Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,635 per ton, growing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,746 per ton), while the price for Turkey ($1,133 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,272 per ton in 2022, picking up by 11% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses increased by +52.9% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 88%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($1,559 per ton), while the average price for exports to Ghana ($383 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 Zambia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa
Imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses into South Africa fell notably to 2.9K tons in 2022, with a decrease of -26.3% on 2021. Over the period under review, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 3.9K tons, and then declined significantly in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses fell to $4.7M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 +60.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $5M, and then fell in the following year.
Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 1,289 | 1,115 | 2,333 | 3,083 | 33.7% |
Czech Republic | 522 | 908 | 715 | 957 | 22.4% |
China | 875 | 286 | 768 | 262 | -33.1% |
Germany | 131 | 52.3 | 173 | 129 | -0.5% |
Turkey | 18.4 | 41.1 | 90.7 | 125 | 89.4% |
South Korea | 738 | 412 | 804 | 84.4 | -51.5% |
Others | 266 | 122 | 134 | 67.7 | -36.6% |
Total | 3,840 | 2,936 | 5,019 | 4,707 | 7.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to South Africa in 2022:
- Spain (2002.9 tons)
- Czech Republic (495.0 tons)
- China (137.5 tons)
- Turkey (109.9 tons)
- Germany (75.9 tons)
- South Korea (38.7 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa
In 2022, shipments abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses decreased by -5.7% to 1.1K tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses expanded modestly to $1.4M in 2022. Over the period under review, exports showed a pronounced shrinkage.
Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zimbabwe | 215 | 187 | 446 | 374 | 20.3% |
Zambia | 189 | 210 | 14.3 | 302 | 16.9% |
Lesotho | 206 | 209 | 249 | 184 | -3.7% |
Namibia | 97.0 | 106 | 33.1 | 135 | 11.6% |
Swaziland | 194 | 172 | 210 | 108 | -17.7% |
Malawi | 61.3 | 95.5 | 31.4 | 56.1 | -2.9% |
Botswana | 108 | 45.7 | 94.4 | 52.7 | -21.3% |
Ghana | 0.5 | 26.4 | N/A | 18.8 | 235.0% |
Japan | N/A | 205 | N/A | N/A | 0% |
Others | 433 | 208 | 230 | 140 | -31.4% |
Total | 1,504 | 1,465 | 1,309 | 1,371 | -3.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from South Africa in 2022:
- Zimbabwe (250.3 tons)
- Lesotho (224.5 tons)
- Zambia (193.9 tons)
- Namibia (103.4 tons)
- Swaziland (71.3 tons)
- Malawi (49.7 tons)
- Ghana (49.1 tons)
- Botswana (22.1 tons)
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
This report provides an in-depth analysis of the global market for iron and steel wire.
This report provides an in-depth analysis of the global market for iron and steel wire.
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