SADC: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in SADC

The SADC market for tube or pipe fittings (of iron or steel) shrank to $X in 2022, dropping by X% against the previous year. The total consumption indicated a strong expansion 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 2020 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in SADC

In value terms, iron or steel tube fitting production reduced slightly 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports in SADC

In 2022, the amount of tube or pipe fittings (of iron or steel) exported in SADC amounted to X tons, picking up by X% on 2021 figures. Overall, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. 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, iron or steel tube fitting exports expanded notably to $X in 2022. In general, exports, however, showed a noticeable decline. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Namibia (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the tube or pipe fittings (of iron or steel) exports, with a CAGR of X% from 2012 to 2022. Namibia (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest iron or steel tube fitting supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports.

In South Africa, iron or steel tube fitting exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Namibia totaled $X per ton.

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

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports in SADC

Iron or steel tube fitting imports soared to X tons in 2022, growing by X% against the year before. Total imports indicated a tangible increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel tube fitting imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the main importer of tube or pipe fittings (of iron or steel) in SADC, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Angola (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%), Democratic Republic of the Congo (X%), Tanzania (X%) and Botswana (X%). Zambia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Angola ($X) and Democratic Republic of the Congo ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 a decrease of X% against the previous year. Overall, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked 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 Democratic Republic of the Congo ($X per ton), while Mozambique ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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