Africa: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Africa

The African metal stud-link chain market amounted to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Stud-Link Chain Production in Africa

In value terms, metal stud-link chain production dropped to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Metal Stud-Link Chain Exports

Exports in Africa

In 2023, after three years of growth, there was significant decline in overseas shipments of iron/steel stud-link chain, when their volume decreased by X% to X tons. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal stud-link chain exports shrank sharply to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank rapidly in the following year.

Exports by Country

Congo (X tons) and South Africa (X tons) prevails in exports structure, together generating X% of total exports. It was distantly followed by Uganda (X tons), mixing up a X% share of total exports. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uganda (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Congo ($X), South Africa ($X) and Namibia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Uganda lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Uganda, 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 more modest paces of growth.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Congo ($X per ton), while Uganda ($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 mixed trends in the export price figures.

Metal Stud-Link Chain Imports

Imports in Africa

In 2023, metal stud-link chain imports in Africa dropped slightly to X tons, which is down by X% compared with the year before. In general, imports saw a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, metal stud-link chain imports stood at $X in 2023. Overall, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Liberia was the major importing country with an import of about X tons, which recorded X% of total imports. Equatorial Guinea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%). The following importers - Guinea (X tons), South Africa (X tons), Libya (X tons), Algeria (X tons), Cote d'Ivoire (X tons), Angola (X tons), Somalia (X tons), Egypt (X tons), Ghana (X tons) and Senegal (X tons) - together made up X% of total imports.

Imports into Liberia increased at an average annual rate of X% from 2012 to 2023. At the same time, Guinea (X%), Equatorial Guinea (X%), Somalia (X%), Algeria (X%), Cote d'Ivoire (X%), Senegal (X%), Nigeria (X%), Angola (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Libya experienced a relatively flat trend pattern. By contrast, Egypt (X%) and South Africa (X%) illustrated a downward trend over the same period. Liberia (X p.p.), Equatorial Guinea (X p.p.), Nigeria (X p.p.), Guinea (X p.p.), Algeria (X p.p.), Cote d'Ivoire (X p.p.), Somalia (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X), Nigeria ($X) and Equatorial Guinea ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Libya, Algeria, Angola, Guinea, Cote d'Ivoire, South Africa, Egypt, Ghana, Senegal and Somalia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guinea, 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

The import price in Africa stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the import prices remained at a lower figure.

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 Libya ($X per ton), while Liberia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform