South Africa - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in South Africa - 2023
Contents:
- Metal Spring Washer Price in South Africa (CIF) - 2022
- Metal Spring Washer Price in South Africa (FOB) - 2022
- Metal Spring Washer Imports in South Africa
- Metal Spring Washer Exports in South Africa
Metal Spring Washer Price in South Africa (CIF) - 2022
In 2022, the average metal spring washer import price amounted to $3,733 per ton, reducing by -2.1% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2014 when the average import price increased by 32%. The import price peaked at $9,929 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($29,612 per ton), while the price for China ($1,860 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced a decline.
Metal Spring Washer Price in South Africa (FOB) - 2022
In 2022, the average metal spring washer export price amounted to $6,207 per ton, with an increase of 11% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64%. Over the period under review, the average export prices attained the maximum at $7,581 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($13,001 per ton), while the average price for exports to Lesotho ($2,343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Spring Washer Imports in South Africa
Metal spring washer imports into South Africa surged to 1.2K tons in 2022, growing by 16% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, metal spring washer imports rose notably to $4.5M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Metal Spring Washer in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,247 | 793 | 1,703 | 2,014 | 17.3% |
| Germany | 899 | 840 | 632 | 687 | -8.6% |
| United States | 201 | 207 | 456 | 543 | 39.3% |
| Others | 1,033 | 824 | 1,205 | 1,286 | 7.6% |
| Total | 3,379 | 2,664 | 3,996 | 4,530 | 10.3% |
Top Suppliers of Metal Spring Washer to South Africa in 2022:
- China (1082.9 tons)
- United States (40.1 tons)
- Germany (23.2 tons)
Metal Spring Washer Exports in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of iron or steel spring washers, when their volume decreased by -49.4% to 85 tons. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year.
In value terms, metal spring washer exports fell markedly to $526K in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 15%.
| Export of Metal Spring Washer in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 61.3 | 207 | 118 | 75.2 | 7.0% |
| Democratic Republic of the Congo | 36.6 | 151 | 142 | 65.8 | 21.6% |
| Botswana | 145 | 41.8 | 59.5 | 56.9 | -26.8% |
| Namibia | 111 | 98.3 | 66.2 | 51.9 | -22.4% |
| Mozambique | 67.8 | 78.9 | 114 | 49.6 | -9.9% |
| Swaziland | 8.7 | 14.0 | 13.9 | 37.3 | 62.5% |
| Zambia | 87.5 | 67.5 | 83.8 | 34.6 | -26.6% |
| Lesotho | 6.0 | 14.1 | 55.0 | 12.6 | 28.1% |
| Senegal | 7.5 | 6.5 | N/A | N/A | -13.3% |
| Others | 184 | 145 | 283 | 142 | -8.3% |
| Total | 715 | 824 | 936 | 526 | -9.7% |
Top Export Markets for Metal Spring Washer from South Africa in 2022:
- Mozambique (16.9 tons)
- Democratic Republic of the Congo (14.1 tons)
- Swaziland (11.8 tons)
- Botswana (8.2 tons)
- Zimbabwe (7.8 tons)
- Zambia (6.4 tons)
- Lesotho (5.4 tons)
- Namibia (4.0 tons)
This report provides an in-depth analysis of the metal spring washer market in South 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.
Product coverage:
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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