SADC: Metal Spring Washer Market 2025

Metal Spring Washer Market Size in SADC

The SADC metal spring washer market rose significantly to $X in 2022, increasing by 6.5% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Spring Washer Production in SADC

In value terms, metal spring washer production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Metal Spring Washer Exports

Exports in SADC

In 2022, shipments abroad of iron or steel spring washers decreased by -44.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 41% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal spring washer exports declined markedly to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 50%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near 90% of total exports in 2022. The following exporters - Mozambique (X tons) and Namibia (X tons) - each recorded a 7.4% share 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%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of +44.2% from 2012-2022. By contrast, Namibia (-3.4%) illustrated a downward trend over the same period. Mozambique (+3.8 p.p.) and Namibia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest metal spring washer supplier in SADC, comprising 90% of total exports. The second position in the ranking was taken by Namibia ($X), with a 6.1% share of total exports.

In South Africa, metal spring washer exports decreased by an average annual rate of -12.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (+4.7% per year) and Mozambique (+7.1% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by 8.5% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the export price increased by 64% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 SADC

In 2022, purchases abroad of iron or steel spring washers increased by 14% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw noticeable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 139% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, metal spring washer imports expanded significantly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 23%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was approx. 78% of total imports in 2022. It was distantly followed by Tanzania (X tons), constituting a 6.6% share of total imports. Angola (X tons), Mozambique (X tons), Zambia (X tons) and Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal spring washer imports into South Africa stood at +8.8%. At the same time, Mozambique (+11.5%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +11.5% from 2012-2022. Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Tanzania (-4.2%), Angola (-8.1%) and Zambia (-11.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Mozambique increased by +30 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported iron or steel spring washers in SADC, comprising 72% of total imports. The second position in the ranking was held by Angola ($X), with a 10% share of total imports. It was followed by Zambia, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +3.8%. In the other countries, the average annual rates were as follows: Angola (-10.7% per year) and Zambia (-8.5% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, which is down by -3.7% against the previous year. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 30% 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 Angola ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform