SADC: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in SADC

The SADC interchangeable spanner socket market rose slightly to $X in 2022, picking up by X% against the previous year. The total consumption 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Interchangeable Spanner Socket Production in SADC

In value terms, interchangeable spanner socket production contracted slightly to $X in 2022 estimated in export price. The total production indicated a buoyant 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports in SADC

In 2022, interchangeable spanner socket exports in SADC fell to X tons, which is down by X% compared with the year before. Overall, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, interchangeable spanner socket exports stood at $X in 2022. Total exports indicated slight growth 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 2017 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Zambia (X p.p.) and South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated a tangible 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 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Zambia totaled $X per ton.

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

Interchangeable Spanner Socket Imports

Imports in SADC

In 2022, overseas purchases of interchangeable spanner sockets increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated noticeable 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 most prominent rate of growth was recorded in 2021 with an increase of 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, interchangeable spanner socket imports rose notably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the main importing country with an import of around X tons, which finished at X% of total imports. Angola (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Zimbabwe (X%). The following importers - Democratic Republic of the Congo (X tons), Namibia (X tons), Zambia (X tons), Tanzania (X tons), Mozambique (X tons) and Botswana (X tons) - together made up X% of total imports.

South Africa was also the fastest-growing in terms of the interchangeable spanner sockets imports, with a CAGR of X% from 2012 to 2022. At the same time, Mozambique (X%) and Zimbabwe (X%) displayed positive paces of growth. Botswana and Zambia experienced a relatively flat trend pattern. By contrast, Namibia (X%), Tanzania (X%), Angola (X%) and Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Democratic Republic of the Congo increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported interchangeable spanner sockets in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with an X% share of total imports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Zimbabwe (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 showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the 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 Botswana ($X per ton), while Angola ($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 a decline in the import price figures.

Source: IndexBox Platform

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