South Africa: Market for Iron or Steel Hot-Worked Helical Springs 2025

Market Size for Iron or Steel Hot-Worked Helical Springs in South Africa

After two years of decline, the South African metal hot-worked helical spring market increased by 15% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Iron or Steel Hot-Worked Helical Springs in South Africa

In value terms, metal hot-worked helical spring production surged to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27%. Metal hot-worked helical spring production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from South Africa

For the third year in a row, South Africa recorded growth in shipments abroad of iron or steel hot-worked helical springs, which increased by 32% to X tons in 2021. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 66%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring exports skyrocketed to $X in 2021. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 37%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons) was the main destination for metal hot-worked helical spring exports from South Africa, accounting for a 45% share of total exports. Moreover, metal hot-worked helical spring exports to Zimbabwe exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+13.4% per year) and France (+257.5% per year).

In value terms, the largest markets for metal hot-worked helical spring exported from South Africa were Zimbabwe ($X), Japan ($X) and France ($X), with a combined 56% share of total exports.

Among the main countries of destination, France, with a CAGR of +262.0%, saw 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 metal hot-worked helical spring export price stood at $X per ton in 2021, dropping by -2.9% against the previous year. Overall, the export price saw a pronounced setback. The pace of growth was the most pronounced in 2018 an increase of 36%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into South Africa

After two years of decline, purchases abroad of iron or steel hot-worked helical springs increased by 12% to X tons in 2021. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 135% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of metal hot-worked helical spring imports to South Africa, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +110.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to South Africa, comprising 27% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Brazil, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.8% per year) and Brazil (-0.2% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, growing by 41% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 47%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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