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South Africa - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in South Africa - 2023
Contents:
- Non-Alloy Steel U-Section Price in South Africa (FOB) - 2022
- Non-Alloy Steel U-Section Price in South Africa (CIF) - 2022
- Non-Alloy Steel U-Section Exports in South Africa
- Non-Alloy Steel U-Section Imports in South Africa
Non-Alloy Steel U-Section Price in South Africa (FOB) - 2022
In 2022, the average non-alloy steel u-section export price amounted to $1,078 per ton, surging by 7.4% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel u-section export price increased by +67.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 51% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($1,308 per ton), while the average price for exports to Kenya ($354 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 Namibia (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Alloy Steel U-Section Price in South Africa (CIF) - 2022
In 2022, the average non-alloy steel u-section import price amounted to $1,188 per ton, growing by 74% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 79% against the previous year. The import price peaked at $1,279 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($4,809 per ton), while the price for Germany ($623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel U-Section Exports in South Africa
In 2022, exports of u-sections of non-alloy steel from South Africa contracted to 18K tons, waning by -5.6% compared with the year before. Over the period under review, exports saw a deep downturn.
In value terms, non-alloy steel u-section exports reached $20M in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Non-Alloy Steel U-Section in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zimbabwe | 2.8 | 4.8 | 5.9 | 6.6 | 33.1% |
Zambia | 4.1 | 4.4 | 5.3 | 6.6 | 17.2% |
Botswana | 1.8 | 1.6 | 2.1 | 2.0 | 3.6% |
Democratic Republic of the Congo | 2.2 | 1.3 | 1.9 | 1.6 | -10.1% |
Namibia | 0.6 | 1.5 | 2.2 | 1.1 | 22.4% |
Mozambique | 0.7 | 0.7 | 0.7 | 0.7 | 0.0% |
Malawi | 0.6 | 0.6 | 0.8 | 0.5 | -5.9% |
Tanzania | 0.5 | 0.3 | N/A | 0.1 | -41.5% |
Kenya | 1.9 | 0.7 | N/A | N/A | -63.2% |
Uganda | 0.4 | 0.2 | N/A | N/A | -50.0% |
Hong Kong SAR | 1.0 | 0.4 | N/A | N/A | -60.0% |
Malaysia | 0.7 | 0.1 | N/A | N/A | -85.7% |
Others | 1.0 | 0.4 | 0.2 | 0.3 | -33.1% |
Total | 18.5 | 17.0 | 19.2 | 19.5 | 1.8% |
Top Export Markets for Non-Alloy Steel U-Section from South Africa in 2022:
- Kenya (undefinedK tons)
- Zambia (6.4K tons)
- Zimbabwe (6.3K tons)
- Botswana (1.8K tons)
- Democratic Republic of the Congo (1.3K tons)
- Namibia (0.9K tons)
- Mozambique (0.7K tons)
- Malawi (0.5K tons)
- Tanzania (0.1K tons)
Non-Alloy Steel U-Section Imports in South Africa
In 2022, supplies from abroad of u-sections of non-alloy steel decreased by -98.3% to 156 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 508%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, non-alloy steel u-section imports contracted significantly to $186K in 2022. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 420%. As a result, imports reached the peak of $7.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Non-Alloy Steel U-Section in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | N/A | N/A | N/A | 86.4 | 0% |
China | 158 | 59.6 | 41.7 | 32.4 | -41.0% |
United Kingdom | 1,237 | N/A | 6.9 | 31.1 | -70.7% |
Germany | 28.6 | 23.5 | 28.1 | 19.4 | -12.1% |
Italy | N/A | N/A | 12.9 | 15.8 | 22.5% |
Spain | N/A | 5,251 | 6,219 | N/A | 18.4% |
Bahrain | N/A | 2,210 | N/A | N/A | 0% |
Others | 26.4 | 2.0 | 0.1 | 0.9 | -67.6% |
Total | 1,450 | 7,546 | 6,309 | 186 | -49.6% |
Top Suppliers of Non-Alloy Steel U-Section to South Africa in 2022:
- Austria (42.5 tons)
- United Kingdom (42.1 tons)
- China (37.1 tons)
- Germany (31.2 tons)
- Italy (3.3 tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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
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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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