Africa: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Africa

The African market for tube or pipe fittings (of iron or steel) amounted to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Africa

In value terms, iron or steel tube fitting production shrank to $X in 2022 estimated in export price. The total production indicated a perceptible increase 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in Africa

In 2022, overseas shipments of tube or pipe fittings (of iron or steel) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, iron or steel tube fitting exports amounted to $X in 2022. Over the period under review, exports, however, recorded a perceptible decline. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Tunisia (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel tube fitting exports from South Africa stood at X%. At the same time, Tunisia (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest iron or steel tube fitting supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports.

In South Africa, iron or steel tube fitting exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%).

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in Africa

In 2022, supplies from abroad of tube or pipe fittings (of iron or steel) increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume 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. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iron or steel tube fitting imports expanded sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a slight decline. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa (X tons) and Nigeria (X tons) were the largest importers of tube or pipe fittings (of iron or steel) in 2022, accounting for approx. X% and X% of total imports, respectively. Angola (X tons) ranks next in terms of the total imports with a X% share, followed by Egypt (X%), Mozambique (X%), Algeria (X%) and Morocco (X%). The following importers - Democratic Republic of the Congo (X tons), Tanzania (X tons), Botswana (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Kenya (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel tube fitting importing markets in Africa were South Africa ($X), Egypt ($X) and Algeria ($X), together accounting for X% of total imports. Nigeria, Angola, Morocco, Democratic Republic of the Congo, Cote d'Ivoire, Tanzania, Botswana, Mozambique, Senegal and Kenya lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to 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 ton in 2022, which is down by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Algeria ($X per ton), while Mozambique ($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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