South Africa - I-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel I-Sections Price in South Africa - 2023
Contents:
- Non-Alloy Steel I-Sections Price in South Africa (CIF) - 2022
- Non-Alloy Steel I-Sections Price in South Africa (FOB) - 2022
- Non-Alloy Steel I-Sections Imports in South Africa
- Non-Alloy Steel I-Sections Exports in South Africa
Non-Alloy Steel I-Sections Price in South Africa (CIF) - 2022
In 2022, the average non-alloy steel i-sections import price amounted to $771 per ton, jumping by 32% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 36% against the previous year. As a result, import price reached the peak level of $800 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($1,171 per ton), while the price for Spain ($489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Steel I-Sections Price in South Africa (FOB) - 2022
In 2022, the average non-alloy steel i-sections export price amounted to $1,163 per ton, rising by 12% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 an increase of 81%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($1,337 per ton), while the average price for exports to Kenya ($816 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 India (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Alloy Steel I-Sections Imports in South Africa
In 2022, after three years of growth, there was significant decline in supplies from abroad of i-sections of non-alloy steel, when their volume decreased by -63.4% to 7.7K tons. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports reached the peak of 21K tons, and then contracted markedly in the following year.
In value terms, non-alloy steel i-sections imports contracted rapidly to $6M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of $12M, and then reduced remarkably in the following year.
| Import of Non-Alloy Steel I-Sections in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 2.5 | 1.5 | 5.5 | 48.3% |
| Luxembourg | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Germany | 4.0 | 0.3 | 3.1 | 0.1 | -70.8% |
| Spain | N/A | 1.6 | 2.0 | 0.1 | -75.0% |
| South Korea | 0.8 | 2.9 | N/A | N/A | 262.5% |
| United Kingdom | 1.0 | 0.1 | N/A | N/A | -90.0% |
| Bahrain | N/A | N/A | 5.5 | N/A | 0% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 6.0 | 7.7 | 12.4 | 6.0 | 0.0% |
Top Suppliers of Non-Alloy Steel I-Sections to South Africa in 2022:
- United Kingdom (undefinedK tons)
- India (7.2K tons)
- Luxembourg (0.2K tons)
- Germany (0.1K tons)
- Spain (0.1K tons)
Non-Alloy Steel I-Sections Exports in South Africa
In 2022, shipments abroad of i-sections of non-alloy steel was finally on the rise to reach 7.9K tons after two years of decline. In general, exports, however, continue to indicate a dramatic setback.
In value terms, non-alloy steel i-sections exports soared to $9.2M in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Alloy Steel I-Sections in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 464 | 526 | 2,269 | 3,764 | 100.9% |
| Zambia | 481 | 316 | 1,016 | 1,724 | 53.0% |
| Democratic Republic of the Congo | 503 | 239 | 1,208 | 1,128 | 30.9% |
| Namibia | 760 | 391 | 999 | 660 | -4.6% |
| Mozambique | 410 | 212 | 297 | 660 | 17.2% |
| Botswana | 282 | 402 | 581 | 517 | 22.4% |
| Malawi | 159 | 338 | 475 | 459 | 42.4% |
| Kenya | 1,631 | 428 | 226 | 157 | -54.2% |
| Tanzania | 505 | 335 | 205 | 26.0 | -62.8% |
| Uganda | 970 | 645 | 98.3 | N/A | -68.2% |
| Hong Kong SAR | 1,485 | 574 | N/A | N/A | -61.3% |
| Malaysia | 630 | 391 | N/A | N/A | -37.9% |
| Others | 446 | 112 | 265 | 139 | -32.2% |
| Total | 8,725 | 4,911 | 7,639 | 9,234 | 1.9% |
Top Export Markets for Non-Alloy Steel I-Sections from South Africa in 2022:
- Zimbabwe (2842.4 tons)
- Zambia (1818.8 tons)
- Democratic Republic of the Congo (843.9 tons)
- Mozambique (606.9 tons)
- Namibia (555.5 tons)
- Botswana (496.5 tons)
- Malawi (458.1 tons)
- Kenya (192.6 tons)
- Tanzania (28.3 tons)
This report provides an in-depth analysis of the non-alloy steel i-sections 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 24107120 - I-sections of a web height of .80 mm or more (of non-alloy 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.
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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
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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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