South Africa: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in South Africa

In 2021, the South African metal link chain parts market decreased by -18.7% to $X, falling for the seventh year in a row after three years of growth. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Iron Or Steel Parts Of Articulated Link Chain in South Africa

In value terms, metal link chain parts production surged to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt curtailment. Metal link chain parts production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from South Africa

After four years of decline, shipments abroad of iron or steel parts of articulated link chain increased by 18% to X tons in 2021. In general, exports, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal link chain parts exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a mild contraction. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Zambia (X tons), Malawi (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of metal link chain parts exports from South Africa, together comprising 48% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malawi (with a CAGR of +20.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal link chain parts exported from South Africa were Zambia ($X), Democratic Republic of the Congo ($X) and Malawi ($X), together comprising 47% of total exports.

Zambia, with a CAGR of +25.5%, saw the highest rates of growth with regard to the value of exports, among 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 link chain parts export price stood at $X per ton in 2021, increasing by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Lesotho ($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 Namibia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into South Africa

In 2021, supplies from abroad of iron or steel parts of articulated link chain was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when imports increased by 57%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal link chain parts imports contracted slightly to $X in 2021. Overall, imports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and Japan (X tons) were the main suppliers of metal link chain parts imports to South Africa, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +6.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest metal link chain parts suppliers to South Africa were China ($X), Japan ($X) and Italy ($X), with a combined 79% share of total imports.

Japan, with a CAGR of +4.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal link chain parts import price stood at $X per ton in 2021, which is down by -19.5% against the previous year. In general, the import price showed a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 20%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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