SADC: Winding Wire Market 2024

Winding Wire Market Size in SADC

In 2022, the SADC winding wire market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a pronounced slump. The growth pace was the most rapid in 2020 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Winding Wire Production in SADC

In value terms, winding wire production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Winding Wire Exports

Exports in SADC

In 2022, shipments abroad of winding wire for electrical purposes increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, winding wire exports expanded remarkably to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa represented the main exporting country with an export of around X tons, which finished at X% of total exports. Tanzania (X tons) took the second position in the ranking, followed by Zambia (X tons). All these countries together held near X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Tanzania (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest winding wire supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Winding Wire Imports

Imports in SADC

In 2022, the amount of winding wire for electrical purposes imported in SADC fell modestly to X tons, reducing by X% against the previous year's figure. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, winding wire imports rose to $X in 2022. In general, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Mozambique (X tons), Angola (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons) and Tanzania (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Zambia (X tons), making up a X% share of total imports. Botswana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Angola ($X) and Tanzania ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mozambique, Zambia, Democratic Republic of the Congo and Botswana lagged somewhat behind, together accounting for a further X%.

Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in SADC amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, 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