Ferro-Alloys; Ferro-Nickel Price in South Africa - 2023
Contents:
- Ferro-Alloys; Ferro-Nickel Price in South Africa (CIF) - 2022
- Ferro-Alloys; Ferro-Nickel Price in South Africa (FOB) - 2022
- Ferro-Alloys; Ferro-Nickel Imports in South Africa
- Ferro-Alloys; Ferro-Nickel Exports in South Africa
Ferro-Alloys; Ferro-Nickel Price in South Africa (CIF) - 2022
In 2022, the average ferro-alloys; ferro-nickel import price amounted to $3,142 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. The import price peaked at $4,166 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the Dominican Republic ($5,650 per ton), while the price for France ($1,025 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Price in South Africa (FOB) - 2022
In 2022, the average ferro-alloys; ferro-nickel export price amounted to $8,269 per ton, falling by -28.8% against the previous year. Over the period under review, the export price, however, saw prominent growth. The growth pace was the most rapid in 2017 when the average export price increased by 2,270% against the previous year. As a result, the export price reached the peak level of $14,458 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($37,101 per ton), while the average price for exports to Singapore ($2,466 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 Spain (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Alloys; Ferro-Nickel Imports in South Africa
In 2022, the amount of ferro-alloys; ferro-nickels imported into South Africa fell to 17K tons, which is down by -7.4% against 2021. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. As a result, imports attained the peak of 18K tons, and then contracted in the following year.
In value terms, ferro-alloys; ferro-nickel imports contracted to $52M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75%. As a result, imports reached the peak of $56M, and then reduced in the following year.
| Import of Ferro-Alloys; Ferro-Nickel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.7 | 10.1 | 24.0 | 19.4 | 42.5% |
| New Caledonia | 6.5 | 5.6 | 10.4 | 11.7 | 21.6% |
| United Kingdom | 7.7 | 4.7 | 5.5 | 5.9 | -8.5% |
| North Macedonia | 4.4 | 2.9 | 3.6 | 3.4 | -8.2% |
| Spain | 3.1 | 2.1 | 2.7 | 2.9 | -2.2% |
| Greece | 2.1 | 1.4 | 1.8 | 1.7 | -6.8% |
| France | 1.2 | 0.8 | 1.1 | 1.2 | 0.0% |
| Others | 6.7 | 4.5 | 7.0 | 5.7 | -5.2% |
| Total | 38.5 | 32.1 | 56.1 | 51.9 | 10.5% |
Top Suppliers of Ferro-Alloys; Ferro-Nickel to South Africa in 2022:
- Brazil (5.5K tons)
- New Caledonia (2.8K tons)
- United Kingdom (2.7K tons)
- Spain (1.5K tons)
- France (1.1K tons)
- North Macedonia (1.0K tons)
- Greece (0.6K tons)
Ferro-Alloys; Ferro-Nickel Exports in South Africa
In 2022, ferro-alloys; ferro-nickel exports from South Africa totaled 6.3 tons, growing by 12% against the year before. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 822%. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ferro-alloys; ferro-nickel exports contracted sharply to $52K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,512%. As a result, the exports attained the peak of $125K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Ferro-Alloys; Ferro-Nickel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 10.3 | 0% |
| United States | 2.0 | 4.4 | 8.4 | 7.8 | 57.4% |
| France | N/A | N/A | N/A | 6.1 | 0% |
| Belgium | N/A | 6.9 | 3.5 | 3.3 | -30.8% |
| Spain | 1.1 | 7.4 | 2.4 | 2.5 | 31.5% |
| Singapore | 0.6 | 5.3 | 1.7 | 1.9 | 46.8% |
| India | N/A | N/A | N/A | 1.2 | 0% |
| Germany | 0.9 | 7.5 | 1.6 | 1.2 | 10.1% |
| Saudi Arabia | N/A | N/A | 9.1 | N/A | 0% |
| Others | 0.2 | 93.4 | 38.1 | 17.6 | 344.8% |
| Total | 4.8 | 125 | 64.8 | 51.9 | 121.1% |
Top Export Markets for Ferro-Alloys; Ferro-Nickel from South Africa in 2022:
- Netherlands (2095.0 kg)
- Singapore (752.0 kg)
- United States (404.0 kg)
- India (272.0 kg)
- Belgium (188.0 kg)
- France (164.0 kg)
- Spain (97.0 kg)
- Germany (66.0 kg)
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