Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa - 2024
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (FOB) - 2024
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (CIF) - 2022
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (FOB) - 2024
The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $2,492 per ton in July 2023, increasing by 6.5% against the previous month. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in April 2023 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices reached the maximum at $4,052 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($5,505 per ton), while the average price for exports to Namibia ($896 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.0%), while the prices for the other major destinations experienced a decline.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (CIF) - 2022
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $4,573 per ton in 2022, surging by 6.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 17% against the previous year. The import price peaked at $4,758 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,830 per ton), while the price for China ($2,725 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa
In 2022, overseas shipments of stainless steel; flat-rolled products of width less than 600mms were finally on the rise to reach 14K tons after two years of decline. Overall, exports, however, showed a abrupt setback.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms soared to $35M in 2022. Over the period under review, total exports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.0% 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 +75.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.6 | 7.0 | 8.8 | 10.3 | 42.0% |
| Zambia | 0.1 | N/A | 0.1 | 9.8 | 361.0% |
| Mexico | 5.4 | 1.1 | 2.4 | 2.7 | -20.6% |
| Brazil | 0.6 | 0.4 | 1.4 | 1.9 | 46.8% |
| Malawi | N/A | N/A | 1.5 | 1.5 | 0.0% |
| Uruguay | 0.9 | N/A | 0.9 | 1.2 | 10.1% |
| Spain | 0.8 | N/A | 0.1 | 1.0 | 7.7% |
| India | 5.3 | 2.1 | 1.4 | 0.9 | -44.6% |
| Canada | N/A | N/A | 0.1 | 0.7 | 600.0% |
| United States | 0.6 | N/A | 0.3 | 0.7 | 5.3% |
| Argentina | 0.4 | 0.8 | 0.9 | 0.7 | 20.5% |
| Greece | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| Germany | 6.9 | 1.2 | 0.1 | 0.3 | -64.8% |
| Others | 9.5 | 7.3 | 7.0 | 3.1 | -31.2% |
| Total | 34.3 | 20.2 | 25.3 | 35.4 | 1.1% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from South Africa in 2022:
- Netherlands (3865.5 tons)
- Zambia (3696.9 tons)
- India (984.2 tons)
- Mexico (881.3 tons)
- Malawi (643.5 tons)
- Spain (491.9 tons)
- Uruguay (479.8 tons)
- Greece (334.1 tons)
- Argentina (309.1 tons)
- Brazil (293.4 tons)
- Canada (280.7 tons)
- United States (246.8 tons)
- Germany (129.4 tons)
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa
In 2022, approx. 2.8K tons of stainless steel; flat-rolled products of width less than 600mms were imported into South Africa; dropping by -14.5% on the previous year. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms declined to $13M in 2022. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.8 | 1.6 | 3.0 | 2.8 | 15.9% |
| Japan | 3.7 | 3.1 | 4.0 | 2.5 | -12.3% |
| China | 3.3 | 1.4 | 2.7 | 2.2 | -12.6% |
| South Korea | 1.3 | 0.9 | 1.5 | 1.7 | 9.4% |
| Germany | 0.8 | 0.7 | 1.6 | 1.1 | 11.2% |
| Taiwan (Chinese) | N/A | 0.3 | 0.4 | 0.8 | 63.3% |
| United States | 0.8 | 0.2 | 0.2 | 0.4 | -20.6% |
| France | 1.6 | 0.1 | 0.1 | 0.2 | -50.0% |
| Others | 1.3 | 0.8 | 0.6 | 1.1 | -5.4% |
| Total | 14.7 | 9.0 | 14.1 | 12.9 | -4.3% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to South Africa in 2022:
- Japan (843.4 tons)
- China (818.4 tons)
- South Korea (307.4 tons)
- Italy (293.9 tons)
- Taiwan (Chinese) (199.2 tons)
- Germany (83.1 tons)
- United States (53.1 tons)
- France (48.4 tons)
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