Africa: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Africa

The African concrete reinforcing wire rod market rose markedly to $X in 2021, growing by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Wire Rod Used For Concrete Reinforcing in Africa

In value terms, concrete reinforcing wire rod production surged to $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. 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 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in Africa

South Africa (X tons) constituted the country with the largest volume of concrete reinforcing wire rod production, comprising approx. X% of total volume. Moreover, concrete reinforcing wire rod production in South Africa exceeded the figures recorded by the second-largest producer, Egypt (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume in South Africa stood at +X%. In the other countries, the average annual rates were as follows: Egypt (-X% per year) and Nigeria (-X% per year).

Exports of Wire Rod Used For Concrete Reinforcing

Exports in Africa

In 2021, the amount of wire rod used for concrete reinforcing exported in Africa declined significantly to X tons, with a decrease of -X% against the previous year's figure. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, concrete reinforcing wire rod exports dropped to $X in 2021. In general, exports recorded a perceptible descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Egypt (X tons) was the major exporter of wire rod used for concrete reinforcing, comprising X% of total exports. South Africa (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%), Morocco (X%), Algeria (X%) and Benin (X%). The following exporters - Ghana (X tons) and Kenya (X tons) - each amounted to a X% share of total exports.

From 2012 to 2021, the biggest increases were in Morocco (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest concrete reinforcing wire rod supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with an X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-X% per year) and Senegal (+X% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Morocco ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+X%), while the other leaders experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports in Africa

Concrete reinforcing wire rod imports shrank to X tons in 2021, declining by -X% against 2020. Over the period under review, imports showed a mild slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, concrete reinforcing wire rod imports stood at $X in 2021. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Senegal (X tons), Morocco (X tons), Kenya (X tons), Cote d'Ivoire (X tons), Ghana (X tons), Burkina Faso (X tons), Tanzania (X tons), Egypt (X tons), Togo (X tons), Algeria (X tons), Libya (X tons) and Gambia (X tons) represented roughly X% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Gambia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing wire rod importing markets in Africa were Senegal ($X), Kenya ($X) and Morocco ($X), with a combined X% share of total imports. Burkina Faso, Ghana, Cote d'Ivoire, Togo, Tanzania, Egypt, Algeria, Libya and Gambia lagged somewhat behind, together comprising a further X the main importing countries, Tanzania, with a CAGR of +X%, recorded 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 2021, picking up by X% against the previous year. Overall, the import price, however, saw a slight descent. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Togo ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+X%), while the other leaders experienced more modest paces of growth.

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