SADC: Metal Castor Mounting Market 2024

Metal Castor Mounting Exports

Exports in SADC

In 2023, the amount of castors with mountings of base metal exported in SADC surged to X tons, increasing by X% compared with the previous year. Total exports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, metal castor mounting exports fell to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2023. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest metal castor mounting supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Metal Castor Mounting Imports

Imports in SADC

In 2023, overseas purchases of castors with mountings of base metal decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated modest growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, metal castor mounting imports declined sharply to $X in 2023. Total imports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2023, South Africa (X tons) was the key importer of castors with mountings of base metal, committing X% of total imports. It was distantly followed by Angola (X tons), Tanzania (X tons), Mozambique (X tons) and Mauritius (X tons), together making up a X% share of total imports. The following importers - Democratic Republic of the Congo (X tons) and Zambia (X tons) - each accounted for a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Mozambique (X%), Zambia (X%), Mauritius (X%), Angola (X%), Democratic Republic of the Congo (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Mozambique (X p.p.), Angola (X p.p.), Zambia (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal castor mounting importing markets in SADC were South Africa ($X), Angola ($X) and Mauritius ($X), with a combined X% share of total imports. Democratic Republic of the Congo, Tanzania, Zambia and Mozambique lagged somewhat behind, together comprising a further X%.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform