South Africa - Pig Iron And Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Iron Price in South Africa - 2023
Contents:
- Pig Iron Price in South Africa (FOB) - 2023
- Pig Iron Price in South Africa (CIF) - 2022
- Pig Iron Exports in South Africa
- Pig Iron Imports in South Africa
Pig Iron Price in South Africa (FOB) - 2023
The average pig iron export price stood at $445 per ton in July 2023, picking up by 41% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 84% against the previous month. As a result, the export price attained the peak level of $703 per ton. From November 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to South Korea ($478 per ton) and the United States ($473 per ton), while the average price for exports to Thailand ($323 per ton) and India ($334 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Pig Iron Price in South Africa (CIF) - 2022
In 2022, the average pig iron import price amounted to $2,063 per ton, jumping by 23% against the previous year. In general, the import price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +12.6% per year.
Pig Iron Exports in South Africa
Pig iron exports from South Africa surged to 649K tons in 2022, growing by 36% compared with the previous year's figure. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.9% 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 +47.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, pig iron exports skyrocketed to $310M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Pig Iron in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.2 | 39.1 | 46.7 | 73.9 | 30.6% |
| Italy | 28.4 | 26.4 | 48.0 | 71.3 | 35.9% |
| Netherlands | 29.4 | 16.2 | 29.3 | 61.3 | 27.8% |
| Spain | 5.5 | 5.1 | 12.4 | 23.2 | 61.6% |
| India | 7.5 | 4.3 | 13.3 | 14.6 | 24.9% |
| Turkey | 10.7 | 7.8 | 7.3 | 13.9 | 9.1% |
| Japan | 9.6 | 2.6 | 8.1 | 11.5 | 6.2% |
| Taiwan (Chinese) | 7.5 | 3.9 | 7.1 | 9.8 | 9.3% |
| Oman | 14.1 | N/A | 11.1 | 6.7 | -22.0% |
| South Korea | 8.7 | 5.7 | 5.8 | 5.1 | -16.3% |
| Australia | 5.1 | 2.0 | 4.1 | 3.8 | -9.3% |
| Others | 15.9 | 14.1 | 13.7 | 14.5 | -3.0% |
| Total | 176 | 127 | 207 | 310 | 20.8% |
Top Export Markets for Pig Iron from South Africa in 2022:
- Italy (164.9K tons)
- United States (139.2K tons)
- Netherlands (112.4K tons)
- Spain (56.7K tons)
- India (44.0K tons)
- Oman (30.0K tons)
- Turkey (23.2K tons)
- Japan (19.2K tons)
- Taiwan (Chinese) (15.2K tons)
- South Korea (11.8K tons)
- Australia (6.8K tons)
Pig Iron Imports in South Africa
In 2022, approx. 1.1K tons of pig iron and spiegeleisen were imported into South Africa; falling by -25.6% on 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 2.3% against the previous year.
In value terms, pig iron imports reduced to $2.3M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of $2.5M, and then shrank in the following year.
| Import of Pig Iron in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.1 | 0.9 | 1.7 | 2.3 | 184.4% |
| Singapore | 1.9 | 0.6 | 0.6 | N/A | -43.8% |
| Bahrain | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 2.3 | 1.6 | 2.5 | 2.3 | 0.0% |
Top Suppliers of Pig Iron to South Africa in 2022:
- Malaysia (1113.0 tons)
This report provides an in-depth analysis of the pig iron 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 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
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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This report provides an in-depth analysis of the pig iron market in South Africa.
468
This report provides an in-depth analysis of the iron and steel market in South Africa.
4396
This report provides an in-depth analysis of the global pig iron market.
1038
This report provides an in-depth analysis of the global iron and steel market.
1399
This report provides an in-depth analysis of the pig iron market in South Africa.
468
This report provides an in-depth analysis of the iron and steel market in South Africa.
4396
This report provides an in-depth analysis of the global pig iron market.
1038
This report provides an in-depth analysis of the global iron and steel market.
111
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
2003
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
134
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
111
Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.
2003
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
920
In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...
134
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
