South Africa: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in South Africa

In 2022, the South African metal self-tapping screw market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Metal Self-Tapping Screw Exports

Exports from South Africa

In 2022, approx. X tons of iron or steel self-tapping screws were exported from South Africa; waning by X% against the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal self-tapping screw exports totaled $X in 2022. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Namibia (X tons) was the main destination for metal self-tapping screw exports from South Africa, accounting for a X% share of total exports. Moreover, metal self-tapping screw exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), threefold. The third position in this ranking was taken by Swaziland (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia stood at 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).

In value terms, Namibia ($X) remains the key foreign market for iron or steel self-tapping screws exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Botswana ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia stood at 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

In 2022, the average metal self-tapping screw export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price 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, metal self-tapping screw export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

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Metal Self-Tapping Screw Imports

Imports into South Africa

In 2022, approx. X tons of iron or steel self-tapping screws were imported into South Africa; growing by X% on the year before. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, metal self-tapping screw imports skyrocketed to $X in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-tapping screw to South Africa, with a X% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to South Africa, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, 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: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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