Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (FOB) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (FOB) - 2024
In January 2024, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $1,007 per ton, picking up by 5.4% against the previous month. Over the period under review, the export price, however, recorded a mild contraction. The growth pace was the most rapid in March 2023 an increase of 16% month-to-month. As a result, the export price attained the peak level of $1,179 per ton. From April 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In January 2024, the highest price was recorded for prices to Botswana ($1,165 per ton) and the United States ($1,106 per ton), while the average price for exports to Swaziland ($814 per ton) and Ghana ($820 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $780 per ton, rising by 105% against the previous year. In general, the import price, however, saw a pronounced reduction. Over the period under review, average import prices hit record highs at $1,022 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($3,690 per ton), while the price for China ($512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or non-alloy steel wire, plated or coated with zincs, when their volume increased by 1,795% to 40K tons. Overall, exports, however, faced a deep downturn.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs soared to $47M in 2022. Over the period under review, exports, however, showed a abrupt decline.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 5.7 | 7.3 | 0.6 | 14.4 | 36.2% |
| United Kingdom | 7.2 | 5.7 | 0.3 | 7.5 | 1.4% |
| Japan | 3.5 | 2.8 | 0.2 | 4.4 | 7.9% |
| Zambia | 1.9 | 2.1 | 0.2 | 4.2 | 30.3% |
| Ghana | 3.1 | 4.1 | 0.2 | 3.9 | 8.0% |
| Botswana | 2.6 | 3.8 | 0.2 | 3.5 | 10.4% |
| United States | 2.8 | 1.5 | 0.1 | 2.3 | -6.3% |
| Swaziland | 0.7 | 0.8 | 0.1 | 1.2 | 19.7% |
| Portugal | 1.1 | 1.3 | N/A | 0.9 | -6.5% |
| Namibia | 0.9 | 0.6 | N/A | 0.9 | 0.0% |
| Belgium | 2.8 | 0.5 | N/A | 0.5 | -43.7% |
| Kenya | 32.0 | 0.1 | N/A | N/A | -99.7% |
| Others | 3.0 | 2.2 | 0.2 | 3.4 | 4.3% |
| Total | 67.3 | 32.8 | 2.1 | 47.0 | -11.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from South Africa in 2022:
- Zimbabwe (12.3K tons)
- United Kingdom (5.5K tons)
- Japan (4.4K tons)
- Ghana (4.3K tons)
- Zambia (2.9K tons)
- Botswana (2.9K tons)
- United States (1.6K tons)
- Swaziland (0.9K tons)
- Portugal (0.7K tons)
- Namibia (0.7K tons)
- Belgium (0.5K tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa
In 2022, after two years of decline, there was significant growth in supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs, when their volume increased by 377% to 6.2K tons. In general, imports, however, recorded a deep contraction.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs soared to $4.8M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,729 | 1,650 | 249 | 2,369 | -4.6% |
| Germany | 482 | 186 | 13.7 | 584 | 6.6% |
| France | 596 | 32.1 | 49.6 | 518 | -4.6% |
| Belgium | 405 | 277 | 32.5 | 365 | -3.4% |
| Turkey | 158 | 158 | 49.5 | 225 | 12.5% |
| Spain | N/A | N/A | 7.4 | 194 | 2521.6% |
| United Arab Emirates | N/A | 23.9 | 10.9 | 156 | 155.5% |
| Oman | N/A | 38.6 | 17.7 | N/A | -54.1% |
| Others | 566 | 375 | 65.2 | 437 | -8.3% |
| Total | 4,935 | 2,740 | 495 | 4,848 | -0.6% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to South Africa in 2022:
- China (4626.5 tons)
- France (313.6 tons)
- Belgium (307.8 tons)
- United Arab Emirates (289.4 tons)
- Germany (158.3 tons)
- Turkey (147.8 tons)
- Spain (133.8 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
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