South Africa: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in South Africa

The South African metal screw hook market reduced to $X in 2022, flattening at the previous year. In general, consumption, however, saw a slight slump. Metal screw hook consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Screw Hook Production in South Africa

In value terms, metal screw hook production fell slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Metal Screw Hook Exports

Exports from South Africa

In 2022, exports of iron or steel screw hooks and screw rings from South Africa amounted to X tons, increasing by 12% against the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 203%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal screw hook exports expanded sharply to $X in 2022. Over the period under review, exports, however, showed a slight descent. The growth pace was the most rapid in 2017 when exports increased by 94%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Swaziland (X tons) was the main destination for metal screw hook exports from South Africa, accounting for a 44% share of total exports. Moreover, metal screw hook exports to Swaziland exceeded the volume sent to the second major destination, Botswana (X tons), twofold. The third position in this ranking was taken by Zimbabwe (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume to Swaziland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+7.2% per year) and Zimbabwe (+12.3% per year).

In value terms, Swaziland ($X) remains the key foreign market for iron or steel screw hooks and screw rings exports from South Africa, comprising 38% of total exports. The second position in the ranking was held by Botswana ($X), with a 15% share of total exports. It was followed by Namibia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Swaziland totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-0.4% per year) and Namibia (+0.4% per year).

Export Prices by Country

In 2022, the average metal screw hook export price amounted to $X per ton, rising by 1.7% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Uganda ($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 Swaziland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into South Africa

In 2022, the amount of iron or steel screw hooks and screw rings imported into South Africa soared to X tons, increasing by 74% compared with 2021 figures. Over the period under review, imports saw buoyant growth. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal screw hook imports skyrocketed to $X in 2022. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of metal screw hook imports to South Africa, with a combined 93% share of total imports. Italy, Poland and Turkey lagged somewhat behind, together accounting for a further 5%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +91.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest metal screw hook suppliers to South Africa, together accounting for 76% of total imports. Poland, the UK and Turkey lagged somewhat behind, together comprising a further 8.3%.

Poland, with a CAGR of +95.2%, saw the highest growth rate of 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 metal screw hook import price amounted to $X per ton, declining by -3% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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