Price for Steel, Alloy; Semi-Finished Products in South Africa - 2023
Contents:
- Price for Steel, Alloy; Semi-Finished Products in South Africa (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in South Africa (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in South Africa
- Exports of Steel, Alloy; Semi-Finished Products in South Africa
Price for Steel, Alloy; Semi-Finished Products in South Africa (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $1,232 per ton, surging by 21% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 428%. As a result, import price reached the peak level of $8,841 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,878 per ton), while the price for Ukraine ($1,088 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Semi-Finished Products in South Africa (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $1,996 per ton, reducing by -21.4% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 889% against the previous year. As a result, the export price attained the peak level of $11,379 per ton. From 2018 to 2022, the average 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 Mauritius ($8,355 per ton), while the average price for exports to Italy ($560 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 South Korea (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Semi-Finished Products in South Africa
After two years of decline, overseas purchases of steel, alloy; semi-finished productses increased by 103% to 2K tons in 2022. Overall, imports, however, recorded a precipitous descent.
In value terms, steel, alloy; semi-finished products imports skyrocketed to $2.5M in 2022. In general, imports, however, continue to indicate a abrupt slump.
| Import of Steel, Alloy; Semi-Finished Products in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 919 | 435 | 264 | 1,389 | 14.8% |
| Ukraine | N/A | N/A | 240 | 388 | 61.7% |
| China | 780 | 145 | 184 | 378 | -21.5% |
| Turkey | 1,778 | 522 | 215 | 115 | -59.9% |
| Germany | 120 | 0.8 | 0.9 | 95.0 | -7.5% |
| Tokelau | N/A | 397 | N/A | N/A | 0% |
| Others | 19.8 | 58.4 | 98.3 | 93.9 | 68.0% |
| Total | 3,617 | 1,558 | 1,002 | 2,458 | -12.1% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to South Africa in 2022:
- Italy (1240.2 tons)
- Ukraine (356.3 tons)
- China (273.7 tons)
- Turkey (67.9 tons)
- Germany (50.6 tons)
Exports of Steel, Alloy; Semi-Finished Products in South Africa
In 2022, shipments abroad of steel, alloy; semi-finished productses decreased by -61.2% to 74 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 359% against the previous year. As a result, the exports attained the peak of 192 tons, and then dropped sharply in the following year.
In value terms, steel, alloy; semi-finished products exports reduced notably to $149K in 2022. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 114%.
| Export of Steel, Alloy; Semi-Finished Products in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 39.1 | 38.3 | 94.4 | 51.3 | 9.5% |
| Zimbabwe | 29.5 | 35.7 | 31.8 | 46.5 | 16.4% |
| Italy | N/A | N/A | N/A | 26.0 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 10.4 | 0% |
| Botswana | N/A | 0.3 | 0.4 | 5.2 | 316.3% |
| Lesotho | 12.1 | 3.7 | 0.2 | 3.3 | -35.2% |
| Swaziland | 4.1 | 17.5 | 2.9 | 0.6 | -47.3% |
| South Korea | N/A | 142 | N/A | N/A | 0% |
| Madagascar | N/A | N/A | 303 | N/A | 0% |
| Ghana | N/A | N/A | 42.6 | N/A | 0% |
| Others | 28.0 | 3.8 | 12.9 | 5.5 | -41.9% |
| Total | 113 | 241 | 488 | 149 | 9.7% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from South Africa in 2022:
- Italy (46.4 tons)
- Zimbabwe (15.2 tons)
- Mauritius (6.1 tons)
- United Arab Emirates (2.9 tons)
- Botswana (1.6 tons)
- Lesotho (0.7 tons)
- Swaziland (0.3 tons)
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