SADC: Market for Base Metal Flexible Tubing, Iron Or Steel 2024

Market Size for Base Metal Flexible Tubing, Iron Or Steel in SADC

The SADC base metal flexible tubing market reduced to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Base Metal Flexible Tubing, Iron Or Steel in SADC

In value terms, base metal flexible tubing production declined slightly to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in SADC

In 2022, shipments abroad of base metal flexible tubing, iron or steel was finally on the rise to reach X tons after four years of decline. Over the period under review, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing exports surged to $X in 2022. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Namibia represented the main exporter of base metal flexible tubing, iron or steel in SADC, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by South Africa (X tons), constituting a X% share of total exports. Tanzania (X tons) held a minor share of total exports.

Namibia was also the fastest-growing in terms of the base metal flexible tubing, iron or steel exports, with a CAGR of X% from 2012 to 2022. Tanzania (X%) and South Africa (X%) illustrated a downward trend over the same period. Namibia (X p.p.) significantly strengthened its position in terms of the total exports, while Tanzania and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Namibia ($X) emerged as the largest base metal flexible tubing supplier in SADC, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with an X% share of total exports.

In Namibia, base metal flexible tubing exports 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: South Africa (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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

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

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in SADC

For the third consecutive year, SADC recorded growth in supplies from abroad of base metal flexible tubing, iron or steel, which increased by X% to X tons in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal flexible tubing imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Democratic Republic of the Congo (X tons) and Namibia (X tons) prevails in imports structure, together making up X% of total imports. Angola (X tons), Mozambique (X tons) and Tanzania (X tons) took a relatively small share of total imports.

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

In value terms, Democratic Republic of the Congo ($X), Namibia ($X) and Angola ($X) constituted 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, Namibia, with a CAGR of X%, saw the highest rates of growth with regard to 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 SADC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat 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 Angola ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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