Africa: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in Africa

The African metal spring washer market was estimated at $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Metal Spring Washer Production in Africa

In value terms, metal spring washer production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Spring Washer Exports

Exports in Africa

After three years of growth, overseas shipments of iron or steel spring washers decreased by -43.5% to X tons in 2022. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2017 with an increase of 41% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports shrank significantly to $X in 2022. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 50% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near 86% of total exports in 2022. The following exporters - Mozambique (X tons), Namibia (X tons) and Tunisia (X tons) - together made up 9.4% of total exports.

Exports from South Africa decreased at an average annual rate of -22.0% from 2012 to 2022. At the same time, Mozambique (+44.2%) and Tunisia (+9.3%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +44.2% from 2012-2022. By contrast, Namibia (-3.4%) illustrated a downward trend over the same period. Mozambique (+3.6 p.p.), Namibia (+3 p.p.) and Tunisia (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -12.2% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal spring washer supplier in Africa, comprising 82% of total exports. The second position in the ranking was taken by Namibia ($X), with a 5.5% share of total exports. It was followed by Tunisia, with a 2.1% share.

In South Africa, metal spring washer exports plunged by an average annual rate of -12.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (+4.7% per year) and Tunisia (+6.7% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2013 when the export price increased by 57%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+12.7%), while the other leaders experienced mixed trends in the export price figures.

Metal Spring Washer Imports

Imports in Africa

For the third year in a row, Africa recorded growth in supplies from abroad of iron or steel spring washers, which increased by 8.3% to X tons in 2022. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 43%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, metal spring washer imports rose to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 18%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

South Africa represented the major importing country with an import of about X tons, which recorded 46% of total imports. It was distantly followed by Algeria (X tons), Egypt (X tons) and Nigeria (X tons), together achieving a 22% share of total imports. Tanzania (X tons), Sudan (X tons), Angola (X tons), Morocco (X tons), Tunisia (X tons), Cote d'Ivoire (X tons), Mozambique (X tons), Zambia (X tons) and Ethiopia (X tons) took a minor share of total imports.

Imports into South Africa increased at an average annual rate of +8.8% from 2012 to 2022. At the same time, Sudan (+24.6%), Cote d'Ivoire (+22.5%), Nigeria (+14.9%), Mozambique (+11.5%) and Algeria (+3.8%) displayed positive paces of growth. Moreover, Sudan emerged as the fastest-growing importer imported in Africa, with a CAGR of +24.6% from 2012-2022. By contrast, Tunisia (-2.0%), Egypt (-3.3%), Morocco (-4.0%), Tanzania (-4.2%), Ethiopia (-5.2%), Angola (-8.1%) and Zambia (-11.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Nigeria, Sudan and Cote d'Ivoire increased by +20, +4.5, +2.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Algeria ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 55% of total imports. Nigeria, Tunisia, Angola, Morocco, Zambia, Sudan, Ethiopia, Mozambique, Cote d'Ivoire and Tanzania lagged somewhat behind, together accounting for a further 30%.

Sudan, with a CAGR of +24.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, which is down by -3.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :