Africa: Electrical Insulating Fittings Market 2024

Electrical Insulating Fittings Market Size in Africa

The African electrical insulating fittings market amounted to $X in 2022, stabilizing at the previous year. The total consumption indicated strong growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Electrical Insulating Fittings Production in Africa

In value terms, electrical insulating fittings production stood at $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electrical Insulating Fittings Exports

Exports in Africa

For the third year in a row, Africa recorded decline in shipments abroad of electrical insulating fittings of plastics, which decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electrical insulating fittings exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Morocco was the major exporter of electrical insulating fittings of plastics in Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X tons), making up a X% share of total exports.

Morocco was also the fastest-growing in terms of the electrical insulating fittings of plastics exports, with a CAGR of X% from 2012 to 2022. South Africa experienced a relatively flat trend pattern. Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest electrical insulating fittings supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

In Morocco, electrical insulating fittings exports expanded at 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, waning by X% against the previous year. Overall, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while South Africa 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%).

Electrical Insulating Fittings Imports

Imports in Africa

Electrical insulating fittings imports shrank to X tons in 2022, reducing by X% on 2021 figures. Total imports indicated a mild increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. 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 tons, and then declined in the following year.

In value terms, electrical insulating fittings imports shrank to $X in 2022. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the largest importer of electrical insulating fittings of plastics in Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Tunisia (X tons), Morocco (X tons) and South Africa (X tons), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electrical insulating fittings imports into Nigeria stood at X%. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.) and Tunisia (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X), Tunisia ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nigeria lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Nigeria, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Morocco ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform