Price for Steel, Alloy; Ingots and Other Primary Forms in South Africa - 2024
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in South Africa (CIF) - 2024
- Price for Steel, Alloy; Ingots and Other Primary Forms in South Africa (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in South Africa
- Exports of Steel, Alloy; Ingots and Other Primary Forms in South Africa
Price for Steel, Alloy; Ingots and Other Primary Forms in South Africa (CIF) - 2024
The average import price for steel, alloy; ingots and other primary formses stood at $2,246 per ton in June 2023, jumping by 131% against the previous month. Over the period under review, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From January 2023 to June 2023, the rate of growth in terms of prices for Italy amounted to +8.0% per month.
Price for Steel, Alloy; Ingots and Other Primary Forms in South Africa (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $3,605 per ton, reducing by -24.4% against the previous year. In general, the export price, however, continues to indicate moderate growth. The pace of growth was the most pronounced in 2018 an increase of 340%. Over the period under review, the average export prices reached the peak figure at $18,302 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($4,328 per ton), while the average price for exports to Namibia ($2,097 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 Lesotho (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Ingots and Other Primary Forms in South Africa
Imports of steel, alloy; ingots and other primary formses into South Africa rose sharply to 1.8K tons in 2022, growing by 7.8% compared with 2021 figures. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% 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 +69.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel, alloy; ingots and other primary formses soared to $2.6M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.8 | 1.1 | 2.2 | 2.6 | 48.1% |
| Czech Republic | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Belgium | 1.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 2.6 | 1.3 | 2.2 | 2.6 | 0.0% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to South Africa in 2022:
- Italy (1823.5 tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in South Africa
In 2022, the amount of steel, alloy; ingots and other primary formses exported from South Africa surged to 17 tons, growing by 2,890% compared with the year before. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses soared to $63K in 2022. Over the period under review, exports saw a significant expansion.
| Export of Steel, Alloy; Ingots and Other Primary Forms in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | N/A | N/A | N/A | 39.8 | 0% |
| Zambia | N/A | N/A | N/A | 13.3 | 0% |
| Swaziland | 0.2 | N/A | N/A | 4.1 | 173.7% |
| Namibia | 0.4 | N/A | N/A | 3.6 | 108.0% |
| Cameroon | N/A | N/A | 1.9 | N/A | 0% |
| Kenya | N/A | 69.9 | N/A | N/A | 0% |
| Lesotho | 8.7 | N/A | 0.8 | N/A | -69.7% |
| Others | 1.1 | N/A | N/A | 1.7 | 15.6% |
| Total | 10.4 | 69.9 | 2.8 | 62.5 | 81.8% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from South Africa in 2022:
- Zimbabwe (11.3 tons)
- Zambia (3.1 tons)
- Namibia (1.7 tons)
- Swaziland (1.1 tons)
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