Stainless Steel Wire Price in South Africa - 2023
Contents:
- Stainless Steel Wire Price in South Africa (CIF) - 2022
- Stainless Steel Wire Price in South Africa (FOB) - 2022
- Stainless Steel Wire Imports in South Africa
- Stainless Steel Wire Exports in South Africa
Stainless Steel Wire Price in South Africa (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $4,751 per ton, growing by 19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($7,158 per ton), while the price for Portugal ($1,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in South Africa (FOB) - 2022
In 2022, the average stainless steel wire export price amounted to $1,458 per ton, which is down by -31.2% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs at $2,120 per ton in 2021, and then fell rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($3,577 per ton), while the average price for exports to Botswana ($982 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 Malawi (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Stainless Steel Wire Imports in South Africa
In 2022, overseas purchases of stainless steel wire were finally on the rise to reach 5.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a perceptible decrease.
In value terms, stainless steel wire imports surged to $26M in 2022. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel Wire in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.5 | 3.2 | 0.3 | 7.4 | 28.3% |
| France | 3.7 | 2.8 | 0.3 | 4.3 | 5.1% |
| Italy | 3.6 | 3.1 | 0.2 | 4.0 | 3.6% |
| China | 2.7 | 1.9 | 0.2 | 2.1 | -8.0% |
| South Korea | 1.4 | 0.8 | 0.1 | 1.8 | 8.7% |
| Germany | 1.3 | 0.7 | 0.1 | 1.5 | 4.9% |
| Switzerland | 0.9 | 0.2 | N/A | 1.4 | 15.9% |
| Portugal | 0.1 | 0.5 | 0.1 | 0.3 | 44.2% |
| Others | 0.9 | 1.6 | 0.1 | 2.9 | 47.7% |
| Total | 18.1 | 14.9 | 1.3 | 25.7 | 12.4% |
Top Suppliers of Stainless Steel Wire to South Africa in 2022:
- India (1459.1 tons)
- China (1200.0 tons)
- Italy (731.7 tons)
- France (713.9 tons)
- Portugal (286.8 tons)
- South Korea (285.3 tons)
- Switzerland (197.5 tons)
- Germany (108.5 tons)
Stainless Steel Wire Exports in South Africa
In 2022, the amount of stainless steel wire exported from South Africa soared to 744 tons, increasing by 1,601% on the previous year. Over the period under review, exports continue to indicate a notable expansion.
In value terms, stainless steel wire exports soared to $1.1M in 2022. In general, exports, however, showed a pronounced slump.
| Export of Stainless Steel Wire in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 174 | 142 | 11.2 | 322 | 22.8% |
| Namibia | 197 | 480 | 31.0 | 170 | -4.8% |
| Swaziland | 118 | 198 | 12.5 | 145 | 7.1% |
| Mozambique | 28.6 | 35.2 | 5.0 | 113 | 58.1% |
| Zambia | 13.3 | 37.9 | 1.6 | 109 | 101.6% |
| Lesotho | 311 | 200 | 4.4 | 63.4 | -41.1% |
| Zimbabwe | 61.5 | 70.1 | 7.0 | 54.7 | -3.8% |
| Democratic Republic of the Congo | 99.5 | 205 | 14.0 | 4.7 | -63.9% |
| Others | 167 | 343 | 6.1 | 103 | -14.9% |
| Total | 1,169 | 1,711 | 92.7 | 1,085 | -2.5% |
Top Export Markets for Stainless Steel Wire from South Africa in 2022:
- Botswana (327.9 tons)
- Swaziland (118.5 tons)
- Namibia (115.7 tons)
- Zambia (64.0 tons)
- Mozambique (41.2 tons)
- Zimbabwe (25.5 tons)
- Lesotho (24.1 tons)
- Democratic Republic of the Congo (0.3 tons)
410
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
461
This report provides an in-depth analysis of the market for iron and steel wire in South Africa.
2032
This report provides an in-depth analysis of the global market for iron and steel wire.
632
This report provides an in-depth analysis of the global market for iron and steel wire.
886
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 +...
1558
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...
1090
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...
1282
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...
714
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...
982
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...
3599
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...
801
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...
332
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.
304
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.
