Price for Steel Alloy Wire of Silico-Manganese Steel in South Africa - 2024
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in South Africa (CIF) - 2024
- Price for Steel Alloy Wire of Silico-Manganese Steel in South Africa (FOB) - 2022
- Imports of Steel Alloy Wire of Silico-Manganese Steel in South Africa
- Exports of Steel Alloy Wire of Silico-Manganese Steel in South Africa
Price for Steel Alloy Wire of Silico-Manganese Steel in South Africa (CIF) - 2024
The average import price for steel alloy wire of silico-manganese steels stood at $1,034 per ton in January 2024, rising by 12% against the previous month. In general, the import price, however, saw a slight curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 53% m-o-m. As a result, import price attained the peak level of $1,469 per ton. From April 2023 to January 2024, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to +0.4% per month.
Price for Steel Alloy Wire of Silico-Manganese Steel in South Africa (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $3,614 per ton, with a decrease of -69.6% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 185%. As a result, the export price reached the peak level of $11,906 per ton, and then plummeted in the following year.
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 Namibia ($4,553 per ton), while the average price for exports to Malawi ($2,042 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 (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel Alloy Wire of Silico-Manganese Steel in South Africa
In 2022, purchases abroad of steel alloy wire of silico-manganese steels was finally on the rise to reach 7.2K tons after two years of decline. In general, imports, however, continue to indicate a perceptible decline.
In value terms, imports of steel alloy wire of silico-manganese steels skyrocketed to $9M in 2022. Overall, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel Alloy Wire of Silico-Manganese Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 5.4 | 0.9 | 8.0 | 7.2% |
| Czech Republic | 1.5 | 0.3 | 0.1 | 0.7 | -22.4% |
| Others | 0.5 | 0.4 | 0.1 | 0.4 | -7.2% |
| Total | 8.4 | 6.1 | 1.1 | 9.0 | 2.3% |
Top Suppliers of Steel Alloy Wire of Silico-Manganese Steel to South Africa in 2022:
- China (6.7K tons)
- Czech Republic (0.3K tons)
Exports of Steel Alloy Wire of Silico-Manganese Steel in South Africa
In 2022, approx. 39 tons of steel alloy wire of silico-manganese steels were exported from South Africa; jumping by 9,470% compared with the year before. In general, exports, however, showed a abrupt slump.
In value terms, exports of steel alloy wire of silico-manganese steels soared to $140K in 2022. Overall, exports recorded resilient growth.
| Export of Steel Alloy Wire of Silico-Manganese Steel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 37.2 | 66.1 | 1.1 | 86.4 | 32.4% |
| Democratic Republic of the Congo | N/A | N/A | 0.2 | 17.4 | 8600.0% |
| Lesotho | 0.2 | 172 | N/A | 12.5 | 296.9% |
| Zimbabwe | 11.4 | 17.1 | 1.0 | 8.9 | -7.9% |
| Mozambique | 1.9 | 4.9 | 0.3 | 5.6 | 43.4% |
| Malawi | N/A | 2.2 | N/A | 4.0 | 34.8% |
| Namibia | 0.4 | 11.8 | 1.6 | 2.0 | 71.0% |
| China | 20.6 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | 22.8 | N/A | N/A | 0% |
| Turkey | 10.0 | N/A | N/A | N/A | 0% |
| Others | 19.1 | 3.0 | 0.6 | 3.2 | -44.9% |
| Total | 101 | 300 | 4.8 | 140 | 11.5% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from South Africa in 2022:
- Zambia (24.1 tons)
- Democratic Republic of the Congo (4.0 tons)
- Lesotho (3.2 tons)
- Mozambique (2.5 tons)
- Zimbabwe (2.0 tons)
- Malawi (2.0 tons)
- Namibia (0.4 tons)
403
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
438
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
1993
This report provides an in-depth analysis of the global market for iron and steel wire.
608
This report provides an in-depth analysis of the global market for iron and steel wire.
871
In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1538
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
1072
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1268
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
700
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
964
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3577
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
786
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
308
Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
267
Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
