Report Update Nov 1, 2024

Sudan - Iron or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Metal Self-Locking Nut Market 2024

Metal Self-Locking Nut Market Size in Sudan

In 2021, after two years of growth, there was significant decline in the Sudanese metal self-locking nut market, when its value decreased by -78.9% to $X. Over the period under review, consumption continues to indicate a abrupt shrinkage. Metal self-locking nut consumption peaked at $X in 2020, and then dropped notably in the following year.

Metal Self-Locking Nut Exports

Exports from Sudan

In 2021, overseas shipments of iron or steel nuts (including self-locking nuts) decreased by -40% to X kg, falling for the second year in a row after two years of growth. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2016 with an increase of 193%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal self-locking nut exports declined significantly to $X in 2021. Over the period under review, exports faced a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of 180%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X kg) and Sri Lanka (X kg) were the main destinations of metal self-locking nut exports from Sudan. Moreover, metal self-locking nut exports in Uzbekistan exceeded the figures recorded by the second-largest exporter, Sri Lanka, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of 0.0%).

In value terms, Uzbekistan ($X) emerged as the key foreign market for iron or steel nuts (including self-locking nuts) exports from Sudan.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest.

Export Prices by Country

In 2021, the average metal self-locking nut export price amounted to $X per ton, rising by 41% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 110% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 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 Cameroon ($X per ton), while the average price for exports to Sri Lanka ($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 Russia (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Sudan

After two years of growth, overseas purchases of iron or steel nuts (including self-locking nuts) decreased by -82% to X tons in 2021. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 219% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then contracted remarkably in the following year.

In value terms, metal self-locking nut imports fell remarkably to $X in 2021. Overall, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 277% against the previous year. Imports peaked at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

China (X tons), India (X tons) and South Korea (X tons) were the main suppliers of metal self-locking nut imports to Sudan, together accounting for 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal self-locking nut suppliers to Sudan were China ($X), India ($X) and the United Arab Emirates ($X), with a combined 79% share of total imports.

In terms of the main suppliers, China, with a CAGR of +23.5%, saw the highest growth rate of 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 metal self-locking nut import price amounted to $X per ton, increasing by 25% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal self-locking nut import price increased by +90.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel nuts (including self-locking nuts) in the world?

The countries with the highest volumes of in 2021 were Canada, the United States and China, together accounting for 39% of global consumption. These countries were followed by India, Brazil, Germany, Japan, Spain, Italy, Mexico, South Korea, Turkey and Russia, which together accounted for a further 36%.

What are the largest producers of iron or steel nuts (including self-locking nuts) in the world?

China constituted the country with the largest volume of metal self-locking nut production, comprising approx. 49% of total volume. Moreover, metal self-locking nut production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fivefold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of iron or steel nuts (including self-locking nuts) to Sudan?

In value terms, China constituted the largest supplier of metal self-locking nut to Sudan, comprising 86% of total imports. The second position in the ranking was occupied by India, with a 5.7% share of total imports.

What is the average export price for iron or steel nuts (including self-locking nuts) in Sudan?

The average metal self-locking nut export price stood at $8,683 per ton in 2021, reducing by -47.4% against the previous year.

What is the average import price for iron or steel nuts (including self-locking nuts) in Sudan?

In 2021, the average metal self-locking nut import price amounted to $4,044 per ton, waning by -7.3% against the previous year.

This report provides an in-depth analysis of the metal self-locking nut market in Sudan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)

Country coverage:

Sudan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sudan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023