SADC: Miscellaneous Ferro-Alloys Market 2024

Miscellaneous Ferro-Alloys Market Size in SADC

The SADC miscellaneous ferro-alloys market reduced rapidly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a notable increase. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Miscellaneous Ferro-Alloys Production in SADC

In value terms, miscellaneous ferro-alloys production reduced notably to $X in 2023 estimated in export price. In general, production, however, showed a notable expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Miscellaneous Ferro-Alloys Exports

Exports in SADC

In 2023, the amount of miscellaneous ferro-alloys exported in SADC soared to X tons, jumping by X% on the year before. In general, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, miscellaneous ferro-alloys exports fell sharply to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then contracted rapidly in the following year.

Exports by Country

South Africa represented the main exporter of miscellaneous ferro-alloys in SADC, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Zimbabwe (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Democratic Republic of the Congo (X%) and Mozambique (X%).

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Mozambique (X%), Zimbabwe (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zimbabwe (X p.p.), Democratic Republic of the Congo (X p.p.) and Mozambique (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest miscellaneous ferro-alloys supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Zimbabwe, with a X% share.

From 2012 to 2023, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Zimbabwe (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced more modest paces of growth.

Miscellaneous Ferro-Alloys Imports

Imports in SADC

In 2023, the amount of miscellaneous ferro-alloys imported in SADC reduced rapidly to X tons, which is down by X% on 2022 figures. Overall, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, miscellaneous ferro-alloys imports dropped remarkably to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

South Africa was the major importer of miscellaneous ferro-alloys in SADC, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Lesotho (X tons), mixing up a X% share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Lesotho (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Lesotho (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported miscellaneous ferro-alloys in SADC, comprising X% of total imports. The second position in the ranking was taken by Lesotho ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%.

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, miscellaneous ferro-alloys import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Lesotho stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Source: IndexBox Platform