Africa: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Africa

In 2021, the African metal self-locking nut market increased by 7% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Self-Locking Nut Production in Africa

In value terms, metal self-locking nut production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 51% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Metal Self-Locking Nut Exports

Exports in Africa

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were exported in Africa; declining by -8.4% on the year before. Over the period under review, exports showed a mild downturn. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports contracted to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. 87% of total exports in 2021. Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal self-locking nut exports from South Africa stood at -1.9%. At the same time, Morocco (+1.9%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of +1.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest metal self-locking nut supplier in Africa, comprising 71% of total exports. The second position in the ranking was held by Morocco ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled -1.5%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+4.5%).

Metal Self-Locking Nut Imports

Imports in Africa

In 2021, overseas purchases of iron or steel nuts (including self-locking nuts) decreased by -10.7% to X tons, falling for the second consecutive year after eight years of growth. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 15%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, metal self-locking nut imports surged to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 16%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, South Africa (X tons), distantly followed by Egypt (X tons), Morocco (X tons) and Algeria (X tons) represented the main importers of iron or steel nuts (including self-locking nuts), together committing 66% of total imports. The following importers - Tunisia (X tons), Tanzania (X tons), Kenya (X tons), Nigeria (X tons), Mozambique (X tons) and Ghana (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mozambique (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel nuts (including self-locking nuts) in Africa, comprising 31% of total imports. The second position in the ranking was held by Morocco ($X), with a 15% share of total imports. It was followed by Egypt, with an 8.6% share.

In South Africa, metal self-locking nut imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+5.7% per year) and Egypt (+5.2% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, surging by 30% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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