Africa: Base Metal Hook Market 2024

Base Metal Hook Market Size in Africa

The African base metal hook market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Base Metal Hook Production in Africa

In value terms, base metal hook production fell to $X in 2022 estimated in export price. In general, production showed a mild descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Base Metal Hook Exports

Exports in Africa

Base metal hook exports soared to X tons in 2022, rising by X% compared with the year before. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, base metal hook exports contracted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, South Africa (X tons) represented the major exporter of base metal hooks, eyes and eyelets, comprising X% of total exports. It was distantly followed by Tunisia (X tons), generating a X% share of total exports. Rwanda (X tons) took a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Rwanda experienced a relatively flat trend pattern. From 2012 to 2022, the share of Tunisia and Rwanda increased by X and X percentage points, respectively.

In value terms, Tunisia ($X), South Africa ($X) and Rwanda ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Rwanda, with a CAGR of X%, recorded 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 2022, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (X%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Hook Imports

Imports in Africa

In 2022, overseas purchases of base metal hooks, eyes and eyelets decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal hook imports shrank slightly to $X in 2022. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and South Africa (X tons) represented the largest importers of base metal hooks, eyes and eyelets in 2022, recording near X% and X% of total imports, respectively. Zambia (X tons) ranks next in terms of the total imports with a X% share, followed by Kenya (X%) and Tunisia (X%). The following importers - Algeria (X tons), Ethiopia (X tons), Ghana (X tons), Morocco (X tons), Tanzania (X tons), Djibouti (X tons), Angola (X tons) and Democratic Republic of the Congo (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Zambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Morocco ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kenya, Nigeria, Algeria, Ghana, Djibouti, Zambia, Ethiopia, Tanzania, Angola and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2022, growing by X% against the previous year. Overall, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform