SADC: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in SADC

The SADC metal self-tapping screw market rose markedly to $X in 2022, increasing by 7.6% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Self-Tapping Screw Production in SADC

In value terms, metal self-tapping screw production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 94% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Self-Tapping Screw Exports

Exports in SADC

In 2022, exports of iron or steel self-tapping screws in SADC declined slightly to X tons, flattening at 2021. Total exports indicated a modest expansion from 2012 to 2022: its volume 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, exports decreased by -28.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 119% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal self-tapping screw exports expanded remarkably to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 149% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was near 92% of total exports in 2022. It was distantly followed by Namibia (X tons), making up a 6.1% share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of iron or steel self-tapping screws. At the same time, Namibia (+32.1%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +32.1% from 2012-2022. From 2012 to 2022, the share of Namibia increased by +5.6 percentage points.

In value terms, South Africa ($X) remains the largest metal self-tapping screw supplier in SADC, comprising 94% of total exports. The second position in the ranking was taken by Namibia ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +5.6%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of 10% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-tapping screw export price increased by +15.3% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 51%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Namibia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.7%).

Metal Self-Tapping Screw Imports

Imports in SADC

In 2022, imports of iron or steel self-tapping screws in SADC dropped slightly to X tons, which is down by -2.9% on the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of X tons, and then dropped modestly in the following year.

In value terms, metal self-tapping screw imports rose remarkably to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +61.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was near 81% of total imports in 2022. Angola (X tons), Tanzania (X tons), Mozambique (X tons) and Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal self-tapping screw imports into South Africa stood at +7.3%. At the same time, Mozambique (+14.2%), Tanzania (+9.2%) and Namibia (+8.0%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +14.2% from 2012-2022. By contrast, Angola (-6.2%) illustrated a downward trend over the same period. While the share of South Africa (+7.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (-11 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel self-tapping screws in SADC, comprising 81% of total imports. The second position in the ranking was taken by Angola ($X), with a 6% share of total imports. It was followed by Tanzania, with a 2.5% share.

In South Africa, metal self-tapping screw imports expanded at an average annual rate of +7.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (-4.8% per year) and Tanzania (+9.6% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; afterwards, it flattened through to 2022.

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 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 Namibia (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform