Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa - 2024
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa (FOB) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa (CIF) - 2022
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $1,747 per ton, which is down by -17.6% against the previous year. Over the period under review, the export price showed a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. The export price peaked at $2,120 per ton in 2021, and then fell sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($5,411 per ton), while the average price for exports to Namibia ($1,225 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 Swaziland (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $4,140 per ton in 2022, which is down by -28.6% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 72%. Over the period under review, average import prices attained the maximum at $7,544 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Italy ($14,227 per ton), while the price for China ($3,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa
In 2022, approx. 3.1K tons of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were exported from South Africa; growing by 10% on 2021 figures. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia contracted to $5.3M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, the exports reached the peak of $5.9M, and then contracted in the following year.
| Export of Steel, Stainless; (Excluding 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 |
| Botswana | 934 | 1,018 | 2,260 | 2,046 | 29.9% |
| Namibia | 568 | 595 | 1,043 | 1,190 | 28.0% |
| Democratic Republic of the Congo | 625 | 293 | 464 | 747 | 6.1% |
| Zimbabwe | 152 | 509 | 709 | 595 | 57.6% |
| Swaziland | 209 | 172 | 242 | 262 | 7.8% |
| Zambia | 440 | 184 | 156 | 234 | -19.0% |
| Kenya | 382 | 15.8 | N/A | N/A | -95.9% |
| Others | 1,208 | 535 | 1,003 | 262 | -39.9% |
| Total | 4,517 | 3,321 | 5,877 | 5,336 | 5.7% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from South Africa in 2022:
- Botswana (1570.4 tons)
- Namibia (972.1 tons)
- Zimbabwe (152.3 tons)
- Democratic Republic of the Congo (138.0 tons)
- Swaziland (82.3 tons)
- Zambia (77.9 tons)
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in South Africa
In 2022, supplies from abroad of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by 67% to 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia surged to $5.3M in 2022. In general, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 42%.
| Import of Steel, Stainless; (Excluding 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 |
| China | 3,436 | 2,441 | 3,219 | 3,866 | 4.0% |
| Germany | 212 | 68.2 | 90.8 | 338 | 16.8% |
| Italy | 1,757 | 93.1 | 213 | 262 | -47.0% |
| India | 179 | 131 | 217 | 84.1 | -22.3% |
| Taiwan (Chinese) | 194 | N/A | 7.3 | 0.7 | -84.7% |
| Others | 764 | 424 | 719 | 773 | 0.4% |
| Total | 6,542 | 3,156 | 4,467 | 5,324 | -6.6% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to South Africa in 2022:
- China (1176.4 tons)
- Germany (30.5 tons)
- India (22.4 tons)
- Italy (18.4 tons)
- Taiwan (Chinese) (0.1 tons)
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