Report Update: May 1, 2024

South Africa - Table, Kitchen Or Household Articles And Parts Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Stainless Steel Household Articles in South Africa - 2023

Price for Stainless Steel Household Articles in South Africa (CIF) - 2023

The average stainless steel household articles import price stood at $1.3 per unit in July 2023, growing by 23% against the previous month. Over the period under review, the import price, however, showed a slight decline. The growth pace was the most rapid in August 2022 an increase of 131% against the previous month. As a result, import price attained the peak level of $3.5 per unit. From September 2022 to July 2023, the average import prices remained 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 India ($3.3 per unit), while the price for Turkey ($655 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (-1.8%), while the prices for the other major suppliers experienced a decline.

Price for Stainless Steel Household Articles in South Africa (FOB) - 2023

The average stainless steel household articles export price stood at $3.0 per unit in July 2023, which is down by -6.6% against the previous month. In general, export price indicated a mild increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, stainless steel household articles export price increased by +10.9% against May 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 143% against the previous month. The export price peaked at $4.5 per unit 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 Mozambique ($5.0 per unit), while the average price for exports to Lesotho ($963 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Stainless Steel Household Articles in South Africa

In 2022, imports of table, kitchen or household articles and parts of stainless steel into South Africa was estimated at 15M units, with an increase of 8.2% compared with the previous year. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, stainless steel household articles imports soared to $35M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.8% 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 +86.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Stainless Steel Household Articles in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	20.4	14.2	19.0	29.7	13.3%
India	2.2	1.4	2.7	2.5	4.4%
Turkey	0.1	0.1	0.2	0.3	44.2%
Vietnam	1.5	1.4	1.4	0.2	-48.9%
Others	2.9	1.6	3.4	2.2	-8.8%
Total	27.0	18.6	26.6	34.8	8.8%

Top Suppliers of Stainless Steel Household Articles to South Africa in 2022:

Vietnam (undefinedM units)
China (14.0M units)
India (0.7M units)
Turkey (0.3M units)

Exports of Stainless Steel Household Articles in South Africa

In 2022, overseas shipments of table, kitchen or household articles and parts of stainless steel increased by 23% to 3.3M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at 4.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, stainless steel household articles exports surged to $9.7M in 2022. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports reached the peak figure at $12M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Stainless Steel Household Articles in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Namibia	2,568	1,333	1,958	2,977	5.0%
Botswana	3,950	1,948	1,366	1,685	-24.7%
Lesotho	660	670	1,096	855	9.0%
Tanzania	97.4	71.9	81.6	654	88.7%
Swaziland	543	393	413	490	-3.4%
Zambia	450	354	435	461	0.8%
Mozambique	383	305	320	280	-9.9%
Zimbabwe	226	375	161	226	0.0%
Malawi	144	79.4	177	164	4.4%
Others	2,646	1,037	1,633	1,886	-10.7%
Total	11,668	6,566	7,639	9,677	-6.0%

Top Export Markets for Stainless Steel Household Articles from South Africa in 2022:

Botswana (1080.1K units)
Namibia (705.0K units)
Lesotho (702.4K units)
Swaziland (134.9K units)
Zambia (93.8K units)
Tanzania (93.0K units)
Zimbabwe (87.1K units)
Mozambique (72.0K units)
Malawi (53.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for stainless steel household articles 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 25991225 - Table, kitchen or household articles and parts thereof of stainless steel (excluding cutlery)

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