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South Africa - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Price in South Africa - 2023
Contents:
- Flat-Rolled Steel Products Price in South Africa (CIF) - 2023
- Flat-Rolled Steel Products Price in South Africa (FOB) - 2023
- Flat-Rolled Steel Products Imports in South Africa
- Flat-Rolled Steel Products Exports in South Africa
Flat-Rolled Steel Products Price in South Africa (CIF) - 2023
In July 2023, the average flat-rolled steel products import price amounted to $1,817 per ton, surging by 50% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($2,121 per ton), while the price for Germany ($1,075 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 China (+3.0%), while the prices for the other major suppliers experienced a decline.
Flat-Rolled Steel Products Price in South Africa (FOB) - 2023
The average flat-rolled steel products export price stood at $1,175 per ton in July 2023, dropping by -26.7% against the previous month. Over the period under review, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 37% month-to-month. The export price peaked at $1,604 per ton in June 2023, and then contracted dramatically in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Democratic Republic of the Congo ($3,329 per ton), while the average price for exports to Pakistan ($386 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 Pakistan (+1.5%), while the prices for the other major destinations experienced a decline.
Flat-Rolled Steel Products Imports in South Africa
Flat-rolled steel products imports into South Africa shrank markedly to 99K tons in 2022, waning by -29% on the year before. In general, imports recorded a slight slump. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports attained the peak of 140K tons, and then declined markedly in the following year.
In value terms, flat-rolled steel products imports contracted to $152M in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 108% against the previous year. As a result, imports reached the peak of $166M, and then declined in the following year.
Import of Flat-Rolled Steel Products in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 47.9 | 41.7 | 132 | 112 | 32.7% |
Japan | 28.3 | 29.8 | 22.3 | 19.7 | -11.4% |
Germany | 3.1 | 4.5 | 5.6 | 11.9 | 56.6% |
Netherlands | 13.4 | 0.3 | 2.7 | 4.5 | -30.5% |
Others | 9.1 | 3.4 | 3.5 | 3.6 | -26.6% |
Total | 102 | 79.8 | 166 | 152 | 14.2% |
Top Suppliers of Flat-Rolled Steel Products to South Africa in 2022:
- China (75.1K tons)
- Japan (13.3K tons)
- Germany (6.6K tons)
- Netherlands (2.3K tons)
Flat-Rolled Steel Products Exports in South Africa
Flat-rolled steel products exports from South Africa soared to 13K tons in 2022, surging by 20% against the previous year. In general, exports, however, recorded a deep setback.
In value terms, flat-rolled steel products exports rose rapidly to $16M in 2022. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year.
Export of Flat-Rolled Steel Products in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Swaziland | 5.2 | 3.8 | 6.1 | 6.0 | 4.9% |
Lesotho | 5.0 | 2.2 | 5.8 | 3.9 | -7.9% |
United States | 0.1 | N/A | N/A | 2.0 | 171.4% |
Portugal | N/A | N/A | N/A | 0.7 | 0% |
Namibia | 0.4 | 0.7 | 0.8 | 0.6 | 14.5% |
Zimbabwe | 1.1 | 1.1 | 0.7 | 0.5 | -23.1% |
Pakistan | 0.3 | N/A | 0.2 | 0.4 | 10.1% |
Malaysia | N/A | N/A | 0.1 | 0.4 | 300.0% |
United Kingdom | N/A | N/A | N/A | 0.3 | 0% |
Botswana | 3.9 | 0.5 | 0.4 | 0.3 | -57.5% |
India | 1.2 | 0.5 | 0.3 | 0.2 | -45.0% |
United Arab Emirates | N/A | 0.3 | 0.4 | 0.1 | -42.3% |
Philippines | 2.8 | 0.2 | N/A | N/A | -92.9% |
Others | 3.4 | 1.0 | 0.7 | 1.1 | -31.4% |
Total | 23.4 | 10.2 | 15.4 | 16.4 | -11.2% |
Top Export Markets for Flat-Rolled Steel Products from South Africa in 2022:
- Lesotho (3.8K tons)
- Swaziland (3.4K tons)
- United States (1.2K tons)
- Pakistan (1.1K tons)
- Malaysia (0.7K tons)
- India (0.6K tons)
- Portugal (0.5K tons)
- Zimbabwe (0.3K tons)
- United Arab Emirates (0.2K tons)
- Namibia (0.2K tons)
- United Kingdom (0.2K tons)
- Botswana (0.2K tons)
This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 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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Global Electrolytically Metal-Coated Sheet Market Report 2018. This report provides an in-depth analysis of the global electrolytically metal-coated sheet market.
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Explore the world's best import markets for flat-rolled steel products and key statistics. Learn about the leading countries in steel imports.
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