South Africa: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in South Africa

In 2022, the South African metal self-tapping screw market increased by 23% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Metal Self-Tapping Screw Exports

Exports from South Africa

In 2022, approx. X tons of iron or steel self-tapping screws were exported from South Africa; reducing by -5.7% compared with 2021 figures. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 124% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal self-tapping screw exports rose rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 160%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Namibia (X tons) was the main destination for metal self-tapping screw exports from South Africa, accounting for a 39% share of total exports. Moreover, metal self-tapping screw exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), threefold. The third position in this ranking was held by Swaziland (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-1.1% per year) and Swaziland (-0.7% per year).

In value terms, Namibia ($X) remains the key foreign market for iron or steel self-tapping screws exports from South Africa, comprising 44% of total exports. The second position in the ranking was held by Botswana ($X), with a 15% share of total exports. It was followed by Swaziland, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Namibia amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+5.4% per year) and Swaziland (+9.2% per year).

Export Prices by Country

The average metal self-tapping screw export price stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-tapping screw export price increased by +19.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Nigeria ($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 Namibia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into South Africa

In 2022, approx. X tons of iron or steel self-tapping screws were imported into South Africa; increasing by 5.6% on the year before. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal self-tapping screw imports soared to $X in 2022. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-tapping screw to South Africa, accounting for a 70% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.1% per year) and Japan (+61.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to South Africa, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Japan, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.2% per year) and Japan (+42.4% per year).

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, rising by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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