represented the key importing country with an import of around X units, which finished at X% of total imports. Cameroon (X units) held the second position in the ranking, followed by Algeria (X units), South Africa (X units) and Morocco (X units). All these countries together took approx. X% share of total imports. Mozambique (X units), Libya (X units), Ethiopia (X units), Ghana (X units) and Senegal (X units) held a minor share of total imports.

Nigeria was also the fastest-growing in terms of the stamps for use in the hand imports, with a CAGR of X% from 2012 to 2022. At the same time, Cameroon (X%), Mozambique (X%), Libya (X%), Algeria (X%), Morocco (X%), Ghana (X%) and Ethiopia (X%) displayed positive paces of growth. By contrast, South Africa (X%) and Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Cameroon (X p.p.), Algeria (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Morocco, Ethiopia, Senegal and South Africa saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), South Africa ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Nigeria, Ghana, Libya, Mozambique, Ethiopia, Senegal and Cameroon lagged somewhat behind, together comprising a further X%.

Libya, 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

The import price in Africa stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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