South Africa: Base Metal Closure Market 2024

Base Metal Closure Market Size in South Africa

The South African base metal closure market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Base Metal Closure Production in South Africa

In value terms, base metal closure production declined modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Base metal closure production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Base Metal Closure Exports

Exports from South Africa

In 2022, overseas shipments of base metal closures, stoppers, caps and lids increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a temperate expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, base metal closure exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Nigeria (X tons) was the main destination for base metal closure exports from South Africa, accounting for a X% share of total exports. Moreover, base metal closure exports to Nigeria exceeded the volume sent to the second major destination, Angola (X tons), threefold. The third position in this ranking was taken by Swaziland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Swaziland (X% per year).

In value terms, Nigeria ($X) remains the key foreign market for base metal closures, stoppers, caps and lids exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Angola ($X), with an X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Namibia (X% per year).

Export Prices by Country

The average base metal closure export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price 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, base metal closure export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Closure Imports

Imports into South Africa

In 2022, the amount of base metal closures, stoppers, caps and lids imported into South Africa dropped to X tons, waning by X% compared with 2021. In general, total imports indicated buoyant growth 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 2016 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, base metal closure imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), China (X tons) and Spain (X tons) were the main suppliers of base metal closure imports to South Africa, with a combined X% share of total imports. Mexico, Greece, Singapore and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest base metal closure suppliers to South Africa were Italy ($X), China ($X) and Spain ($X), together accounting for X% of total imports. Mexico, Greece, France and Singapore lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average base metal closure import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :