Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa - 2024
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (CIF) - 2024
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (FOB) - 2024
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (CIF) - 2024
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $2,789 per ton in December 2023, with a decrease of -7.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 15% m-o-m. As a result, import price attained the peak level of $3,212 per ton. From August 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was India ($3,067 per ton), while the price for China ($2,606 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (FOB) - 2024
In December 2023, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $9,784 per ton, jumping by 66% against the previous month. In general, the export price saw a buoyant increase. The growth pace was the most rapid in July 2023 an increase of 74% m-o-m. Over the period under review, the average export prices attained the peak figure in December 2023.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United Arab Emirates ($22,595 per ton), while the average price for exports to Namibia ($1,306 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa
In 2022, imports of aluminium; alloys, bars, rods and profiles, other than hollows into South Africa contracted to 29K tons, waning by -8% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of 32K tons, and then dropped in the following year.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows fell to $91M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of $97M, and then dropped in the following year.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.3 | 61.2 | 85.3 | 80.7 | 9.6% |
| India | 1.5 | 1.5 | 3.1 | 2.5 | 18.6% |
| Others | 5.9 | 4.7 | 8.8 | 7.3 | 7.4% |
| Total | 68.7 | 67.4 | 97.3 | 90.5 | 9.6% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to South Africa in 2022:
- China (27.7K tons)
- India (0.6K tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa
In 2022, the amount of aluminium; alloys, bars, rods and profiles, other than hollows exported from South Africa surged to 1.5K tons, increasing by 45% compared with the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows soared to $6.5M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 335 | 918 | 968 | 1,500 | 64.8% |
| Zambia | 1,365 | 1,178 | 1,367 | 1,384 | 0.5% |
| Lesotho | 153 | 24.4 | 165 | 1,102 | 93.1% |
| Botswana | 268 | 667 | 429 | 666 | 35.5% |
| Namibia | 168 | 133 | 171 | 394 | 32.9% |
| Mozambique | 164 | 74.1 | 209 | 194 | 5.8% |
| Swaziland | 121 | 99.6 | 115 | 171 | 12.2% |
| Malawi | 336 | 258 | 141 | 16.6 | -63.3% |
| Others | 666 | 771 | 777 | 1,034 | 15.8% |
| Total | 3,577 | 4,122 | 4,342 | 6,462 | 21.8% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from South Africa in 2022:
- Zimbabwe (725.6 tons)
- Lesotho (178.8 tons)
- Zambia (122.9 tons)
- Botswana (120.2 tons)
- Namibia (110.3 tons)
- Swaziland (96.8 tons)
- Mozambique (42.1 tons)
- Malawi (1.8 tons)
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