Price for Powders of Pig Iron in South Africa - 2023

Contents:

1. Price for Powders of Pig Iron in South Africa (CIF) - 2022
2. Price for Powders of Pig Iron in South Africa (FOB) - 2022
3. Imports of Powders of Pig Iron in South Africa
4. Exports of Powders of Pig Iron in South Africa

Price for Powders of Pig Iron in South Africa (CIF) - 2022

In 2022, the average powders of pig iron import price amounted to $1,512 per ton, growing by 9% against the previous year. Over the period under review, the import price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. Over the period under review, average import prices attained the maximum at $1,856 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Thailand ($2,616 per ton), while the price for China ($1,095 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Powders of Pig Iron in South Africa (FOB) - 2022

In 2022, the average powders of pig iron export price amounted to $1,289 per ton, rising by 54% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($7,060 per ton), while the average price for exports to Australia ($455 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 Jordan (+63.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powders of Pig Iron in South Africa

In 2022, the amount of powders of pig ira imported into South Africa dropped to 1.7K tons, declining by -9.6% compared with the year before. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of 1.9K tons, and then contracted in the following year.

In value terms, powders of pig iron imports declined slightly to $2.6M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $2.6M, and then contracted slightly in the following year.

Top Suppliers of Powders of Pig Iron to South Africa in 2022:

1. Sweden (951.5 tons)
2. China (346.6 tons)
3. India (294.2 tons)
4. Thailand (61.4 tons)
5. Brazil (21.0 tons)
6. United States (7.5 tons)

Exports of Powders of Pig Iron in South Africa

In 2022, powders of pig iron exports from South Africa reduced dramatically to 436 tons, shrinking by -18.1% on 2021. Over the period under review, exports faced a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year.

In value terms, powders of pig iron exports soared to $562K in 2022. Overall, exports showed a sharp reduction.

Top Export Markets for Powders of Pig Iron from South Africa in 2022:

1. Brazil (163.2 tons)
2. Germany (163.0 tons)
3. Namibia (31.6 tons)
4. Jordan (21.3 tons)
5. Madagascar (19.9 tons)
6. Australia (11.3 tons)
7. Democratic Republic of the Congo (10.1 tons)

Source: IndexBox Market Intelligence Platform