Price for Steel, Alloy; Angles, Shapes and Sections in South Africa - 2024
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in South Africa (CIF) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in South Africa (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in South Africa
- Exports of Steel, Alloy; Angles, Shapes and Sections in South Africa
Price for Steel, Alloy; Angles, Shapes and Sections in South Africa (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $1,439 per ton, growing by 76% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Brazil ($2,110 per ton), while the price for China ($809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.3%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Angles, Shapes and Sections in South Africa (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $1,612 per ton in 2022, increasing by 4.7% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy; angles, shapes and sectionses increased by +72.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 64%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($8,894 per ton), while the average price for exports to Botswana ($1,135 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 Kenya (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in South Africa
In 2022, approx. 2.4K tons of steel, alloy; angles, shapes and sectionses were imported into South Africa; shrinking by -55.7% on the previous year's figure. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 1.8% against the previous year.
In value terms, imports of steel, alloy; angles, shapes and sectionses reduced remarkably to $3.3M in 2022. Overall, imports recorded a sharp curtailment. The smallest decline of -18.4% was in 2020.
| Import of Steel, Alloy; Angles, Shapes and Sections in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,212 | 1,064 | 960 | 1,410 | 5.2% |
| United Kingdom | 336 | 257 | 497 | 1,179 | 52.0% |
| China | 3,592 | 1,270 | 199 | 408 | -51.6% |
| Brazil | 92.9 | 47.3 | 84.7 | 198 | 28.7% |
| South Korea | 2,991 | N/A | N/A | N/A | 0% |
| India | 2.0 | N/A | 1,477 | N/A | 2617.5% |
| Turkey | 0.8 | 446 | 718 | N/A | 2895.8% |
| Bahrain | 2,615 | N/A | N/A | N/A | 0% |
| Others | 162 | 5,896 | 492 | 94.4 | -16.5% |
| Total | 11,003 | 8,981 | 4,428 | 3,288 | -33.1% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to South Africa in 2022:
- Sweden (976.3 tons)
- United Kingdom (820.8 tons)
- China (503.7 tons)
- Brazil (93.8 tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in South Africa
In 2022, exports of steel, alloy; angles, shapes and sectionses from South Africa declined to 1.7K tons, waning by -11.9% against 2021 figures. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -0.2% was in 2020.
In value terms, exports of steel, alloy; angles, shapes and sectionses shrank to $2.7M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of $2.9M, and then dropped in the following year.
| Export of Steel, Alloy; Angles, Shapes and Sections in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 908 | 920 | 1,090 | 772 | -5.3% |
| Namibia | 185 | 441 | 718 | 727 | 57.8% |
| Ghana | 524 | 300 | 287 | 308 | -16.2% |
| Botswana | 73.2 | 91.2 | 334 | 245 | 49.6% |
| Zambia | 136 | 155 | 196 | 234 | 19.8% |
| Swaziland | 32.3 | 45.5 | 81.5 | 96.5 | 44.0% |
| Mozambique | 361 | 16.8 | 54.9 | 84.2 | -38.4% |
| Democratic Republic of the Congo | 149 | N/A | 23.7 | 56.6 | -27.6% |
| India | N/A | 141 | N/A | N/A | 0% |
| Others | 201 | 117 | 126 | 162 | -6.9% |
| Total | 2,570 | 2,227 | 2,910 | 2,685 | 1.5% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from South Africa in 2022:
- Lesotho (630.4 tons)
- Namibia (574.3 tons)
- Botswana (215.9 tons)
- Swaziland (68.9 tons)
- Zambia (65.1 tons)
- Democratic Republic of the Congo (39.9 tons)
- Ghana (34.6 tons)
- Mozambique (25.2 tons)
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