South Africa: Metal Chain Parts Market 2024

Metal Chain Parts Market Size in South Africa

The South African metal chain parts market reduced remarkably to $X in 2023, waning by X% against the previous year. Over the period under review, consumption recorded a abrupt slump. Metal chain parts consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Metal Chain Parts Production in South Africa

In value terms, metal chain parts production rose rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Metal chain parts production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Metal Chain Parts Exports

Exports from South Africa

In 2023, shipments abroad of parts of chains of iron or steel increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports posted slight growth. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal chain parts exports soared to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Swaziland (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main destinations of metal chain parts exports from South Africa, together comprising X% of total exports. The United States, Democratic Republic of the Congo, Namibia, Mozambique, Lesotho, Botswana, Malawi, Australia, Tanzania and Seychelles lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Zambia ($X) and Namibia ($X) were the largest markets for metal chain parts exported from South Africa worldwide, together accounting for X% of total exports. Mozambique, Democratic Republic of the Congo, Swaziland, the United States, Botswana, Malawi, Australia, Lesotho, Tanzania and Seychelles lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal chain parts export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Chain Parts Imports

Imports into South Africa

After two years of growth, overseas purchases of parts of chains of iron or steel decreased by X% to X tons in 2023. In general, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then fell sharply in the following year.

In value terms, metal chain parts imports fell sharply to $X in 2023. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of metal chain parts to South Africa, with a X% share of total imports. Moreover, metal chain parts imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2023, 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: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Germany ($X), China ($X) and Austria ($X) were the largest metal chain parts suppliers to South Africa, together accounting for X% of total imports. Spain, Botswana, Taiwan (Chinese), India, Italy, the UK and Belgium lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, 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 2023, the average metal chain parts import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a perceptible reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform