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South Africa - Base Metal Hinges - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Hinge Price in South Africa - 2023
Contents:
- Base Metal Hinge Price in South Africa (CIF) - 2022
- Base Metal Hinge Price in South Africa (FOB) - 2023
- Base Metal Hinge Imports in South Africa
- Base Metal Hinge Exports in South Africa
Base Metal Hinge Price in South Africa (CIF) - 2022
In 2022, the average base metal hinge import price amounted to $3,733 per ton, which is down by -2.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, average import prices reached the maximum at $3,869 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16,186 per ton), while the price for India ($2,111 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced a decline.
Base Metal Hinge Price in South Africa (FOB) - 2023
The average base metal hinge export price stood at $3,473 per ton in July 2023, falling by -4.7% against the previous month. Over the period under review, export price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, base metal hinge export price increased by +22.5% against May 2023 indices. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 55% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,029 per ton in February 2023; however, from March 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($8,589 per ton), while the average price for exports to Lesotho ($843 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+94.8%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Hinge Imports in South Africa
In 2022, approx. 5.3K tons of base metal hinges were imported into South Africa; falling by -12.3% compared with 2021 figures. Overall, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports reached the peak of 6K tons, and then dropped in the following year.
In value terms, base metal hinge imports fell to $20M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $23M, and then dropped in the following year.
Import of Base Metal Hinge in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.4 | 8.4 | 12.8 | 11.4 | 6.6% |
United States | 2.7 | 2.2 | 3.0 | 2.6 | -1.3% |
Turkey | 0.9 | 0.9 | 1.2 | 1.1 | 6.9% |
Austria | 0.7 | 0.7 | 1.2 | 0.9 | 8.7% |
Germany | 1.1 | 0.6 | 1.2 | 0.9 | -6.5% |
India | 0.5 | 0.5 | 0.9 | 0.5 | 0.0% |
Others | 3.0 | 2.6 | 2.7 | 2.2 | -9.8% |
Total | 18.3 | 15.8 | 22.9 | 19.7 | 2.5% |
Top Suppliers of Base Metal Hinge to South Africa in 2022:
- China (4217.7 tons)
- Turkey (275.5 tons)
- India (246.5 tons)
- United States (158.6 tons)
- Austria (129.4 tons)
- Germany (75.6 tons)
Base Metal Hinge Exports in South Africa
In 2022, overseas shipments of base metal hinges were finally on the rise to reach 912 tons after two years of decline. Overall, exports, however, saw a abrupt contraction.
In value terms, base metal hinge exports expanded to $3.2M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked in 2022 and are likely to continue growth in the near future.
Export of Base Metal Hinge in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Namibia | 860 | 680 | 789 | 678 | -7.6% |
Botswana | 464 | 443 | 536 | 572 | 7.2% |
Zimbabwe | 363 | 360 | 426 | 425 | 5.4% |
Swaziland | 212 | 243 | 284 | 262 | 7.3% |
Mozambique | 150 | 194 | 167 | 203 | 10.6% |
Lesotho | 286 | 156 | 168 | 182 | -14.0% |
Zambia | 126 | 110 | 224 | 143 | 4.3% |
Malawi | 78.4 | 93.6 | 82.0 | 96.5 | 7.2% |
Others | 551 | 335 | 470 | 666 | 6.5% |
Total | 3,091 | 2,615 | 3,145 | 3,228 | 1.5% |
Top Export Markets for Base Metal Hinge from South Africa in 2022:
- Botswana (221.3 tons)
- Zimbabwe (164.7 tons)
- Lesotho (161.1 tons)
- Namibia (146.5 tons)
- Swaziland (57.8 tons)
- Malawi (41.8 tons)
- Mozambique (29.7 tons)
- Zambia (23.2 tons)
This report provides an in-depth analysis of the base metal hinge 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 25721410 - Base metal hinges
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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