South Africa: Market for Iron Or Steel Anchors, Grapnels 2024

Market Size for Iron Or Steel Anchors, Grapnels in South Africa

The South African metal anchors and grapnels market dropped to $X in 2022, waning by -12% against the previous year. In general, consumption saw a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Anchors, Grapnels in South Africa

In value terms, metal anchors and grapnels production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 31%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Anchors, Grapnels

Exports from South Africa

In 2022, overseas shipments of iron or steel anchors, grapnels increased by 68% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 104% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal anchors and grapnels exports surged to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for metal anchors and grapnels exports from South Africa, accounting for a 41% share of total exports. Moreover, metal anchors and grapnels exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Zimbabwe (X units), threefold. Namibia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+32.2% per year) and Namibia (+0.3% per year).

In value terms, Democratic Republic of the Congo ($X), Namibia ($X) and Zimbabwe ($X) constituted the largest markets for metal anchors and grapnels exported from South Africa worldwide, together accounting for 68% of total exports.

Democratic Republic of the Congo, with a CAGR of +37.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal anchors and grapnels export price stood at $X per unit in 2022, jumping by 38% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Anchors, Grapnels

Imports into South Africa

In 2022, the amount of iron or steel anchors, grapnels imported into South Africa reduced markedly to X units, falling by -44.6% against the year before. Overall, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, metal anchors and grapnels imports fell sharply to $X in 2022. In general, imports recorded a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest metal anchors and grapnels supplier to South Africa, with a 71% share of total imports. Moreover, metal anchors and grapnels imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sixfold. Namibia (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.6% per year) and Namibia (+14.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel anchors, grapnels to South Africa, comprising 66% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by Namibia, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.2% per year) and Namibia (+4.1% per year).

Import Prices by Country

In 2022, the average metal anchors and grapnels import price amounted to $X per unit, surging by 43% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of 47%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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