Africa: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in Africa

In 2022, the African metal welded link chain market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Welded Link Chain Of Iron Or Steel in Africa

In value terms, metal welded link chain production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Welded Link Chain Of Iron Or Steel

Exports in Africa

In 2022, shipments abroad of welded link chain of iron or steel was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal welded link chain exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Zambia (X tons) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Zambia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal welded link chain supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, metal welded link chain exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. In general, the export price showed 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. Over the period under review, the export prices attained the maximum 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 South Africa ($X per ton), while Zambia amounted to $X per ton.

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

Imports of Welded Link Chain Of Iron Or Steel

Imports in Africa

In 2022, purchases abroad of welded link chain of iron or steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal welded link chain imports soared to $X in 2022. In general, imports recorded slight growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mauritania (X tons) represented the largest importer of welded link chain of iron or steel, creating X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Angola (X%). The following importers - Tunisia (X tons), Morocco (X tons), Egypt (X tons), Zambia (X tons) and Nigeria (X tons) - together made up X% of total imports.

Mauritania was also the fastest-growing in terms of the welded link chain of iron or steel imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Zambia (X%) and Morocco (X%) displayed positive paces of growth. Tunisia experienced a relatively flat trend pattern. By contrast, Egypt (X%), South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.), Angola (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) constitutes the largest market for imported welded link chain of iron or steel in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with an X% share of total imports. It was followed by Angola, with a X% share.

In Mauritania, metal welded link chain imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Angola (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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