Africa's Flat-Rolled Steel Coils Market to Witness Slight Growth with +0.5% CAGR over the Next Decade - News and Statistics - IndexBox

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IndexBox has just published a new report: Africa - Flat-Rolled Steel in Coils - Market Analysis, Forecast, Size, Trends And Insights.

The African market for flat-rolled steel coils is expected to see a rise in demand, with a slight increase in performance forecasted for the period from 2024 to 2035. The market volume is projected to reach 9.9M tons by the end of 2035, with a value of $9.3B (in nominal wholesale prices). Anticipated CAGRs of +0.5% in volume and +2.0% in value are expected over the forecast period.

Driven by rising demand for flat-rolled steel coils in Africa, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 9.9M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market value to $9.3B (in nominal wholesale prices) by the end of 2035.

After four years of decline, consumption of flat-rolled steel in coils increased by 14% to 9.3M tons in 2024. Overall, consumption, however, saw a mild downturn. Over the period under review, consumption hit record highs at 12M tons in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

The revenue of the flat-rolled steel coils market in Africa surged to $7.5B in 2024, jumping by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $8.1B in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The country with the largest volume of flat-rolled steel coils consumption was Egypt (5M tons), comprising approx. 53% of total volume. Moreover, flat-rolled steel coils consumption in Egypt exceeded the figures recorded by the second-largest consumer, Kenya (805K tons), sixfold. Tunisia (596K tons) ranked third in terms of total consumption with a 6.4% share.

From 2013 to 2024, the average annual growth rate of volume in Egypt amounted to -2.8%. In the other countries, the average annual rates were as follows: Kenya (+3.2% per year) and Tunisia (+1.3% per year).

In value terms, Egypt ($4.1B) led the market, alone. The second position in the ranking was held by Kenya ($633M). It was followed by Tunisia.

In Egypt, the flat-rolled steel coils market declined by an average annual rate of -1.0% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Kenya (+4.6% per year) and Tunisia (+2.7% per year).

The countries with the highest levels of flat-rolled steel coils per capita consumption in 2024 were Tunisia (49 kg per person), Egypt (45 kg per person) and Kenya (14 kg per person).

From 2013 to 2024, the biggest increases were recorded for Uganda (with a CAGR of +9.2%), while consumption for the other leaders experienced more modest paces of growth.

Flat hot-rolled steel in coils (7M tons) constituted the product with the largest volume of consumption, accounting for 75% of total volume. Moreover, flat hot-rolled steel in coils exceeded the figures recorded for the second-largest type, flat cold-rolled steel in coils (2.3M tons), threefold.

From 2013 to 2024, the average annual growth rate of the volume of flat hot-rolled steel in coils consumption was relatively modest.

In value terms, flat hot-rolled steel in coils ($5.6B) led the market, alone. The second position in the ranking was held by flat cold-rolled steel in coils ($1.9B).

For flat hot-rolled steel in coils, market remained relatively stable over the period from 2013-2024.

In 2024, approx. 5.5M tons of flat-rolled steel in coils were produced in Africa; with a decrease of -3.9% on the year before. Overall, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. The volume of production peaked at 8.9M tons in 2014; however, from 2015 to 2024, production failed to regain momentum.

In value terms, flat-rolled steel coils production fell slightly to $4.8B in 2024 estimated in export price. Over the period under review, production saw a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 47%. Over the period under review, production attained the peak level at $6B in 2014; however, from 2015 to 2024, production failed to regain momentum.

Egypt (5.1M tons) remains the largest flat-rolled steel coils producing country in Africa, accounting for 93% of total volume. Moreover, flat-rolled steel coils production in Egypt exceeded the figures recorded by the second-largest producer, Tunisia (333K tons), more than tenfold.

From 2013 to 2024, the average annual rate of growth in terms of volume in Egypt totaled -2.4%.

Flat hot-rolled steel in coils (4M tons) constituted the product with the largest volume of production, comprising approx. 72% of total volume. Moreover, flat hot-rolled steel in coils exceeded the figures recorded for the second-largest type, flat cold-rolled steel in coils (1.5M tons), threefold.

For flat hot-rolled steel in coils, production plunged by an average annual rate of -3.4% over the period from 2013-2024.

In value terms, flat hot-rolled steel in coils ($3.4B) led the market, alone. The second position in the ranking was taken by flat cold-rolled steel in coils ($1.3B).

From 2013 to 2024, the average annual rate of growth in terms of the value of flat hot-rolled steel in coils production totaled -1.5%.

In 2024, imports of flat-rolled steel in coils in Africa surged to 5.4M tons, growing by 19% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 24% against the previous year. The volume of import peaked in 2024 and is expected to retain growth in years to come.

In value terms, flat-rolled steel coils imports surged to $4.2B in 2024. Total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +3.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31%. Over the period under review, imports reached the peak figure in 2024 and are expected to retain growth in years to come.

The purchases of the nine major importers of flat-rolled steel in coils, namely Egypt, Kenya, South Africa, Tanzania, Algeria, Tunisia, Uganda, Ethiopia and Nigeria, represented more than two-thirds of total import. Sudan (171K tons) held a little share of total imports.

From 2013 to 2024, the biggest increases were recorded for Uganda (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($809M), Kenya ($691M) and South Africa ($389M) appeared to be the countries with the highest levels of imports in 2024, with a combined 45% share of total imports. Tanzania, Algeria, Tunisia, Uganda, Ethiopia, Sudan and Nigeria lagged somewhat behind, together accounting for a further 36%.

Uganda, with a CAGR of +13.1%, saw the highest growth rate of 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.

Flat hot-rolled steel in coils was the key type of flat-rolled steel in coils in Africa, with the volume of imports amounting to 4.4M tons, which was near 81% of total imports in 2024. It was distantly followed by flat cold-rolled steel in coils (1M tons), committing a 19% share of total imports.

Flat hot-rolled steel in coils was also the fastest-growing in terms of imports, with a CAGR of +4.7% from 2013 to 2024. flat cold-rolled steel in coils (-3.0%) illustrated a downward trend over the same period. While the share of flat hot-rolled steel in coils (+16 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of flat cold-rolled steel in coils (-16 p.p.) displayed negative dynamics.

In value terms, flat hot-rolled steel in coils ($3.4B) constitutes the largest type of flat-rolled steel in coils imported in Africa, comprising 81% of total imports. The second position in the ranking was held by flat cold-rolled steel in coils ($796M), with a 19% share of total imports.

For flat hot-rolled steel in coils, imports expanded at an average annual rate of +5.0% over the period from 2013-2024.

The import price in Africa stood at $778 per ton in 2024, rising by 3.1% against the previous year. Overall, the import price showed a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, import prices reached the maximum at $928 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major imported products. In 2024, the product with the highest price was flat cold-rolled steel in coils ($779 per ton), while the price for flat hot-rolled steel in coils totaled $778 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by flat cold-rolled steel coils (+2.4%).

The import price in Africa stood at $778 per ton in 2024, rising by 3.1% against the previous year. Over the period under review, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by 55%. The level of import peaked at $928 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2024, major importing countries recorded the following prices: in Ethiopia ($885 per ton) and Kenya ($857 per ton), while South Africa ($687 per ton) and Nigeria ($696 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+4.2%), while the other leaders experienced more modest paces of growth.

In 2024, the amount of flat-rolled steel in coils exported in Africa declined dramatically to 1.6M tons, shrinking by -22% against 2023 figures. Total exports indicated a noticeable increase from 2013 to 2024: its volume increased at an average annual rate of +2.2% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +50.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 75%. Over the period under review, the exports attained the maximum at 2.1M tons in 2023, and then fell significantly in the following year.

In value terms, flat-rolled steel coils exports contracted remarkably to $1.4B in 2024. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 182% against the previous year. As a result, the exports attained the peak of $1.7B. From 2022 to 2024, the growth of the exports failed to regain momentum.

Egypt prevails in exports structure, reaching 1.2M tons, which was approx. 74% of total exports in 2024. It was distantly followed by South Africa (159K tons), making up a 9.7% share of total exports. The following exporters - Tunisia (72K tons), Djibouti (71K tons), Algeria (27K tons), Mozambique (27K tons) and Libya (25K tons) - together made up 14% of total exports.

Exports from Egypt increased at an average annual rate of +7.6% from 2013 to 2024. At the same time, Djibouti (+92.3%), Mozambique (+61.3%), Tunisia (+45.8%) and Algeria (+10.5%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing exporter exported in Africa, with a CAGR of +92.3% from 2013-2024. By contrast, Libya (-1.9%) and South Africa (-11.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Egypt, Djibouti, Tunisia and Mozambique increased by +32, +4.3, +4.3 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($1B) remains the largest flat-rolled steel coils supplier in Africa, comprising 74% of total exports. The second position in the ranking was held by South Africa ($115M), with an 8.4% share of total exports. It was followed by Tunisia, with a 5% share.

In Egypt, flat-rolled steel coils exports increased at an average annual rate of +11.0% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-10.4% per year) and Tunisia (+50.8% per year).

In 2024, flat hot-rolled steel in coils (1.4M tons) represented the key type of flat-rolled steel in coils, making up 85% of total exports. It was distantly followed by flat cold-rolled steel in coils (249K tons), constituting a 15% share of total exports.

Flat hot-rolled steel in coils was also the fastest-growing in terms of exports, with a CAGR of +2.4% from 2013 to 2024. At the same time, flat cold-rolled steel in coils (+1.4%) displayed positive paces of growth. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, flat hot-rolled steel in coils ($1.1B) remains the largest type of flat-rolled steel in coils supplied in Africa, comprising 83% of total exports. The second position in the ranking was held by flat cold-rolled steel in coils ($230M), with a 17% share of total exports.

For flat hot-rolled steel in coils, exports expanded at an average annual rate of +4.4% over the period from 2013-2024.

The export price in Africa stood at $835 per ton in 2024, with an increase of 5.1% against the previous year. Export price indicated moderate growth from 2013 to 2024: its price increased at an average annual rate of +2.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, flat-rolled steel coils export price decreased by -15.0% against 2022 indices. The most prominent rate of growth was recorded in 2021 an increase of 61%. The level of export peaked at $983 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exported products. In 2024, the product with the highest price was flat cold-rolled steel in coils ($925 per ton), while the average price for exports of flat hot-rolled steel in coils amounted to $820 per ton.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by flat cold-rolled steel coils (+6.8%).

The export price in Africa stood at $835 per ton in 2024, rising by 5.1% against the previous year. Export price indicated a moderate expansion from 2013 to 2024: its price increased at an average annual rate of +2.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, flat-rolled steel coils export price decreased by -15.0% against 2022 indices. The most prominent rate of growth was recorded in 2021 an increase of 61%. Over the period under review, the export prices hit record highs at $983 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2024, major exporting countries recorded the following prices: in Tunisia ($946 per ton) and Mozambique ($933 per ton), while South Africa ($723 per ton) and Egypt ($838 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Libya (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flat-rolled steel coils market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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The Largest Importers on The Market and How They Succeed

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