SADC: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in SADC

The SADC iron or steel can market reached $X in 2022, surging by X% against the previous year. Overall, consumption, however, posted a slight increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Iron or Steel Cans in SADC

In value terms, iron or steel can production amounted to $X in 2022 estimated in export price. The total production indicated a prominent 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 2018 indices. 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 2018; afterwards, it flattened through to 2022.

Exports of Iron or Steel Cans

Exports in SADC

In 2022, overseas shipments of iron or steel cans increased by X% to X units, rising for the second consecutive year after seven years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel can exports skyrocketed to $X in 2022. In general, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Madagascar (X units), constituting an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel can exports from South Africa stood at X%. At the same time, Madagascar (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Madagascar (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest iron or steel can supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Madagascar ($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

In 2022, the export price in SADC amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 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 Madagascar ($X per unit), while South Africa stood at $X per unit.

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

Imports of Iron or Steel Cans

Imports in SADC

Iron or steel can imports contracted markedly to X units in 2022, with a decrease of X% on the year before. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, iron or steel can imports contracted sharply to $X in 2022. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Seychelles was the main importer of iron or steel cans in SADC, with the volume of imports recording X units, which was near X% of total imports in 2022. Zimbabwe (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Madagascar (X%), South Africa (X%), Mauritius (X%) and Swaziland (X%).

Imports into Seychelles increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%) and Madagascar (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. Swaziland experienced a relatively flat trend pattern. By contrast, Mauritius (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Seychelles (X p.p.), Zimbabwe (X p.p.), Madagascar (X p.p.), South Africa (X p.p.), Mauritius (X p.p.) and Swaziland (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Seychelles ($X) constitutes the largest market for imported iron or steel cans in SADC, comprising X% of total imports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

In Seychelles, iron or steel can 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 Mauritius (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Mauritius ($X per unit), while Swaziland ($X per unit) 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :