Africa: Copper Screw Market 2024

Copper Screw Market Size in Africa

The African copper screw market amounted to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2023 and is likely to see steady growth in the immediate term.

Copper Screw Production in Africa

In value terms, copper screw production totaled $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Copper Screw Exports

Exports in Africa

In 2023, overseas shipments of copper screws, bolts and nuts increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, copper screw exports skyrocketed to $X in 2023. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in years to come.

Exports by Country

In 2023, South Africa (X tons) represented the main exporter of copper screws, bolts and nuts, achieving X% of total exports. It was distantly followed by Zambia (X tons) and Namibia (X tons), together creating a X% share of total exports. The following exporters - Ghana (X tons), Benin (X tons), Algeria (X tons) and Tanzania (X tons) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%), Tanzania (X%), Algeria (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Benin experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. Zambia (X p.p.), Namibia (X p.p.), Benin (X p.p.), Tanzania (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa and Ghana saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest copper screw supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports. It was followed by Namibia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, 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 Namibia ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Copper Screw Imports

Imports in Africa

In 2023, the amount of copper screws, bolts and nuts imported in Africa stood at X tons, surging by X% against 2022. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, copper screw imports soared to $X in 2023. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Zambia (X tons), South Africa (X tons), Tanzania (X tons) and Namibia (X tons), together comprising a X% share of total imports. The following importers - Tunisia (X tons), Botswana (X tons), Togo (X tons), Burkina Faso (X tons) and Mozambique (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) constitutes the largest market for imported copper screws, bolts and nuts in Africa, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by South Africa, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Tunisia amounted to X%. In the other countries, the average annual rates were as follows: Namibia (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Tunisia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform