![Report South Africa - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$](/landing/img/reports/south-africa-forged-bars-of-stainless-steel-market-analysis-forecast-size-trends-and-insights.webp)
South Africa - Forged Bars of Stainless Steel - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSouth Africa: Market for Forged Bars Of Stainless Steel 2024
Market Size for Forged Bars Of Stainless Steel in South Africa
The South African forged stainless steel bar market amounted to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, showed a pronounced contraction. Forged stainless steel bar consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
Production of Forged Bars Of Stainless Steel in South Africa
In value terms, forged stainless steel bar production amounted to $X in 2023 estimated in export price. Over the period under review, production recorded a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Forged stainless steel bar production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.
Exports of Forged Bars Of Stainless Steel
Exports from South Africa
In 2023, after two years of growth, there was significant decline in shipments abroad of forged bars of stainless steel, when their volume decreased by X% to X tons. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. 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, forged stainless steel bar exports fell notably to $X in 2023. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
Exports by Country
Namibia (X tons) was the main destination for forged stainless steel bar exports from South Africa, accounting for a X% share of total exports. Moreover, forged stainless steel bar exports to Namibia exceeded the volume sent to the second major destination, Botswana (X tons), threefold. Swaziland (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Swaziland (X% per year).
In value terms, Namibia ($X) remains the key foreign market for forged bars of stainless steel exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Swaziland ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Namibia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Botswana (X% per year).
Export Prices by Country
The average forged stainless steel bar export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced a decline.
Imports of Forged Bars Of Stainless Steel
Imports into South Africa
In 2023, forged stainless steel bar imports into South Africa skyrocketed to X tons, rising by X% compared with 2022. Over the period under review, imports showed a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.
In value terms, forged stainless steel bar imports reached $X in 2023. Overall, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
Imports by Country
India (X tons), China (X tons) and Poland (X tons) were the main suppliers of forged stainless steel bar imports to South Africa, with a combined X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, India ($X) constituted the largest supplier of forged bars of stainless steel to South Africa, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Poland, with a X% share.
From 2012 to 2023, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).
Import Prices by Country
The average forged stainless steel bar import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Botswana ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for forged stainless steel bar in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106450 - Forged bars, of stainless steel
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
Recommended reports
This report provides an in-depth analysis of the market for forged stainless steel bar in Asia.
This report provides an in-depth analysis of the market for forged stainless steel bar in the U.S..
This report provides an in-depth analysis of the market for forged stainless steel bar in China.
This report provides an in-depth analysis of the market for forged stainless steel bar in the EU.
This report provides an in-depth analysis of the global market for forged stainless steel bar.