Africa: Iron Household Articles Market 2024

Iron Household Articles Market Size in Africa

The African iron household articles market reached $X in 2023, remaining stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Iron Household Articles Production in Africa

In value terms, iron household articles production shrank slightly to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Iron Household Articles Exports

Exports in Africa

Iron household articles exports shrank to X tons in 2023, waning by X% against the previous year. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, iron household articles exports shrank to $X in 2023. In general, exports showed a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. Rwanda (X tons) held the second position in the ranking, followed by Kenya (X tons) and Cote d'Ivoire (X tons). All these countries together held near X% share of total exports. Tunisia (X tons), Tanzania (X tons), Uganda (X tons), Cameroon (X tons), Ethiopia (X tons) and Ghana (X tons) held a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Rwanda (X%), Cote d'Ivoire (X%), Cameroon (X%), Kenya (X%), Ethiopia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, Tanzania (X%), Uganda (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Rwanda, Kenya, Cote d'Ivoire, Tunisia, Tanzania and Cameroon increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest iron household articles supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

In South Africa, iron household articles exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kenya (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, reducing by X% against the previous year. Export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron household articles export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Iron Household Articles Imports

Imports in Africa

In 2023, purchases abroad of table, kitchen or household articles and parts of iron decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. Total imports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then reduced in the following year.

In value terms, iron household articles imports stood at $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Nigeria (X tons) was the key importer of table, kitchen or household articles and parts of iron, generating X% of total imports. South Africa (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%), Libya (X%) and Algeria (X%). The following importers - Tanzania (X tons), Democratic Republic of the Congo (X tons), Kenya (X tons), Senegal (X tons), Burkina Faso (X tons), Cameroon (X tons), Sudan (X tons) and Djibouti (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Tanzania (X%), Democratic Republic of the Congo (X%), Morocco (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Cameroon (X%), Burkina Faso (X%), Algeria (X%), Kenya (X%), Libya (X%), Sudan (X%) and Djibouti (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Tanzania (X p.p.), Democratic Republic of the Congo (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Algeria (X p.p.), Kenya (X p.p.), Sudan (X p.p.), Djibouti (X p.p.) and Libya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron household articles importing markets in Africa were Nigeria ($X), Libya ($X) and Algeria ($X), with a combined X% share of total imports. Morocco, South Africa, Cameroon, Sudan, Senegal, Djibouti, Democratic Republic of the Congo, Kenya, Tanzania and Burkina Faso lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, 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 Cameroon ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform