Africa: Base Metal Closure Market 2024

Base Metal Closure Market Size in Africa

The African base metal closure market stood at $X in 2022, surging by X% against the previous year. The total consumption indicated a notable 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Base Metal Closure Production in Africa

In value terms, base metal closure production declined to $X in 2022 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Base Metal Closure Exports

Exports in Africa

In 2022, shipments abroad of base metal closures, stoppers, caps and lids increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a perceptible increase 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 was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal closure exports surged to $X in 2022. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X tons), comprising a X% share of total exports. The following exporters - Morocco (X tons), Tanzania (X tons), Kenya (X tons), Rwanda (X tons) and Egypt (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal closure exports from South Africa stood at X%. At the same time, Rwanda (X%), Nigeria (X%), Tanzania (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) and Morocco (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Rwanda (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) and 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 ($X) remains the largest base metal closure supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In South Africa, base metal closure exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, jumping by 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 closure export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Base Metal Closure Imports

Imports in Africa

Base metal closure imports expanded slightly to X tons in 2022, surging by X% on the previous year. Total imports indicated noticeable growth 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, base metal closure imports soared to $X in 2022. Total imports indicated measured growth 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The countries with the highest levels of base metal closure imports in 2022 were Morocco (X tons), Egypt (X tons), South Africa (X tons), Tunisia (X tons), Ghana (X tons) and Nigeria (X tons), together finishing at X% of total import. It was distantly followed by Algeria (X tons), making up a X% share of total imports. The following importers - Seychelles (X tons), Cote d'Ivoire (X tons), Mauritius (X tons), Kenya (X tons), Angola (X tons) and Madagascar (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nigeria, Tunisia, Ghana, Algeria, Seychelles, Cote d'Ivoire, Angola, Mauritius, Madagascar and Kenya lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, increasing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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