Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,217 per ton in 2022, picking up by 221% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 6,208% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 United States ($3,200 per ton), while the price for Italy amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+59.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $6,565 per ton in 2022, which is down by -45.8% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 704% against the previous year. Over the period under review, the average export prices attained the maximum at $12,105 per ton in 2021, and then dropped sharply in the following year.
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 ($40,396 per ton), while the average price for exports to Botswana ($432 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 (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, when their volume decreased by -51.5% to 150 tons. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 182% against the previous year.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $482K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 150% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.1 | 0.4 | 479 | 6821.0% |
| Italy | 108 | 281 | 307 | N/A | 68.6% |
| Others | 4.9 | 0.9 | 1.9 | 3.6 | -9.8% |
| Total | 113 | 282 | 309 | 482 | 62.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to South Africa in 2022:
- United States (149.6 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa
In 2022, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from South Africa surged to 41 tons, increasing by 232% against the previous year's figure. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s surged to $270K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 164%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 19.9 | 8.9 | 107 | 141 | 92.1% |
| Tanzania | 14.5 | 12.4 | 13.3 | 41.6 | 42.1% |
| Mozambique | 8.0 | 0.4 | 22.4 | 31.3 | 57.6% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 15.9 | 0% |
| Kenya | 46.4 | N/A | N/A | 14.8 | -31.7% |
| Saint Helena, Ascension and Tristan da Cunha | N/A | N/A | N/A | 12.8 | 0% |
| Botswana | N/A | 0.6 | 0.1 | 0.8 | 15.5% |
| Ghana | N/A | 242 | N/A | N/A | 0% |
| Others | 11.5 | 0.1 | 7.2 | 11.8 | 0.9% |
| Total | 100 | 265 | 150 | 270 | 39.2% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from South Africa in 2022:
- Mozambique (14.5 tons)
- Saint Helena, Ascension and Tristan da Cunha (10.0 tons)
- Democratic Republic of the Congo (4.6 tons)
- Zambia (3.5 tons)
- Kenya (3.3 tons)
- Tanzania (2.1 tons)
- Botswana (1.9 tons)
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