Price for Steel, Stainless; Angles, Shapes and Sections in South Africa - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in South Africa (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in South Africa (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in South Africa
- Exports of Steel, Stainless; Angles, Shapes and Sections in South Africa
Price for Steel, Stainless; Angles, Shapes and Sections in South Africa (CIF) - 2022
The average import price for steel, stainless stood at $4,058 per ton in 2022, surging by 22% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($25,460 per ton), while the price for Botswana ($304 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in South Africa (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $2,161 per ton, picking up by 30% against the previous year. Over the period under review, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of 103%. Over the period under review, the average export prices reached the maximum at $5,694 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($2,840 per ton), while the average price for exports to Lesotho ($923 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 Swaziland (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Stainless; Angles, Shapes and Sections in South Africa
Imports of steel, stainless into South Africa shrank to 1.1K tons in 2022, waning by -6% compared with 2021. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 1.2K tons, and then declined in the following year.
In value terms, imports of steel, stainless totaled $4.4M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.6% 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 +71.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.0 | 1.1 | 1.6 | 2.4 | 6.3% |
| China | 0.8 | 0.9 | 2.0 | 2.0 | 35.7% |
| Germany | 0.1 | 0.4 | 0.1 | N/A | 0.0% |
| Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Total | 3.2 | 2.6 | 3.9 | 4.4 | 11.2% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to South Africa in 2022:
- China (551.0 tons)
- India (538.3 tons)
- Germany (2.9 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in South Africa
In 2022, shipments abroad of steel, stainless decreased by -44.7% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year.
In value terms, exports of steel, stainless rose sharply to $2M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 154 | 521 | 494 | 504 | 48.5% |
| Democratic Republic of the Congo | 283 | 81.7 | 287 | 331 | 5.4% |
| Malawi | 12.3 | 47.3 | 1.0 | 301 | 190.3% |
| Swaziland | 194 | 444 | 149 | 220 | 4.3% |
| Mozambique | 210 | 169 | 65.8 | 149 | -10.8% |
| Zimbabwe | 47.7 | 49.5 | 35.6 | 132 | 40.4% |
| Botswana | 217 | 53.3 | 128 | 112 | -19.8% |
| Cote d'Ivoire | N/A | N/A | 90.9 | N/A | 0% |
| Others | 612 | 343 | 549 | 296 | -21.5% |
| Total | 1,730 | 1,708 | 1,800 | 2,046 | 5.8% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from South Africa in 2022:
- Namibia (273.0 tons)
- Malawi (231.4 tons)
- Democratic Republic of the Congo (116.7 tons)
- Mozambique (106.7 tons)
- Swaziland (100.9 tons)
- Botswana (99.7 tons)
- Zimbabwe (61.4 tons)
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