Africa: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Africa

The African iron or steel can market contracted to $X in 2023, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Iron or Steel Cans in Africa

In value terms, iron or steel can production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Exports of Iron or Steel Cans

Exports in Africa

Iron or steel can exports was estimated at X units in 2023, surging by X% compared with 2022. Overall, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, iron or steel can exports dropped to $X in 2023. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X units) was the major exporter of iron or steel cans, generating X% of total exports. Cote d'Ivoire (X units) took the second position in the ranking, followed by Tunisia (X units), Benin (X units) and Egypt (X units). All these countries together took near X% share of total exports. Morocco (X units) and Senegal (X units) took a minor share of total exports.

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

In value terms, Tunisia ($X), South Africa ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Egypt, Morocco, Benin and Senegal lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Benin, with a CAGR of X%, saw the highest growth rate of 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

The export price in Africa stood at $X per thousand units in 2023, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per thousand units in 2022, and then declined in the following year.

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 Morocco ($X per thousand units), while Benin ($X per thousand units) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Iron or Steel Cans

Imports in Africa

In 2023, the amount of iron or steel cans imported in Africa reduced to X units, which is down by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, iron or steel can imports contracted to $X in 2023. In general, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Algeria (X units) and Morocco (X units) were the main importers of iron or steel cans in 2023, amounting to near X% and X% of total imports, respectively. Seychelles (X units) held the next position in the ranking, followed by Egypt (X units), Libya (X units) and Ethiopia (X units). All these countries together took approx. X% share of total imports. The following importers - Zimbabwe (X units), Madagascar (X units), Ghana (X units), Benin (X units), Senegal (X units), Swaziland (X units) and Tunisia (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel can importing markets in Africa were Algeria ($X), Morocco ($X) and Seychelles ($X), with a combined X% share of total imports. Egypt, Libya, Madagascar, Ethiopia, Ghana, Senegal, Tunisia, Zimbabwe, Swaziland and Benin lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ghana, 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 thousand units in 2023, shrinking by X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price 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, iron or steel can import price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per thousand units, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Madagascar ($X per thousand units), while Benin ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform