South Africa: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in South Africa

In 2021, after two years of decline, there was significant growth in the South African rubber-to-metal and moulded article market, when its value increased by 73% to $X. In general, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from South Africa

In 2021, exports of rubber-to-metal and moulded articles from South Africa expanded rapidly to X tons, increasing by 6.3% against the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 41%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. In general, exports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of rubber-to-metal and moulded article exports from South Africa, with a combined 52% share of total exports. Zimbabwe, Swaziland, Democratic Republic of the Congo, Lesotho, Mozambique, Peru, Germany, the United States, Australia and Mali lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +51.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber-to-metal and moulded article exported from South Africa were Namibia ($X), Botswana ($X) and Zambia ($X), with a combined 37% share of total exports. Democratic Republic of the Congo, Zimbabwe, Mozambique, the United States, Germany, Swaziland, Mali, Lesotho, Peru and Australia lagged somewhat behind, together accounting for a further 39%.

Peru, with a CAGR of +44.3%, saw the highest growth rate of 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 rubber-to-metal and moulded article export price stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the export price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2014 an increase of 29% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Botswana ($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 Germany (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into South Africa

In 2021, after two years of decline, there was significant growth in supplies from abroad of rubber-to-metal and moulded articles, when their volume increased by 32% to X tons. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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.

In value terms, rubber-to-metal and moulded article imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% 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

China (X tons), Turkey (X tons) and Thailand (X tons) were the main suppliers of rubber-to-metal and moulded article imports to South Africa, with a combined 57% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +48.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to South Africa were Japan ($X), China ($X) and Germany ($X), with a combined 41% share of total imports. Thailand, the United States, Spain, Turkey, India and Malaysia lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Turkey, with a CAGR of +24.5%, recorded the highest rates of growth with regard to 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

In 2021, the average rubber-to-metal and moulded article import price amounted to $X per ton, growing by 26% against the previous year. In general, the import price, however, showed a pronounced downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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