South Africa: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in South Africa

In 2022, the South African metal anchors and grapnels market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Anchors, Grapnels in South Africa

In value terms, metal anchors and grapnels production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Metal anchors and grapnels production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Iron Or Steel Anchors, Grapnels

Exports from South Africa

In 2022, shipments abroad of iron or steel anchors, grapnels increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal anchors and grapnels exports surged to $X in 2022. Overall, exports, however, recorded a pronounced reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for metal anchors and grapnels exports from South Africa, with a X% share of total exports. Moreover, metal anchors and grapnels exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Zimbabwe (X units), threefold. Namibia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Namibia (X% per year).

In value terms, the largest markets for metal anchors and grapnels exported from South Africa were Democratic Republic of the Congo ($X), Namibia ($X) and Zimbabwe ($X), with a combined X% share of total exports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal anchors and grapnels export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

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

Imports of Iron Or Steel Anchors, Grapnels

Imports into South Africa

In 2022, approx. X units of iron or steel anchors, grapnels were imported into South Africa; reducing by X% on 2021 figures. In general, imports showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, metal anchors and grapnels imports reduced sharply to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest metal anchors and grapnels supplier to South Africa, accounting for a X% share of total imports. Moreover, metal anchors and grapnels imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. Namibia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Namibia (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel anchors, grapnels to South Africa, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Namibia (X% per year).

Import Prices by Country

The average metal anchors and grapnels import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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