Africa: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Africa

The African ferro-alloys market reduced to $X in 2023, which is down by X% against the previous year. The total consumption indicated a mild 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. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Ferro-Alloys Production in Africa

In value terms, ferro-alloys production reached $X in 2023 estimated in export price. The total production indicated a perceptible expansion 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 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Ferro-Alloys Exports

Exports in Africa

In 2023, exports of ferro-alloys in Africa stood at X tons, increasing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-alloys exports expanded sharply to $X in 2023. Total exports indicated measured growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Zimbabwe (X tons), creating an X% share of total exports. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) and Zimbabwe (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. From 2012 to 2023, the share of Zimbabwe and Zambia increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest ferro-alloys supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with an X% share of total exports.

In South Africa, ferro-alloys exports expanded at 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: Zimbabwe (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($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.

Ferro-Alloys Imports

Imports in Africa

In 2023, supplies from abroad of ferro-alloys decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, ferro-alloys imports fell remarkably to $X in 2023. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank notably in the following year.

Imports by Country

Egypt represented the main importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Algeria (X tons), South Africa (X tons) and Nigeria (X tons), together constituting a X% share of total imports. The following importers - Morocco (X tons), Libya (X tons), Ghana (X tons), Zimbabwe (X tons), Botswana (X tons) and Angola (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-alloys imports into Egypt stood at X%. At the same time, Algeria (X%), Ghana (X%), Angola (X%), Libya (X%), Zimbabwe (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Nigeria, South Africa and Botswana experienced a relatively flat trend pattern. From 2012 to 2023, the share of Egypt and Algeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Algeria, with a CAGR of X%, saw the highest rates of growth with regard to 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, shrinking by 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 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Botswana ($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 more modest paces of growth.

Source: IndexBox Platform