SADC: Market for Welded Link Chain Of Iron Or Steel 2024

Market Size for Welded Link Chain Of Iron Or Steel in SADC

The SADC metal welded link chain market fell to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Welded Link Chain Of Iron Or Steel in SADC

In value terms, metal welded link chain production rose remarkably to $X in 2023 estimated in export price. The total production indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Welded Link Chain Of Iron Or Steel

Exports in SADC

In 2023, overseas shipments of welded link chain of iron or steel increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, metal welded link chain exports reached $X in 2023. Overall, exports, however, showed a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X tons), together accounting for X% of total export.

South Africa was also the fastest-growing in terms of the welded link chain of iron or steel exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest metal welded link chain supplier in SADC.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, saw a slight expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Welded Link Chain Of Iron Or Steel

Imports in SADC

In 2023, approx. X tons of welded link chain of iron or steel were imported in SADC; dropping by X% compared with the year before. In general, imports saw 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, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, metal welded link chain imports declined dramatically to $X in 2023. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X tons) was the main importer of welded link chain of iron or steel, generating X% of total imports. It was distantly followed by Angola (X tons), achieving an X% share of total imports. Swaziland (X tons), Zimbabwe (X tons), Tanzania (X tons), Zambia (X tons), Madagascar (X tons) and Mozambique (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Swaziland (X%), Mozambique (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Zambia (X%), Madagascar (X%), Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Swaziland (X p.p.), Zimbabwe (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Tanzania (X p.p.) and Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Angola (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Zambia ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform