South Africa: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in South Africa

The South African metal hot-worked helical spring market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in South Africa

In value terms, metal hot-worked helical spring production reduced to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from South Africa

For the fourth year in a row, South Africa recorded growth in shipments abroad of iron or steel hot-worked helical springs, which increased by X% to X tons in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal hot-worked helical spring exports rose significantly to $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Zimbabwe (X tons) was the main destination for metal hot-worked helical spring exports from South Africa, with a X% share of total exports. Moreover, metal hot-worked helical spring exports to Zimbabwe exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

In value terms, Zimbabwe ($X), Germany ($X) and Canada ($X) constituted the largest markets for metal hot-worked helical spring exported from South Africa worldwide, together comprising X% of total exports.

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average metal hot-worked helical spring export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Zimbabwe ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into South Africa

In 2022, purchases abroad of iron or steel hot-worked helical springs decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports stood at $X in 2022. Overall, total imports 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of metal hot-worked helical spring imports to South Africa, together accounting for X% of total imports.

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

In value terms, the largest metal hot-worked helical spring suppliers to South Africa were Germany ($X), the United States ($X) and the Czech Republic ($X), together accounting for X% of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton 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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :