SADC: Metal Hammer Market 2024

Metal Hammer Market Size in SADC

The SADC metal hammer market contracted modestly to $X in 2022, falling by X% against the previous year. Overall, consumption showed a slight contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Hammer Production in SADC

In value terms, metal hammer production amounted to $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Metal Hammer Exports

Exports in SADC

In 2022, metal hammer exports in SADC rose sharply to X tons, surging by X% against 2021 figures. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal hammer exports totaled $X in 2022. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa represented the largest exporting country with an export of around X tons, which recorded X% of total exports. Tanzania (X tons) took the second position in the ranking, distantly followed by Namibia (X tons). All these countries together held near 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, Tanzania (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tanzania and South Africa increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest metal hammer supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Metal Hammer Imports

Imports in SADC

In 2022, approx. X tons of hammers and sledge hammers with working part of metal were imported in SADC; waning by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal hammer imports declined slightly to $X in 2022. Overall, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the largest importing country with an import of around X tons, which accounted for X% of total imports. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Zimbabwe (X%), Democratic Republic of the Congo (X%), Mozambique (X%), Tanzania (X%) and Zambia (X%). Namibia (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, Zimbabwe (X%), Mozambique (X%), Democratic Republic of the Congo (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%), Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. Zimbabwe (X p.p.), Democratic Republic of the Congo (X p.p.), South Africa (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total imports, while Namibia, Tanzania and Angola saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hammers and sledge hammers with working part of metal in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Namibia, with an X% share.

In South Africa, metal hammer imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Namibia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Namibia ($X per ton), while Angola ($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

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