SADC: Base Metal Hook Market 2024

Base Metal Hook Market Size in SADC

In 2022, the SADC base metal hook market increased by X% to $X, rising for the second year in a row after two years of decline. The market 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 throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Base Metal Hook Production in SADC

In value terms, base metal hook production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Base Metal Hook Exports

Exports in SADC

In 2022, overseas shipments of base metal hooks, eyes and eyelets increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a measured expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, base metal hook exports rose sharply to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Mauritius (X tons) and Namibia (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal hook exports from South Africa stood at X%. At the same time, Mauritius (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest base metal hook supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated a noticeable 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. Based on 2022 figures, base metal hook export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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

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

Base Metal Hook Imports

Imports in SADC

In 2022, imports of base metal hooks, eyes and eyelets in SADC skyrocketed to X tons, rising by X% against 2021 figures. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hook imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Africa was the major importer of base metal hooks, eyes and eyelets in SADC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Zambia (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%) and Angola (X%). The following importers - Democratic Republic of the Congo (X tons), Madagascar (X tons), Namibia (X tons) and Lesotho (X tons) - together made up X% of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, base metal hook 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: Madagascar (X% per year) and Zambia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 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 Madagascar ($X per ton), while Democratic Republic of the Congo ($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 more modest paces of growth.

Source: IndexBox Platform