Africa: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Africa

The African interchangeable spanner socket market rose significantly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Interchangeable Spanner Socket Production in Africa

In value terms, interchangeable spanner socket production amounted to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Interchangeable Spanner Socket Exports

Exports in Africa

Interchangeable spanner socket exports contracted to X tons in 2022, declining by X% compared with the previous year. Over the period under review, exports saw a mild decrease. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, interchangeable spanner socket exports skyrocketed to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Egypt (X tons), constituting a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest interchangeable spanner socket supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

In South Africa, interchangeable spanner socket exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%).

Interchangeable Spanner Socket Imports

Imports in Africa

In 2022, imports of interchangeable spanner sockets in Africa surged to X tons, increasing by X% against the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, interchangeable spanner socket imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Africa (X tons), distantly followed by Kenya (X tons), Angola (X tons) and Algeria (X tons) represented the key importers of interchangeable spanner sockets, together comprising X% of total imports. Libya (X tons), Morocco (X tons), Nigeria (X tons), Zimbabwe (X tons), Egypt (X tons), Ghana (X tons), Senegal (X tons), Democratic Republic of the Congo (X tons) and Namibia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Kenya ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Kenya, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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