Price for Steel, Stainless; Ingots and Other Primary Forms in South Africa - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in South Africa (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in South Africa (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in South Africa
- Imports of Steel, Stainless; Ingots and Other Primary Forms in South Africa
Price for Steel, Stainless; Ingots and Other Primary Forms in South Africa (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $5,509 per ton in 2022, which is down by -10.2% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 190%. Over the period under review, the average export prices attained the peak figure at $6,767 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($6,228 per ton), while the average price for exports to Cameroon ($4,659 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 Zimbabwe (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Stainless; Ingots and Other Primary Forms in South Africa (CIF) - 2022
In 2022, the average import price for steel, stainless; ingots and other primary formses amounted to $41,905 per ton, with an increase of 862% against the previous year. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18,973%. As a result, import price attained the peak level of $8,653 per kg. From 2021 to 2022, the average import prices remained at a 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 Spain ($209,000 per ton), while the price for China ($3,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Ingots and Other Primary Forms in South Africa
Exports of steel, stainless; ingots and other primary formses from South Africa shrank significantly to 814 kg in 2022, declining by -91.9% compared with the previous year's figure. Overall, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 1,571%.
In value terms, exports of steel, stainless; ingots and other primary formses reduced rapidly to $4.5K in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 1,415%.
| Export of Steel, Stainless; Ingots and Other Primary Forms in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1.5 | N/A | N/A | 2.8 | 23.1% |
| Lesotho | 2.7 | N/A | N/A | 1.5 | -17.8% |
| Cameroon | N/A | N/A | 0.5 | 0.2 | -60.0% |
| Botswana | 0.4 | 0.3 | 21.0 | N/A | 624.6% |
| Mozambique | 14.4 | 2.5 | N/A | N/A | -82.6% |
| Swaziland | 38.2 | 0.2 | N/A | N/A | -99.5% |
| Namibia | 4.0 | N/A | 0.4 | N/A | -68.4% |
| Ethiopia | N/A | N/A | 38.8 | N/A | 0% |
| Angola | 30.1 | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | 0.6 | N/A | 0% |
| Others | 2.9 | 1.1 | 0.4 | N/A | -62.9% |
| Total | 94.3 | 4.1 | 61.6 | 4.5 | -63.7% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from South Africa in 2022:
- Zambia (447.0 kg)
- Lesotho (315.0 kg)
- Cameroon (41.0 kg)
Imports of Steel, Stainless; Ingots and Other Primary Forms in South Africa
Imports of steel, stainless; ingots and other primary formses into South Africa fell markedly to 21 kg in 2022, declining by -92.4% on the previous year. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 1,631% against the previous year. As a result, imports attained the peak of 277 kg, and then fell significantly in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses fell sharply to $880 in 2022. In general, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2020 when imports increased by 1,268% against the previous year. As a result, imports reached the peak of $138K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Stainless; Ingots and Other Primary Forms in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.4 | 0% |
| Netherlands | 2.5 | N/A | N/A | 0.3 | -50.7% |
| Spain | N/A | N/A | N/A | 0.2 | 0% |
| China | 0.2 | N/A | 0.4 | N/A | 41.4% |
| Germany | 7.3 | N/A | N/A | N/A | 0% |
| United Kingdom | 0.2 | N/A | N/A | N/A | 0% |
| France | N/A | 138 | N/A | N/A | 0% |
| India | N/A | N/A | 0.6 | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 10.1 | 138 | 1.2 | 0.9 | -55.3% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to South Africa in 2022:
- United States (8.0 kg)
- China (6.0 kg)
- Netherlands (5.0 kg)
- Canada (1.0 kg)
- Spain (1.0 kg)
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