South Africa: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in South Africa

In 2023, the South African base metal padlock market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Base Metal Padlock Exports

Exports from South Africa

After two years of growth, overseas shipments of base metal padlocks decreased by X% to X tons in 2023. In general, exports showed a mild decline. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, base metal padlock exports dropped remarkably to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

Namibia (X tons) was the main destination for base metal padlock exports from South Africa, with a X% share of total exports. Moreover, base metal padlock exports to Namibia exceeded the volume sent to the second major destination, Zimbabwe (X tons), twofold. The third position in this ranking was taken by Botswana (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Namibia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Botswana (X% per year).

In value terms, Namibia ($X) remains the key foreign market for base metal padlocks exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Botswana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Namibia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Swaziland (X% per year).

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (X%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into South Africa

After two years of growth, overseas purchases of base metal padlocks decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then reduced modestly in the following year.

In value terms, base metal padlock imports dropped to $X in 2023. Over the period under review, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of base metal padlock to South Africa, accounting for a X% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to South Africa, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Import Prices by Country

The average base metal padlock import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform