South Africa - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in South Africa - 2023
Contents:
- Metal Self-Locking Nut Price in South Africa (CIF) - 2023
- Metal Self-Locking Nut Price in South Africa (FOB) - 2022
- Metal Self-Locking Nut Imports in South Africa
- Metal Self-Locking Nut Exports in South Africa
Metal Self-Locking Nut Price in South Africa (CIF) - 2023
The average metal self-locking nut import price stood at $4,444 per ton in July 2023, declining by -22.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 129% month-to-month. The import price peaked at $7,019 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17,319 per ton), while the price for the Philippines ($1,618 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Self-Locking Nut Price in South Africa (FOB) - 2022
The average metal self-locking nut export price stood at $6,037 per ton in 2022, reducing by -3.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,262 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($12,206 per ton), while the average price for exports to Botswana ($2,352 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 Mozambique (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in South Africa
In 2022, approx. 9.9K tons of iron or steel nuts (including self-locking nuts) were imported into South Africa; rising by 11% on the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, metal self-locking nut imports reached $34M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Metal Self-Locking Nut in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.7 | 5.6 | 9.8 | 9.9 | 0.7% |
| Germany | 3.8 | 2.6 | 4.4 | 4.2 | 3.4% |
| Taiwan (Chinese) | 3.5 | 2.2 | 3.5 | 3.4 | -1.0% |
| India | 1.7 | 1.7 | 1.9 | 2.9 | 19.5% |
| Japan | 1.4 | 1.3 | 1.8 | 1.7 | 6.7% |
| Thailand | 1.5 | 1.4 | 1.7 | 1.6 | 2.2% |
| Italy | 1.1 | 0.9 | 1.1 | 1.0 | -3.1% |
| Philippines | 0.1 | 0.1 | 0.4 | 0.7 | 91.3% |
| South Korea | 0.4 | 0.3 | 0.6 | 0.7 | 20.5% |
| Malaysia | 0.4 | N/A | N/A | 0.4 | 0.0% |
| Others | 6.0 | 6.2 | 8.9 | 7.6 | 8.2% |
| Total | 29.4 | 22.4 | 33.9 | 34.1 | 5.1% |
Top Suppliers of Metal Self-Locking Nut to South Africa in 2022:
- China (5012.0 tons)
- Taiwan (Chinese) (1145.4 tons)
- India (896.6 tons)
- Germany (571.2 tons)
- Thailand (389.2 tons)
- Philippines (364.6 tons)
- Japan (291.4 tons)
- Malaysia (245.5 tons)
- South Korea (168.1 tons)
- Italy (110.3 tons)
Metal Self-Locking Nut Exports in South Africa
In 2022, approx. 1.3K tons of iron or steel nuts (including self-locking nuts) were exported from South Africa; surging by 13% against the year before. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, metal self-locking nut exports rose markedly to $7.7M in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Metal Self-Locking Nut in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 788 | 772 | 1,188 | 971 | 7.2% |
| Namibia | 908 | 767 | 901 | 958 | 1.8% |
| Zimbabwe | 596 | 774 | 843 | 894 | 14.5% |
| Zambia | 653 | 616 | 818 | 825 | 8.1% |
| Mozambique | 487 | 327 | 581 | 536 | 3.2% |
| Botswana | 837 | 693 | 811 | 520 | -14.7% |
| Swaziland | 321 | 314 | 221 | 370 | 4.8% |
| Canada | 36.7 | 59.6 | 63.8 | 363 | 114.7% |
| Ghana | 205 | 34.3 | 28.9 | 271 | 9.8% |
| Angola | 82.1 | 43.4 | 103 | 193 | 33.0% |
| Lesotho | 84.9 | 104 | 168 | 130 | 15.3% |
| Senegal | 37.6 | 9.8 | 4.9 | 69.3 | 22.6% |
| Malawi | 66.6 | 51.3 | 53.1 | 63.2 | -1.7% |
| Others | 1,785 | 1,352 | 1,260 | 1,512 | -5.4% |
| Total | 6,886 | 5,916 | 7,046 | 7,677 | 3.7% |
Top Export Markets for Metal Self-Locking Nut from South Africa in 2022:
- Botswana (221.2 tons)
- Namibia (149.3 tons)
- Swaziland (139.5 tons)
- Zimbabwe (126.3 tons)
- Democratic Republic of the Congo (117.7 tons)
- Zambia (80.9 tons)
- Ghana (63.3 tons)
- Mozambique (57.7 tons)
- Angola (41.6 tons)
- Canada (29.7 tons)
- Lesotho (29.0 tons)
- Senegal (25.7 tons)
- Malawi (22.1 tons)
This report provides an in-depth analysis of the metal self-locking nut market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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