South Africa - Iron Or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExpanded Metal Price in South Africa - 2023
Contents:
- Expanded Metal Price in South Africa (FOB) - 2023
- Expanded Metal Price in South Africa (CIF) - 2022
- Expanded Metal Exports in South Africa
- Expanded Metal Imports in South Africa
Expanded Metal Price in South Africa (FOB) - 2023
In September 2023, the average expanded metal export price amounted to $1,670 per ton, picking up by 4.5% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 52% month-to-month. As a result, the export price reached the peak level of $2,273 per ton. From June 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Zambia ($3,011 per ton), while the average price for exports to Congo ($759 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Expanded Metal Price in South Africa (CIF) - 2022
The average expanded metal import price stood at $1,625 per ton in 2022, rising by 15% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. The import price peaked at $2,688 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5,974 per ton), while the price for China ($1,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Expanded Metal Exports in South Africa
In 2022, the amount of iron or steel expanded metal exported from South Africa soared to 1.8K tons, rising by 17% against 2021. Overall, exports recorded a relatively flat trend pattern.
In value terms, expanded metal exports soared to $3.5M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Expanded Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 615 | 433 | 487 | 787 | 8.6% |
| Zimbabwe | 220 | 249 | 521 | 464 | 28.2% |
| Zambia | 491 | 214 | 397 | 446 | -3.2% |
| Namibia | 364 | 298 | 573 | 435 | 6.1% |
| Mozambique | 252 | 286 | 230 | 326 | 9.0% |
| United States | N/A | N/A | N/A | 210 | 0% |
| Malawi | 133 | 161 | 141 | 153 | 4.8% |
| Mali | 1.9 | 93.5 | 0.6 | 123 | 301.5% |
| Democratic Republic of the Congo | 162 | 188 | 82.1 | 118 | -10.0% |
| Swaziland | 23.8 | 73.6 | 155 | 115 | 69.1% |
| Others | 353 | 286 | 378 | 292 | -6.1% |
| Total | 2,615 | 2,282 | 2,965 | 3,468 | 9.9% |
Top Export Markets for Expanded Metal from South Africa in 2022:
- Botswana (367.0 tons)
- Namibia (259.9 tons)
- Zimbabwe (237.4 tons)
- Zambia (204.9 tons)
- Mozambique (146.6 tons)
- Mali (112.0 tons)
- United States (94.8 tons)
- Malawi (89.2 tons)
- Democratic Republic of the Congo (78.8 tons)
- Swaziland (77.0 tons)
Expanded Metal Imports in South Africa
In 2022, expanded metal imports into South Africa shrank notably to 392 tons, which is down by -54.1% compared with 2021. In general, imports, however, posted mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by 136% against the previous year. As a result, imports attained the peak of 854 tons, and then shrank significantly in the following year.
In value terms, expanded metal imports reduced rapidly to $636K in 2022. Over the period under review, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by 123% against the previous year. As a result, imports reached the peak of $1.2M, and then contracted dramatically in the following year.
| Import of Expanded Metal in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 281 | 200 | 462 | 326 | 5.1% |
| China | 196 | 199 | 675 | 261 | 10.0% |
| Botswana | N/A | N/A | N/A | 30.2 | 0% |
| Taiwan (Chinese) | 52.2 | 83.2 | 30.5 | N/A | -23.6% |
| Others | 167 | 60.5 | 39.7 | 19.2 | -51.4% |
| Total | 696 | 542 | 1,208 | 636 | -3.0% |
Top Suppliers of Expanded Metal to South Africa in 2022:
- China (237.4 tons)
- United Kingdom (140.0 tons)
- Botswana (11.6 tons)
This report provides an in-depth analysis of the expanded metal market 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 25931350 - Iron or steel expanded metal
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.
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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
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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
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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
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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
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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
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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
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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
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