SADC: Aluminium Alloy Wire Market 2024

Aluminium Alloy Wire Market Size in SADC

In 2022, the SADC aluminium alloy wire market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aluminium Alloy Wire Production in SADC

In value terms, aluminium alloy wire production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Aluminium Alloy Wire Exports

Exports in SADC

In 2022, the amount of aluminium alloy wire exported in SADC shrank to X tons, with a decrease of X% on 2021 figures. Overall, exports, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium alloy wire exports shrank to $X in 2022. Total exports indicated a modest expansion 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania represented the key exporter of aluminium alloy wire in SADC, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Zambia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (X%). Mozambique (X tons) took a minor share of total exports.

Tanzania was also the fastest-growing in terms of the aluminium alloy wire exports, with a CAGR of X% from 2012 to 2022. At the same time, Zambia (X%) displayed positive paces of growth. By contrast, South Africa (X%) and Mozambique (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania and Zambia increased by X and X percentage points, respectively.

In value terms, Zambia ($X), South Africa ($X) and Tanzania ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Zambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) 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 more modest paces of growth.

Aluminium Alloy Wire Imports

Imports in SADC

In 2022, purchases abroad of aluminium alloy wire decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, aluminium alloy wire imports surged to $X in 2022. Overall, imports, however, showed a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Tanzania represented the major importer of aluminium alloy wire in SADC, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Africa (X tons), comprising a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of X%).

In value terms, South Africa ($X) constitutes the largest market for imported aluminium alloy wire in SADC, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The level of import peaked at $X per ton in 2013; however, from 2014 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 South Africa ($X per ton), while Tanzania totaled $X per ton.

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

Source: IndexBox Platform

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