SADC: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in SADC

The SADC metal screw hook market fell to $X in 2022, shrinking by -4% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Screw Hook Production in SADC

In value terms, metal screw hook production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 49%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metal Screw Hook Exports

Exports in SADC

In 2022, metal screw hook exports in SADC skyrocketed to X tons, with an increase of 22% on 2021. Overall, exports, however, recorded a slight reduction. The growth pace was the most rapid in 2013 when exports increased by 133% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal screw hook exports skyrocketed to $X in 2022. In general, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 when exports increased by 35%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was near 87% of total exports in 2022. It was distantly followed by Zambia (X tons), mixing up a 7.8% share of total exports. Namibia (X tons) took a minor share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of iron or steel screw hooks and screw rings. At the same time, Zambia (+16.0%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +16.0% from 2012-2022. By contrast, Namibia (-9.7%) illustrated a downward trend over the same period. While the share of South Africa (+14 p.p.) and Zambia (+6.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Namibia (-5.5 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest metal screw hook supplier in SADC, comprising 89% of total exports. The second position in the ranking was held by Namibia ($X), with a 5.2% share of total exports.

In South Africa, metal screw hook exports contracted by an average annual rate of -1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (-5.9% per year) and Zambia (+4.6% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 when the export price increased by 31%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+4.2%), while the other leaders experienced a decline in the export price figures.

Metal Screw Hook Imports

Imports in SADC

In 2022, after two years of decline, there was significant growth in supplies from abroad of iron or steel screw hooks and screw rings, when their volume increased by 17% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 61%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal screw hook imports surged to $X in 2022. Overall, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2017 when imports increased by 27%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) and Tanzania (X tons) represented roughly 56% of total imports in 2022. Swaziland (X tons) took the next position in the ranking, followed by Angola (X tons). All these countries together took approx. 22% share of total imports. Zambia (X tons), Namibia (X tons), Mozambique (X tons), Zimbabwe (X tons) and Seychelles (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Seychelles (with a CAGR of +58.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Swaziland ($X) were the countries with the highest levels of imports in 2022, together accounting for 71% of total imports. Namibia, Angola, Zambia, Mozambique, Zimbabwe and Seychelles lagged somewhat behind, together accounting for a further 22%.

Seychelles, with a CAGR of +29.2%, saw the highest growth rate of the value of imports, among the main importing countries 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, with an increase of 7.7% against the previous year. Overall, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 Namibia ($X per ton), while Seychelles ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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