SADC: Base Metal Hook Market 2025

Base Metal Hook Market Size in SADC

For the fourth consecutive year, the SADC base metal hook market recorded growth in sales value, which increased by 7% to $X in 2022. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.5% against 2017 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Base Metal Hook Production in SADC

In value terms, base metal hook production expanded notably to $X in 2022 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Base Metal Hook Exports

Exports in SADC

In 2022, shipments abroad of base metal hooks, eyes and eyelets increased by 43% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, base metal hook exports rose notably to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near 95% of total exports in 2022. Namibia (X tons) and Mauritius (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +3.2% from 2012 to 2022. At the same time, Namibia (+26.5%) and Mauritius (+24.5%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +26.5% from 2012-2022. While the share of Namibia (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest base metal hook supplier in SADC, comprising 79% of total exports. The second position in the ranking was held by Mauritius ($X), with an 18% share of total exports.

In South Africa, base metal hook exports increased at an average annual rate of +3.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (+29.1% per year) and Namibia (+21.5% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by -21.9% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal hook export price increased by +20.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 54%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Mauritius ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Hook Imports

Imports in SADC

In 2022, overseas purchases of base metal hooks, eyes and eyelets increased by 20% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, base metal hook imports declined to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was approx. 64% of total imports in 2022. Tanzania (X tons) took an 8.6% share (based on physical terms) of total imports, which put it in second place, followed by Angola (4.6%). Zambia (X tons), Democratic Republic of the Congo (X tons), Madagascar (X tons), Namibia (X tons), Lesotho (X tons), Botswana (X tons) and Mozambique (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Lesotho (+27.8%), Zambia (+9.3%), Democratic Republic of the Congo (+8.6%), Namibia (+4.4%), Madagascar (+3.8%), Angola (+3.6%) and Botswana (+3.3%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +27.8% from 2012-2022. Mozambique experienced a relatively flat trend pattern. By contrast, Tanzania (-4.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Lesotho increased by +22 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported base metal hooks, eyes and eyelets in SADC, comprising 50% of total imports. The second position in the ranking was taken by Madagascar ($X), with an 11% share of total imports. It was followed by Tanzania, with a 7.4% share.

In South Africa, base metal hook imports expanded at an average annual rate of +3.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Madagascar (+7.8% per year) and Tanzania (-1.2% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, shrinking by -17.6% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2013 when the import price increased by 5.9%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform