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Mar 16, 2025

Africa's Flat Cold-Rolled Steel Coils Market to Experience Modest Growth with +0.6% CAGR from 2024 to 2035 - News and Statistics - IndexBox

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

The article discusses the forecasted upward consumption trend for flat cold-rolled steel coils in Africa, with an expected market volume of 2.5M tons and a market value of $2.4B by the end of 2035. This growth is driven by increasing demand in the region.

Driven by rising demand for flat cold-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 +0.6% for the period from 2024 to 2035, which is projected to bring the market volume to 2.5M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2024 to 2035, which is projected to bring the market value to $2.4B (in nominal wholesale prices) by the end of 2035.

Flat cold-rolled steel coils consumption rose remarkably to 2.3M tons in 2024, picking up by 14% against the year before. Over the period under review, consumption, however, recorded a pronounced curtailment. The volume of consumption peaked at 3.4M tons in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The size of the flat cold-rolled steel coils market in Africa rose sharply to $1.9B in 2024, growing by 12% 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, showed a slight decline. The level of consumption peaked at $2.5B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

Egypt (1.2M tons) constituted the country with the largest volume of flat cold-rolled steel coils consumption, comprising approx. 54% of total volume. Moreover, flat cold-rolled steel coils consumption in Egypt exceeded the figures recorded by the second-largest consumer, Tunisia (282K tons), fourfold. Benin (98K tons) ranked third in terms of total consumption with a 4.2% share.

From 2013 to 2024, the average annual growth rate of volume in Egypt amounted to -4.7%. In the other countries, the average annual rates were as follows: Tunisia (-2.5% per year) and Benin (+84.1% per year).

In value terms, Egypt ($1B) led the market, alone. The second position in the ranking was held by Tunisia ($238M). It was followed by Ethiopia.

From 2013 to 2024, the average annual growth rate of value in Egypt amounted to -2.0%. In the other countries, the average annual rates were as follows: Tunisia (-0.5% per year) and Ethiopia (+1.3% per year).

In 2024, the highest levels of flat cold-rolled steel coils per capita consumption was registered in Tunisia (23 kg per person), followed by Egypt (11 kg per person), Benin (7.3 kg per person) and Ghana (2.7 kg per person), while the world average per capita consumption of flat cold-rolled steel coils was estimated at 1.6 kg per person.

From 2013 to 2024, the average annual growth rate of the flat cold-rolled steel coils per capita consumption in Tunisia totaled -3.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Egypt (-6.6% per year) and Benin (+79.1% per year).

In 2024, production of flat cold-rolled steel in coils in Africa stood at 1.5M tons, approximately reflecting 2023. Overall, production, however, continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 8.6%. The volume of production peaked at 2.2M tons in 2014; however, from 2015 to 2024, production failed to regain momentum.

In value terms, flat cold-rolled steel coils production amounted to $1.3B in 2024 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 31%. As a result, production attained the peak level of $1.7B. From 2015 to 2024, production growth remained at a somewhat lower figure.

Egypt (1.2M tons) constituted the country with the largest volume of flat cold-rolled steel coils production, accounting for 78% of total volume. Moreover, flat cold-rolled steel coils production in Egypt exceeded the figures recorded by the second-largest producer, Tunisia (333K tons), fourfold.

From 2013 to 2024, the average annual rate of growth in terms of volume in Egypt amounted to -3.9%.

In 2024, the amount of flat cold-rolled steel in coils imported in Africa soared to 1M tons, jumping by 40% against the year before. In general, imports, however, saw a noticeable contraction. The volume of import peaked at 1.4M tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, flat cold-rolled steel coils imports surged to $796M in 2024. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. The level of import peaked at $889M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

The purchases of the eight major importers of flat cold-rolled steel in coils, namely Egypt, Benin, Ghana, Ethiopia, Sudan, South Africa, Djibouti and Algeria, represented more than two-thirds of total import. The following importers - Morocco (42K tons) and Cameroon (40K tons) - each resulted at an 8% share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Benin (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flat cold-rolled steel coils importing markets in Africa were Egypt ($102M), Ethiopia ($75M) and Ghana ($73M), together accounting for 31% of total imports. South Africa, Benin, Sudan, Djibouti, Algeria, Morocco and Cameroon lagged somewhat behind, together comprising a further 45%.

Benin, with a CAGR of +48.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm represented the key imported product with an import of around 595K tons, which recorded 58% of total imports. Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (190K tons) took the second position in the ranking, followed by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (149K tons) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (88K tons). All these products together took approx. 42% share of total imports.

From 2013 to 2024, average annual rates of growth with regard to iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm imports of stood at -1.9%. Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm experienced a relatively flat trend pattern. iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (-8.8%) illustrated a downward trend over the same period. Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (+6.7 p.p.), iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (+4.9 p.p.) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm saw its share reduced by -14.1% from 2013 to 2024, respectively.

In value terms, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($441M) constitutes the largest type of flat cold-rolled steel in coils imported in Africa, comprising 55% of total imports. The second position in the ranking was held by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($156M), with a 20% share of total imports. It was followed by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm, with a 16% share.

For iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm, imports expanded at an average annual rate of +3.2% over the period from 2013-2024. For the other products, the average annual rates were as follows: iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (-0.0% per year) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (-7.7% per year).

In 2024, the import price in Africa amounted to $779 per ton, reducing by -9.8% against the previous year. Import price indicated notable growth from 2013 to 2024: its price increased at an average annual rate of +2.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, flat cold-rolled steel coils import price decreased by -19.5% against 2022 indices. The growth pace was the most rapid in 2021 when the import price increased by 39% against the previous year. Over the period under review, import prices hit record highs at $968 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major imported products. In 2024, major imported products recorded the following prices: in iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm ($858 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($821 per ton), while the price for iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($741 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more ($816 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (+5.1%), while the other products experienced more modest paces of growth.

In 2024, the import price in Africa amounted to $779 per ton, reducing by -9.8% against the previous year. Import price indicated a notable expansion from 2013 to 2024: its price increased at an average annual rate of +2.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, flat cold-rolled steel coils import price decreased by -19.5% against 2022 indices. The most prominent rate of growth was recorded in 2021 an increase of 39%. The level of import peaked at $968 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was South Africa ($962 per ton), while Benin ($619 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+17.3%), while the other leaders experienced more modest paces of growth.

In 2024, the amount of flat cold-rolled steel in coils exported in Africa expanded significantly to 249K tons, with an increase of 5.1% against 2023 figures. In general, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 154% against the previous year. Over the period under review, the exports reached the maximum at 271K tons in 2017; however, from 2018 to 2024, the exports failed to regain momentum.

In value terms, flat cold-rolled steel coils exports rose notably to $230M in 2024. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 126%. Over the period under review, the exports reached the peak figure at $274M in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In 2024, Tunisia (71K tons), Egypt (62K tons) and Djibouti (43K tons) was the main exporter of flat cold-rolled steel in coils in Africa, achieving 71% of total export. South Africa (24K tons) held the next position in the ranking, followed by Mozambique (14K tons) and Senegal (12K tons). All these countries together took near 20% share of total exports. Morocco (9.3K tons) held a minor share of total exports.

From 2013 to 2024, the biggest increases were recorded for Mozambique (with a CAGR of +104.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($68M), Egypt ($58M) and Djibouti ($43M) were the countries with the highest levels of exports in 2024, together comprising 73% of total exports. South Africa, Mozambique, Senegal and Morocco lagged somewhat behind, together accounting for a further 22%.

Mozambique, with a CAGR of +112.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (111K tons) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (96K tons) were the main types of flat cold-rolled steel in coils in 2024, amounting to near 45% and 39% of total exports, respectively. It was distantly followed by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (37K tons), creating a 15% share of total exports. Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (4.2K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (with a CAGR of +10.9%), while shipments for the other products experienced mixed trends in the exports figures.

In value terms, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($102M), iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($90M) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm ($35M) were the products with the highest levels of exports in 2024, with a combined 99% share of total exports.

Among the main exported products, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm, with a CAGR of +13.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

The export price in Africa stood at $925 per ton in 2024, approximately equating the previous year. Export price indicated a strong increase from 2013 to 2024: its price increased at an average annual rate of +6.8% 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 cold-rolled steel coils export price decreased by -10.8% against 2022 indices. The most prominent rate of growth was recorded in 2014 an increase of 56% against the previous year. Over the period under review, the export prices hit record highs at $1,037 per ton in 2022; however, from 2023 to 2024, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exported products. In 2024, major exported products recorded the following prices: in iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm ($945 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($936 per ton), while the average price for exports of iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more ($736 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($914 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (+12.1%), while the other products experienced more modest paces of growth.

The export price in Africa stood at $925 per ton in 2024, stabilizing at the previous year. Export price indicated strong growth from 2013 to 2024: its price increased at an average annual rate of +6.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, flat cold-rolled steel coils export price decreased by -10.8% against 2022 indices. The pace of growth was the most pronounced in 2014 an increase of 56%. Over the period under review, the export prices attained the maximum at $1,037 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mozambique ($1,291 per ton), while Morocco ($595 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for flat cold-rolled steel coils 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.

In this report, you can find information that helps you to make informed decisions on the following issues:

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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