Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,003 per ton in 2022, growing by 15% against the previous year. Overall, the import price recorded mild growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 135%. Over the period under review, average import prices attained the maximum at $1,518 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 Belgium ($6,318 per ton), while the price for China ($669 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,077 per ton in 2022, reducing by -16.2% against the previous year. In general, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56%. The export price peaked at $1,952 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($3,383 per ton), while the average price for exports to Lesotho ($625 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 Democratic Republic of the Congo (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
In 2022, approx. 2.4K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into South Africa; jumping by 157% against 2021. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $2.4M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 313 | 92.5 | 590 | 1,218 | 57.3% |
| Belgium | N/A | N/A | N/A | 818 | 0% |
| Spain | N/A | 345 | 221 | 362 | 2.4% |
| Others | 37.1 | 37.9 | 1.5 | 0.4 | -77.9% |
| Total | 350 | 476 | 812 | 2,399 | 90.0% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to South Africa in 2022:
- China (1819.9 tons)
- Spain (442.6 tons)
- Belgium (129.4 tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa
In 2022, approx. 433 tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from South Africa; with a decrease of -66% compared with the previous year's figure. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then dropped sharply in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined markedly to $466K in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 220%. As a result, the exports attained the peak of $1.6M, and then declined rapidly in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 322 | 256 | 821 | 131 | -25.9% |
| Swaziland | 148 | 70.8 | 67.2 | 130 | -4.2% |
| Botswana | 26.5 | 94.2 | 44.3 | 63.7 | 34.0% |
| Zimbabwe | 11.7 | 41.4 | 56.1 | 46.6 | 58.5% |
| Zambia | 25.7 | 21.4 | 58.7 | 37.2 | 13.1% |
| Mozambique | 2.7 | 2.8 | 4.7 | 15.9 | 80.6% |
| Lesotho | 16.3 | 7.1 | 4.5 | 12.9 | -7.5% |
| Pakistan | 72.5 | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 571 | N/A | 0% |
| Others | 48.0 | 17.3 | 6.2 | 29.2 | -15.3% |
| Total | 673 | 511 | 1,634 | 466 | -11.5% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from South Africa in 2022:
- Swaziland (159.0 tons)
- Namibia (76.9 tons)
- Botswana (74.6 tons)
- Zambia (43.3 tons)
- Zimbabwe (43.2 tons)
- Lesotho (20.6 tons)
- Mozambique (10.3 tons)
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