South Africa: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in South Africa

After two years of growth, the South African market for iron or steel leaf-springs and leaves decreased by -X% to $X in 2020. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from South Africa

In 2020, shipments abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of iron or steel leaf-springs and leaves shrank rapidly to $X in 2020. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Namibia (X tons), Zambia (X tons) and Mozambique (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from South Africa, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia, while exports for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Zimbabwe ($X) and Zambia ($X) constituted the largest markets for iron or steel leaf-spring and leave exported from South Africa worldwide, with a combined X% share of total exports. Mozambique, Botswana, Swaziland, Democratic Republic of the Congo, the UK, Bulgaria, Australia and New Zealand lagged somewhat behind, together comprising a further X Republic of the Congo saw the highest growth rate of the value of exports, in terms of 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 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2009 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into South Africa

In 2020, purchases abroad of iron or steel leaf-springs and leaves decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2012 to 2020, the growth of imports failed to regain the momentum.

In value terms, imports of iron or steel leaf-springs and leaves declined markedly to $X in 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to South Africa, accounting for a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2007 to 2020, 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: the Netherlands (+X% per year) and India (-X% per year).

In value terms, the largest iron or steel leaf-spring and leave suppliers to South Africa were China ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, the Netherlands recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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