South Africa: Base Metal Keys Market 2025

Base Metal Keys Market Size in South Africa

In 2022, the South African base metal keys market increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Base Metal Keys Exports

Exports from South Africa

Base metal keys exports from South Africa shrank to X tons in 2022, reducing by -9.4% against 2021 figures. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 45%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal keys exports declined to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 53%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lesotho (X tons), Botswana (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of base metal keys exports from South Africa, together comprising 46% of total exports. Swaziland, Namibia, Mozambique, Zambia, Kenya, Zimbabwe and Angola lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +32.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for base metal keys exported from South Africa were Namibia ($X), Botswana ($X) and Lesotho ($X), together accounting for 49% of total exports. Mozambique, Democratic Republic of the Congo, Swaziland, Zimbabwe, Zambia, Kenya and Angola lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Kenya, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average base metal keys export price stood at $X per ton in 2022, with a decrease of -4.3% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal keys export price decreased by -15.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into South Africa

In 2022, overseas purchases of base metal keys increased by 10% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2018 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal keys imports rose slightly to $X in 2022. Overall, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Italy (X tons) and India (X tons) were the main suppliers of base metal keys imports to South Africa, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Japan ($X) were the largest base metal keys suppliers to South Africa, together accounting for 48% of total imports. Spain, Germany, the Czech Republic, India, the United States, the UK, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal keys import price stood at $X per ton in 2022, dropping by -5.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 23% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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