Report Update: Apr 17, 2024

South Africa - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Hot-Rolled Wire Stainless Steel Rod in South Africa - 2023

Price for Hot-Rolled Wire Stainless Steel Rod in South Africa (CIF) - 2022

The average import price for hot-rolled wire rod in coil of stainless steel stood at $4,971 per ton in 2022, surging by 23% against the previous year. Over the period under review, the import price posted a notable expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($9,300 per ton), while the price for China ($2,625 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hot-Rolled Wire Stainless Steel Rod in South Africa (FOB) - 2022

In 2022, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $2,345 per ton, growing by 34% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $2,992 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($7,809 per ton), while the average price for exports to Botswana ($884 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 Democratic Republic of the Congo (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Wire Stainless Steel Rod in South Africa

In 2022, hot-rolled wire stainless steel rod imports into South Africa soared to 1.1K tons, with an increase of 22% on the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, hot-rolled wire stainless steel rod imports skyrocketed to $5.6M in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Hot-Rolled Wire Stainless Steel Rod in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	2,148	1,501	3,194	3,957	22.6%
India	457	180	52.0	987	29.3%
Switzerland	258	488	395	224	-4.6%
Sweden	10.5	N/A	108	197	165.7%
China	N/A	32.1	N/A	137	106.6%
Others	22.1	4.2	15.0	126	78.6%
Total	2,896	2,205	3,765	5,627	24.8%

Top Suppliers of Hot-Rolled Wire Stainless Steel Rod to South Africa in 2022:

Italy (788.4 tons)
India (216.0 tons)
China (52.2 tons)
Switzerland (34.5 tons)
Sweden (21.2 tons)

Exports of Hot-Rolled Wire Stainless Steel Rod in South Africa

In 2022, exports of hot-rolled wire rod in coil of stainless steel from South Africa dropped sharply to 40 tons, reducing by -58.9% compared with the previous year. In general, exports continue to indicate a precipitous descent. The smallest decline of -1.1% was in 2021.

In value terms, hot-rolled wire stainless steel rod exports declined notably to $93K in 2022. Over the period under review, exports saw a precipitous slump. The smallest decline of -7.9% was in 2021.

Export of Hot-Rolled Wire Stainless Steel Rod in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Namibia	69.6	45.2	49.5	32.1	-22.7%
Zimbabwe	5.8	8.9	0.2	19.7	50.3%
Botswana	24.0	N/A	47.7	11.1	-22.7%
Lesotho	5.9	77.7	6.2	9.7	18.0%
Mozambique	21.5	4.4	15.6	9.2	-24.6%
Democratic Republic of the Congo	31.9	5.4	N/A	5.5	-44.3%
Zambia	17.5	2.0	N/A	2.5	-47.7%
Swaziland	23.3	23.0	21.7	2.3	-53.8%
Others	85.6	16.7	28.0	0.7	-79.9%
Total	285	183	169	92.8	-31.2%

Top Export Markets for Hot-Rolled Wire Stainless Steel Rod from South Africa in 2022:

Botswana (12.6 tons)
Zimbabwe (9.1 tons)
Namibia (7.7 tons)
Mozambique (3.5 tons)
Lesotho (3.1 tons)
Swaziland (2.1 tons)
Zambia (0.7 tons)
Democratic Republic of the Congo (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled wire stainless steel rod 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 24106300 - Hot-rolled wire rod in coil, of stainless 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023