Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa - 2024

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa (CIF) - 2024
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa (CIF) - 2024

In July 2023, the average import price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $1,795 per ton, reducing by -6.7% against the previous month. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 42% m-o-m. The import price peaked at $2,412 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($3,550 per ton), while the price for the United Arab Emirates ($1,015 per ton) was amongst the lowest.

From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width of less than 600mms stood at $1,739 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 24%. As a result, the export price reached the peak level of $2,158 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($5,668 per ton), while the average price for exports to Mozambique ($1,134 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 Zambia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa

In 2022, supplies from abroad of alloy steel flat-rolled products, of a width of less than 600mms was finally on the rise to reach 3.9K tons after two years of decline. Over the period under review, imports, however, saw a abrupt decline.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms expanded markedly to $8.5M in 2022. Overall, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 15%.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to South Africa in 2022:

1. China (921.7 tons)
2. Germany (762.0 tons)
3. Spain (559.4 tons)
4. France (322.9 tons)
5. Russia (280.4 tons)
6. Sweden (271.6 tons)
7. United Arab Emirates (242.1 tons)
8. Austria (126.8 tons)
9. Japan (40.7 tons)
10. India (32.1 tons)
11. Poland (31.5 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in South Africa

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms exported from South Africa declined to 789 tons, shrinking by -5.3% against 2021 figures. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 113% against the previous year. As a result, the exports attained the peak of 833 tons, and then reduced in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms expanded rapidly to $1.4M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 136% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from South Africa in 2022:

1. Namibia (261.2 tons)
2. Zimbabwe (157.5 tons)
3. Malawi (112.1 tons)
4. Democratic Republic of the Congo (100.2 tons)
5. Botswana (75.9 tons)
6. Swaziland (63.4 tons)
7. Mozambique (2.1 tons)
8. Lesotho (1.6 tons)

Source: IndexBox Market Intelligence Platform