Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa - 2024
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (CIF) - 2022
The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $6,777 per ton in 2022, rising by 6.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs at $7,702 per ton in 2013; however, from 2014 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 Sweden ($24,778 per ton), while the price for China ($5,806 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $5,089 per ton in 2022, with a decrease of -5.2% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average export price increased by 149%. As a result, the export price reached the peak level of $17,627 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($65,331 per ton), while the average price for exports to Lesotho ($1,266 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 the United Arab Emirates (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa
In 2022, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia into South Africa surged to 1.3K tons, rising by 21% against the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% 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 +78.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $8.5M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 2.3 | 4.7 | 6.7 | 15.9% |
| United Kingdom | 0.4 | 0.5 | 0.6 | 0.3 | -9.1% |
| India | 0.6 | 1.1 | 0.4 | 0.1 | -45.0% |
| Others | 1.2 | 0.7 | 0.8 | 1.3 | 2.7% |
| Total | 6.4 | 4.7 | 6.6 | 8.5 | 9.9% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to South Africa in 2022:
- China (1158.3 tons)
- United Kingdom (20.2 tons)
- India (12.6 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia exported from South Africa dropped dramatically to 281 tons, with a decrease of -28.6% against the year before. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,108%. As a result, the exports reached the peak of 393 tons, and then reduced notably in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia dropped markedly to $1.4M in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 277% against the previous year. As a result, the exports reached the peak of $2.1M, and then fell markedly in the following year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 129 | N/A | 1,330 | 826 | 85.7% |
| Madagascar | 56.7 | 10.9 | 52.9 | 311 | 76.4% |
| Namibia | 7.9 | 9.1 | 154 | 43.9 | 77.1% |
| United Arab Emirates | N/A | N/A | 29.4 | 38.3 | 30.3% |
| Mauritius | 89.3 | 20.5 | 34.6 | 19.9 | -39.4% |
| Lesotho | 2.9 | 0.9 | N/A | 18.4 | 85.1% |
| Mozambique | 39.6 | 2.6 | 22.9 | 18.4 | -22.5% |
| Botswana | 20.2 | 0.4 | 80.5 | 13.2 | -13.2% |
| Zimbabwe | N/A | 11.6 | 148 | N/A | 1175.9% |
| Others | 419 | 504 | 255 | 139 | -30.8% |
| Total | 764 | 559 | 2,107 | 1,428 | 23.2% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from South Africa in 2022:
- Democratic Republic of the Congo (179.5 tons)
- Namibia (29.5 tons)
- Madagascar (18.4 tons)
- Lesotho (14.5 tons)
- United Arab Emirates (14.5 tons)
- Mauritius (5.4 tons)
- Mozambique (4.9 tons)
- Botswana (4.8 tons)
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