Price for Aluminium; Alloys, Hollow Profiles in South Africa - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in South Africa (CIF) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in South Africa (FOB) - 2022
- Imports of Aluminium; Alloys, Hollow Profiles in South Africa
- Exports of Aluminium; Alloys, Hollow Profiles in South Africa
Price for Aluminium; Alloys, Hollow Profiles in South Africa (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $2,850 per ton in July 2023, falling by -9.9% against the previous month. Overall, the import price saw a perceptible slump. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 22% m-o-m. Over the period under review, average import prices hit record highs at $4,498 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Mauritius ($3,725 per ton), while the price for China amounted to $2,688 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mauritius (-1.1%).
Price for Aluminium; Alloys, Hollow Profiles in South Africa (FOB) - 2022
The average aluminium; alloys, hollow profiles export price stood at $4,036 per ton in 2022, with an increase of 3.9% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium; alloys, hollow profiles export price increased by +76.3% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36%. The export price peaked at $4,056 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($8,141 per ton), while the average price for exports to Lesotho ($892 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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Hollow Profiles in South Africa
After three years of growth, purchases abroad of aluminium; alloys, hollow profileses decreased by -7.4% to 9.7K tons in 2022. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 10K tons, and then contracted in the following year.
In value terms, aluminium; alloys, hollow profiles imports expanded significantly to $35M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Aluminium; Alloys, Hollow Profiles in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 16.7 | 22.6 | 20.7 | 4.2% |
| Mauritius | N/A | 2.6 | 6.8 | 12.3 | 117.5% |
| Others | 3.6 | 2.4 | 3.0 | 1.6 | -23.7% |
| Total | 21.9 | 21.7 | 32.4 | 34.6 | 16.5% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to South Africa in 2022:
- China (6.4K tons)
- Mauritius (3.1K tons)
Exports of Aluminium; Alloys, Hollow Profiles in South Africa
In 2022, overseas shipments of aluminium; alloys, hollow profileses increased by 12% to 326 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback.
In value terms, aluminium; alloys, hollow profiles exports surged to $1.3M in 2022. In general, exports, however, recorded a noticeable setback.
| Export of Aluminium; Alloys, Hollow Profiles in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 649 | 422 | 472 | 561 | -4.7% |
| Zimbabwe | 430 | 317 | 175 | 211 | -21.1% |
| Malawi | 126 | 326 | 143 | 144 | 4.6% |
| Democratic Republic of the Congo | 3.3 | N/A | 4.2 | 128 | 238.5% |
| Australia | 7.7 | 43.1 | 44.0 | 67.8 | 106.5% |
| Namibia | 37.8 | 46.0 | 88.7 | 63.1 | 18.6% |
| Mozambique | 67.8 | 11.4 | 15.8 | 35.8 | -19.2% |
| Lesotho | 6.7 | 2.3 | 13.4 | 33.9 | 71.7% |
| Botswana | 68.1 | 26.1 | 24.9 | 12.1 | -43.8% |
| Germany | N/A | N/A | 87.0 | N/A | 0% |
| Others | 83.2 | 199 | 63.8 | 58.9 | -10.9% |
| Total | 1,480 | 1,393 | 1,132 | 1,315 | -3.9% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from South Africa in 2022:
- Zimbabwe (118.9 tons)
- Swaziland (68.9 tons)
- Lesotho (38.0 tons)
- Malawi (31.0 tons)
- Democratic Republic of the Congo (30.6 tons)
- Australia (12.2 tons)
- Namibia (10.8 tons)
- Mozambique (7.1 tons)
- Botswana (2.5 tons)
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