Africa: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Africa

The African threaded metal articles market totaled $X in 2023, with an increase of 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 somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Threaded Metal Articles Production in Africa

In value terms, threaded metal articles production stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Threaded Metal Articles Exports

Exports in Africa

In 2023, the amount of threaded articles of iron or steel exported in Africa declined markedly to X tons, which is down by X% on 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, threaded metal articles exports declined to $X in 2023. Overall, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa represented the key exporter of threaded articles of iron or steel in Africa, with the volume of exports recording X tons, which was near X% of total exports in 2023. Morocco (X tons) ranks second in terms of the total exports with a X% share, followed by Zambia (X%). The following exporters - Kenya (X tons), Tanzania (X tons) and Namibia (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to threaded metal articles exports from South Africa stood at X%. At the same time, Tanzania (X%), Zambia (X%), Morocco (X%), Kenya (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Morocco, Zambia, Kenya and Tanzania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest threaded metal articles supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, threaded metal articles exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated a measured increase 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, threaded metal articles export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 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 South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Threaded Metal Articles Imports

Imports in Africa

Threaded metal articles imports declined to X tons in 2023, waning by X% compared with the previous year. The total import volume 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 growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, threaded metal articles imports shrank to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Algeria (X tons), Nigeria (X tons), South Africa (X tons), Morocco (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons), Angola (X tons), Egypt (X tons), Tunisia (X tons), Zimbabwe (X tons), Ethiopia (X tons) and Mozambique (X tons) represented roughly X% of total imports in 2023. Cote d'Ivoire (X tons) followed a long way behind the leaders.

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

In value terms, the largest threaded metal articles importing markets in Africa were Egypt ($X), Morocco ($X) and Algeria ($X), with a combined X% share of total imports. South Africa, Nigeria, Tunisia, Democratic Republic of the Congo, Angola, Mozambique, Cote d'Ivoire, Ethiopia, Tanzania and Zimbabwe lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded 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, reducing by X% against the previous year. Overall, the import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 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 Egypt ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform