Africa: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in Africa

The African iron or steel towers market skyrocketed to $X in 2023, growing by X% against the previous year. The market value 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Towers And Lattice Masts in Africa

In value terms, iron or steel towers production expanded rapidly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in Africa

In 2023, overseas shipments of iron or steel towers and lattice masts decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, iron or steel towers exports rose rapidly to $X in 2023. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Egypt (X tons), Morocco (X tons), South Africa (X tons) and Tunisia (X tons) represented the key exporter of iron or steel towers and lattice masts in Africa, creating X% of total export. Kenya (X tons) took a relatively small 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 Morocco (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Egypt ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Morocco, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2023.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Egypt ($X per ton) and South Africa ($X per ton), while Tunisia ($X per ton) and Kenya ($X per ton) were 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 mixed trends in the export price figures.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in Africa

In 2023, approx. X tons of iron or steel towers and lattice masts were imported in Africa; jumping by X% compared with the previous year. Total imports indicated a perceptible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2021 indices. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, iron or steel towers imports soared to $X in 2023. Over the period under review, imports enjoyed noticeable growth. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Morocco (X tons) was the main importer of iron or steel towers and lattice masts, creating X% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%) and Burkina Faso (X%). Mozambique (X tons), Kenya (X tons), Uganda (X tons), Benin (X tons), Democratic Republic of the Congo (X tons), Senegal (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Angola (X tons) held a relatively small share of total imports.

Morocco was also the fastest-growing in terms of the iron or steel towers and lattice masts imports, with a CAGR of X% from 2012 to 2023. At the same time, Benin (X%), Cote d'Ivoire (X%), Tanzania (X%), Senegal (X%), Uganda (X%), Mozambique (X%), Burkina Faso (X%), Democratic Republic of the Congo (X%) and Kenya (X%) displayed positive paces of growth. Angola experienced a relatively flat trend pattern. By contrast, Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Tanzania (X p.p.), Burkina Faso (X p.p.), Mozambique (X p.p.), Benin (X p.p.), Cote d'Ivoire (X p.p.), Uganda (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported iron or steel towers and lattice masts in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Morocco, iron or steel towers imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Uganda ($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