Africa: Aluminum Market 2024

Aluminum Market Size in Africa

The African aluminum market shrank slightly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, continues to indicate a slight decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Aluminum Production in Africa

In value terms, aluminum production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Aluminum Exports

Exports in Africa

For the seventh year in a row, Africa recorded growth in overseas shipments of aluminum and alloys, which increased by X% to X tons in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, aluminum exports skyrocketed to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Mozambique prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Africa (X tons), constituting a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

Mozambique was also the fastest-growing in terms of the aluminum and alloys exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) and South Africa (X%) displayed positive paces of growth. While the share of Mozambique (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, the largest aluminum supplying countries in Africa were Mozambique ($X), South Africa ($X) and Nigeria ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Mozambique, 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 ton in 2022, waning by X% against the previous year. In general, the export price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 a decrease of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Aluminum Imports

Imports in Africa

In 2022, aluminum imports in Africa reached X tons, rising by X% on the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminum imports surged to $X in 2022. Total imports indicated a pronounced increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Morocco represented the largest importing country with an import of about X tons, which reached X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%), Tunisia (X%), Algeria (X%) and Egypt (X%). Kenya (X tons) held a little share of total imports.

Morocco was also the fastest-growing in terms of the aluminum and alloys imports, with a CAGR of X% from 2012 to 2022. At the same time, Algeria (X%), Nigeria (X%), Egypt (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Kenya (X%) and South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Nigeria, Algeria and Egypt 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, Morocco ($X) constitutes the largest market for imported aluminum and alloys in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Tunisia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Morocco amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Tunisia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded pronounced growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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