Africa: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Africa

After two years of growth, the African metal spring washer market decreased by X% to $X in 2022. In general, consumption saw a mild expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metal Spring Washer Production in Africa

In value terms, metal spring washer production declined to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Metal Spring Washer Exports

Exports in Africa

In 2022, metal spring washer exports in Africa fell significantly to X tons, with a decrease of X% on the previous year. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports dropped markedly to $X in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Tunisia (X tons) prevails in exports structure, together mixing up X% of total exports. The following exporters - Cote d'Ivoire (X tons) and Mozambique (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mozambique (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest metal spring washer supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In South Africa, metal spring washer exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

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

Metal Spring Washer Imports

Imports in Africa

In 2022, supplies from abroad of iron or steel spring washers increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated pronounced growth 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 pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal spring washer imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

South Africa was the main importer of iron or steel spring washers in Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Egypt (X tons) ranks second in terms of the total imports with an X% share, followed by Angola (X%) and Algeria (X%). Ethiopia (X tons), Sudan (X tons), Kenya (X tons), Tanzania (X tons), Nigeria (X tons), Morocco (X tons) and Cote d'Ivoire (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Sudan (X%), Cote d'Ivoire (X%), Kenya (X%), Nigeria (X%), Ethiopia (X%), Angola (X%), Algeria (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) and Tanzania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Sudan, Angola and Kenya increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel spring washers in Africa, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Angola, with an X% share.

In South Africa, metal spring washer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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