Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa - 2023
Contents:
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (FOB) - 2023
- Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (CIF) - 2022
- Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa
- Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (FOB) - 2023
In July 2023, the average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $591 per ton, increasing by 24% against the previous month. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in January 2023 an increase of 179% month-to-month. As a result, the export price attained the peak level of $737 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Mozambique.
From December 2022 to July 2023, the rate of growth in terms of prices for India amounted to +0.7% per month.
Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (CIF) - 2022
In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,813 per ton, increasing by 8.5% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 51%. The import price peaked at $7,875 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +15.9% per year.
Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa
After three years of growth, shipments abroad of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -11% to 47K tons in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 160%. As a result, the exports reached the peak of 53K tons, and then reduced in the following year.
In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $15M in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 248% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.7 | 3.1 | 11.6 | 11.3 | 88.0% |
| Malaysia | N/A | N/A | 0.1 | 1.9 | 1800.0% |
| Mozambique | 0.4 | 0.6 | 0.7 | 0.7 | 20.5% |
| Ecuador | N/A | N/A | N/A | 0.3 | 0% |
| Pakistan | 0.6 | 0.3 | 0.3 | 0.2 | -30.7% |
| Australia | 0.7 | N/A | 0.7 | 0.1 | -47.7% |
| Others | 0.1 | 0.1 | 0.5 | 0.2 | 26.0% |
| Total | 3.4 | 4.0 | 13.8 | 14.7 | 62.9% |
Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from South Africa in 2022:
- India (38.4K tons)
- Malaysia (4.8K tons)
- Mozambique (1.1K tons)
- Ecuador (1.1K tons)
- Pakistan (0.5K tons)
- Australia (0.4K tons)
Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa
Imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses into South Africa reduced sharply to 1.3K tons in 2022, with a decrease of -15.4% against 2021. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 2.3% against the previous year.
In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses dropped to $2.3M in 2022. Overall, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +41.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of $2.5M, and then declined in the following year.
| Import of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.1 | 0.9 | 1.7 | 2.3 | 184.4% |
| Singapore | 1.9 | 0.6 | 0.6 | N/A | -43.8% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 2.0 | 1.6 | 2.5 | 2.3 | 4.8% |
Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to South Africa in 2022:
- Malaysia (1266.3 tons)
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