SADC: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in SADC

The SADC market for iron or steel flat spiral or discs springs reduced to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Iron or Steel Flat Spiral or Discs Springs in SADC

In value terms, metal spiral or discs spring production declined to $X in 2022 estimated in export price. The total production indicated a moderate 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 pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports in SADC

In 2022, after three years of decline, there was significant growth in overseas shipments of iron or steel flat spiral or discs springs, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal spiral or discs spring exports stood at $X in 2022. Overall, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of iron or steel flat spiral or discs springs, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the iron or steel flat spiral or discs springs exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal spiral or discs spring supplier in SADC.

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

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports in SADC

In 2022, approx. X tons of iron or steel flat spiral or discs springs were imported in SADC; declining by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, metal spiral or discs spring imports fell to $X in 2022. In general, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) was the key importer of iron or steel flat spiral or discs springs, achieving X% of total imports. It was distantly followed by Tanzania (X tons), Mauritius (X tons), Angola (X tons), Mozambique (X tons) and Zimbabwe (X tons), together generating a X% share of total imports. Madagascar (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal spiral or discs spring imports into South Africa stood at X%. At the same time, Madagascar (X%), Angola (X%), Mozambique (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Tanzania (X%) illustrated a downward trend over the same period. While the share of Angola (X p.p.), Madagascar (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel flat spiral or discs springs in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($X), with an X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, metal spiral or discs spring imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. 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 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 Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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