South Africa - Flat-Rolled Products Of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Silicon-Electrical Steel Flat-Rolled Product in South Africa - 2023
Contents:
- Price for Silicon-Electrical Steel Flat-Rolled Product in South Africa (CIF) - 2023
- Price for Silicon-Electrical Steel Flat-Rolled Product in South Africa (FOB) - 2022
- Imports of Silicon-Electrical Steel Flat-Rolled Product in South Africa
- Exports of Silicon-Electrical Steel Flat-Rolled Product in South Africa
Price for Silicon-Electrical Steel Flat-Rolled Product in South Africa (CIF) - 2023
In July 2023, the average silicon-electrical steel flat-rolled product import price amounted to $3,649 per ton, growing by 9.4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 238% against the previous month. The import price peaked at $4,298 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($4,343 per ton), while the price for the United Arab Emirates ($1,015 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicon-Electrical Steel Flat-Rolled Product in South Africa (FOB) - 2022
In 2022, the average silicon-electrical steel flat-rolled product export price amounted to $1,221 per ton, increasing by 1.9% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 78%. As a result, the export price attained the peak level of $1,890 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($4,209 per ton), while the average price for exports to China ($256 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 Ghana (+11.4%), while the prices for the other major destinations experienced a decline.
Imports of Silicon-Electrical Steel Flat-Rolled Product in South Africa
Silicon-electrical steel flat-rolled product imports into South Africa surged to 17K tons in 2022, increasing by 26% on 2021. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $42M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Silicon-Electrical Steel Flat-Rolled Product in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 2.5 | 8.4 | 19.4 | 62.8% |
| Japan | 1.4 | 5.1 | 9.4 | 7.8 | 77.3% |
| India | 2.7 | 0.7 | 0.1 | 4.1 | 14.9% |
| France | 1.4 | 0.8 | 0.7 | 2.0 | 12.6% |
| Sweden | 1.7 | 0.8 | 2.1 | 1.8 | 1.9% |
| Germany | 1.5 | 1.6 | 1.8 | 1.5 | 0.0% |
| South Korea | 2.6 | 3.7 | 2.8 | 1.2 | -22.7% |
| Russia | 1.4 | 1.3 | 1.3 | 1.1 | -7.7% |
| Australia | 0.8 | 1.1 | 0.6 | 0.9 | 4.0% |
| Netherlands | 1.0 | 0.8 | 0.7 | N/A | -16.3% |
| Austria | 1.1 | 0.4 | 0.1 | N/A | -69.8% |
| Others | 2.7 | 1.6 | 1.2 | 1.9 | -11.1% |
| Total | 22.8 | 20.3 | 29.2 | 41.7 | 22.3% |
Top Suppliers of Silicon-Electrical Steel Flat-Rolled Product to South Africa in 2022:
- China (5.9K tons)
- India (5.2K tons)
- Japan (1.9K tons)
- Sweden (0.8K tons)
- France (0.5K tons)
- Germany (0.5K tons)
- South Korea (0.4K tons)
- Russia (0.4K tons)
- Australia (0.3K tons)
Exports of Silicon-Electrical Steel Flat-Rolled Product in South Africa
In 2022, shipments abroad of flat-rolled products of silicon-electrical steel increased by 43% to 728 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicon-electrical steel flat-rolled product exports soared to $889K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silicon-Electrical Steel Flat-Rolled Product in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 274 | 81.1 | 8.0 | 177 | -13.6% |
| Italy | N/A | N/A | N/A | 116 | 0% |
| India | 1.0 | 119 | 168 | 114 | 384.9% |
| Democratic Republic of the Congo | 25.3 | 75.2 | 162 | 94.2 | 55.0% |
| Malawi | N/A | 2.8 | 42.9 | 44.8 | 300.0% |
| China | 68.9 | N/A | N/A | 39.2 | -17.1% |
| Namibia | 143 | 43.4 | 14.5 | 33.4 | -38.4% |
| Zambia | 51.2 | 37.7 | 7.0 | 6.0 | -51.1% |
| United Arab Emirates | 82.3 | N/A | N/A | N/A | 0% |
| Others | 115 | 236 | 208 | 264 | 31.9% |
| Total | 760 | 595 | 611 | 889 | 5.4% |
Top Export Markets for Silicon-Electrical Steel Flat-Rolled Product from South Africa in 2022:
- India (264.1 tons)
- China (153.3 tons)
- Zimbabwe (92.5 tons)
- Italy (50.5 tons)
- Democratic Republic of the Congo (37.0 tons)
- Malawi (28.7 tons)
- Namibia (23.0 tons)
- Zambia (8.9 tons)
This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
- Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
- Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
- Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented
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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