South Africa: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in South Africa

The South African cast iron household articles market expanded remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, enjoyed pronounced growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Table, Kitchen Or Household Articles Of Cast Iron in South Africa

In value terms, cast iron household articles production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a abrupt decrease. Cast iron household articles production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from South Africa

In 2022, overseas shipments of table, kitchen or household articles of cast iron were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports expanded modestly to $X in 2022. Overall, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Botswana (X tons) and Lesotho (X tons) were the main destinations of cast iron household articles exports from South Africa, with a combined X% share of total exports. New Zealand, Zambia, Australia, Swaziland, the UK and Zimbabwe lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Botswana ($X) and Lesotho ($X) were the largest markets for cast iron household articles exported from South Africa worldwide, together accounting for X% of total exports. New Zealand, Swaziland, Zambia, Australia, the UK and Zimbabwe lagged somewhat behind, together accounting for a further X%.

New Zealand, with a CAGR of X%, saw 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 cast iron household articles export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a slight setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while the average price for exports to Lesotho ($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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into South Africa

In 2022, imports of table, kitchen or household articles of cast iron into South Africa fell to X tons, shrinking by X% against the previous year. In general, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cast iron household articles imports stood at $X in 2022. Over the period under review, imports, however, posted notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main cast iron household articles supplier to South Africa, with a X% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, 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: France (X% per year) and Zimbabwe (X% per year).

In value terms, France ($X), China ($X) and Zimbabwe ($X) constituted the largest cast iron household articles suppliers to South Africa, together comprising X% of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated a prominent increase 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, cast iron household articles import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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