Africa: Coated Arc-Welding Electrode Market 2024

Coated Arc-Welding Electrode Market Size in Africa

The African coated arc-welding electrode market reduced to $X in 2023, declining by X% against the previous year. Overall, consumption, however, saw a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Coated Arc-Welding Electrode Production in Africa

In value terms, coated arc-welding electrode production amounted to $X in 2023 estimated in export price. Overall, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Coated Arc-Welding Electrode Exports

Exports in Africa

In 2023, the amount of coated base metal electrodes for electric arc-welding exported in Africa fell slightly to X tons, leveling off at 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then declined slightly in the following year.

In value terms, coated arc-welding electrode exports declined to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. The following exporters - Morocco (X tons), Kenya (X tons), Egypt (X tons), Uganda (X tons) and Rwanda (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to coated arc-welding electrode exports from South Africa stood at X%. At the same time, Rwanda (X%), Uganda (X%) and Egypt (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. Kenya experienced a relatively flat trend pattern. By contrast, Morocco (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Uganda (X p.p.), Rwanda (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Morocco (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest coated arc-welding electrode supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In South Africa, coated arc-welding electrode 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: Egypt (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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 Egypt ($X per ton), while Rwanda ($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.

Coated Arc-Welding Electrode Imports

Imports in Africa

In 2023, the amount of coated base metal electrodes for electric arc-welding imported in Africa reached X tons, flattening at 2022 figures. 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 pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, coated arc-welding electrode imports dropped to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The countries with the highest levels of coated arc-welding electrode imports in 2023 were Ghana (X tons), Tanzania (X tons), Sudan (X tons), Nigeria (X tons), Kenya (X tons), South Africa (X tons), Niger (X tons), Angola (X tons), Guinea (X tons), Senegal (X tons), Libya (X tons) and Ethiopia (X tons), together finishing at X% of total import. Mali (X tons) took a little share of total imports.

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

In value terms, the largest coated arc-welding electrode importing markets in Africa were Ghana ($X), South Africa ($X) and Tanzania ($X), with a combined X% share of total imports. Angola, Libya, Nigeria, Kenya, Sudan, Guinea, Senegal, Ethiopia, Mali and Niger lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Mali, 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

In 2023, the import price in Africa amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Libya ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform