Price for Chain and Parts Thereof, of Iron or Steel in South Africa - 2024
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in South Africa (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in South Africa (FOB) - 2024
- Imports of Chain and Parts Thereof, of Iron or Steel in South Africa
- Exports of Chain and Parts Thereof, of Iron or Steel in South Africa
Price for Chain and Parts Thereof, of Iron or Steel in South Africa (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $4,448 per ton, declining by -4.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.5%. Over the period under review, average import prices attained the maximum at $4,679 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($14,999 per ton), while the price for India ($2,136 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in South Africa (FOB) - 2024
In January 2024, the average export price for chain and parts thereof, of iron or steel amounted to $4,758 per ton, with a decrease of -16.1% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in February 2023 an increase of 35% month-to-month. The export price peaked at $5,671 per ton in December 2023, and then shrank significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($10,487 per ton), while the average price for exports to Israel ($2,153 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in South Africa
In 2022, imports of chain and parts thereof, of iron or steel into South Africa skyrocketed to 9.7K tons, rising by 27% compared with 2021. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel skyrocketed to $43M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 9.3 | 13.5 | 19.4 | 15.8% |
| Germany | 5.5 | 5.0 | 4.5 | 5.2 | -1.9% |
| United States | 5.4 | 3.7 | 3.6 | 4.7 | -4.5% |
| Japan | 3.8 | 2.5 | 3.8 | 4.3 | 4.2% |
| Austria | 1.6 | 1.0 | 1.5 | 2.3 | 12.9% |
| Italy | 2.2 | 3.3 | 2.4 | 2.2 | 0.0% |
| Taiwan (Chinese) | 0.9 | 0.6 | 0.7 | 0.8 | -3.9% |
| India | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Others | 4.7 | 5.6 | 4.6 | 3.8 | -6.8% |
| Total | 36.9 | 31.2 | 35.2 | 43.2 | 5.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to South Africa in 2022:
- China (6.7K tons)
- Germany (0.6K tons)
- Japan (0.5K tons)
- Italy (0.4K tons)
- Austria (0.4K tons)
- India (0.3K tons)
- United States (0.3K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Chain and Parts Thereof, of Iron or Steel in South Africa
In 2022, the amount of chain and parts thereof, of iron or steel exported from South Africa declined to 5.8K tons, falling by -4.5% on 2021. In general, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 when exports increased by 11%.
In value terms, exports of chain and parts thereof, of iron or steel rose markedly to $25M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Chain and Parts Thereof, of Iron or Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.1 | 2.4 | 5.4 | 4.5 | 13.2% |
| Zambia | 2.0 | 1.4 | 2.0 | 2.8 | 11.9% |
| United Kingdom | 2.4 | 1.2 | 2.6 | 2.3 | -1.4% |
| Zimbabwe | 1.7 | 1.9 | 1.7 | 2.1 | 7.3% |
| Swaziland | 1.7 | 2.1 | 1.3 | 1.6 | -2.0% |
| Brazil | 0.5 | 0.9 | 1.8 | 1.5 | 44.2% |
| Mozambique | 1.3 | 1.3 | 1.6 | 1.5 | 4.9% |
| Namibia | 1.1 | 1.2 | 1.4 | 1.3 | 5.7% |
| Democratic Republic of the Congo | 0.4 | 0.4 | 0.7 | 1.0 | 35.7% |
| Botswana | 1.3 | 0.5 | 0.7 | 0.9 | -11.5% |
| United States | 0.6 | 0.2 | 0.3 | 0.7 | 5.3% |
| Indonesia | 0.5 | 0.2 | 0.3 | 0.5 | 0.0% |
| Japan | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Others | 4.6 | 4.0 | 3.9 | 4.7 | 0.7% |
| Total | 21.7 | 17.9 | 23.7 | 25.5 | 5.5% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from South Africa in 2022:
- Germany (1696.9 tons)
- United Kingdom (746.4 tons)
- Brazil (503.7 tons)
- Zambia (400.9 tons)
- Swaziland (301.8 tons)
- Zimbabwe (235.0 tons)
- Namibia (229.5 tons)
- Mozambique (207.2 tons)
- United States (169.1 tons)
- Democratic Republic of the Congo (137.5 tons)
- Japan (121.9 tons)
- Botswana (109.8 tons)
- Indonesia (106.5 tons)
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