South Africa - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Leaf-Spring in South Africa - 2023
Contents:
- Price for Iron or Steel Leaf-Spring in South Africa (CIF) - 2023
- Price for Iron or Steel Leaf-Spring in South Africa (FOB) - 2022
- Imports of Iron or Steel Leaf-Spring in South Africa
- Exports of Iron or Steel Leaf-Spring in South Africa
Price for Iron or Steel Leaf-Spring in South Africa (CIF) - 2023
The average iron or steel leaf-spring import price stood at $2,322 per ton in July 2023, shrinking by -31.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 45% against the previous month. The import price peaked at $4,075 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($4,174 per ton), while the price for Vietnam ($1,017 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel Leaf-Spring in South Africa (FOB) - 2022
The average iron or steel leaf-spring export price stood at $4,290 per ton in 2022, with an increase of 33% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $4,659 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($9,064 per ton), while the average price for exports to the UK ($1,882 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 Namibia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Leaf-Spring in South Africa
Iron or steel leaf-spring imports into South Africa contracted to 5.1K tons in 2022, shrinking by -7.4% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 5.5K tons, and then dropped in the following year.
In value terms, iron or steel leaf-spring imports dropped slightly to $14M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +64.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of $14M, leveling off in the following year.
| Import of Iron or Steel Leaf-Spring in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 1.9 | 3.5 | 3.2 | 7.2% |
| Germany | 1.6 | 1.7 | 3.0 | 2.6 | 17.6% |
| Netherlands | 2.8 | 1.9 | 2.6 | 2.5 | -3.7% |
| India | 1.3 | 0.7 | 1.6 | 1.9 | 13.5% |
| Australia | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
| Portugal | 0.1 | 0.3 | 0.2 | 0.4 | 58.7% |
| Poland | N/A | N/A | N/A | 0.3 | 0% |
| Others | 2.0 | 1.5 | 2.0 | 1.7 | -5.3% |
| Total | 10.9 | 8.3 | 13.7 | 13.7 | 7.9% |
Top Suppliers of Iron or Steel Leaf-Spring to South Africa in 2022:
- China (2218.5 tons)
- Germany (826.2 tons)
- India (720.8 tons)
- Netherlands (663.4 tons)
- Portugal (170.0 tons)
- Australia (143.1 tons)
- Poland (93.0 tons)
Exports of Iron or Steel Leaf-Spring in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of iron or steel leaf-springs and leaves, when their volume decreased by -25.3% to 336 tons. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 92%. As a result, the exports attained the peak of 450 tons, and then shrank dramatically in the following year.
In value terms, iron or steel leaf-spring exports reduced to $1.4M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of $1.5M, leveling off in the following year.
| Export of Iron or Steel Leaf-Spring in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 184 | 157 | 188 | 253 | 11.2% |
| Zambia | 134 | 101 | 215 | 249 | 22.9% |
| Mozambique | 106 | 92.5 | 167 | 199 | 23.4% |
| Zimbabwe | 59.4 | 132 | 199 | 192 | 47.9% |
| Botswana | 76.1 | 67.5 | 167 | 156 | 27.0% |
| United Kingdom | 27.9 | 44.6 | 106 | 81.7 | 43.1% |
| Swaziland | 76.0 | 66.7 | 65.8 | 77.8 | 0.8% |
| Democratic Republic of the Congo | 61.8 | 52.3 | 35.5 | 38.5 | -14.6% |
| China | 58.1 | 15.9 | 17.0 | 19.2 | -30.9% |
| France | 47.2 | N/A | N/A | N/A | 0% |
| Others | 198 | 201 | 295 | 173 | -4.4% |
| Total | 1,028 | 930 | 1,454 | 1,440 | 11.9% |
Top Export Markets for Iron or Steel Leaf-Spring from South Africa in 2022:
- Zambia (85.1 tons)
- Mozambique (71.7 tons)
- Zimbabwe (46.7 tons)
- United Kingdom (43.4 tons)
- Namibia (28.5 tons)
- Botswana (17.2 tons)
- Swaziland (14.2 tons)
- Democratic Republic of the Congo (3.4 tons)
- China (3.1 tons)
This report provides an in-depth analysis of the market for iron or steel leaf-spring 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
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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