SADC: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in SADC

The SADC stainless steel angle market fell modestly to $X in 2022, declining by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Stainless Steel Angle Production in SADC

In value terms, stainless steel angle production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Stainless Steel Angle Exports

Exports in SADC

In 2022, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel angle exports dropped to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the major exporter of angles, shapes and sections of stainless steel or other alloy steel, achieving X% of total exports. Zimbabwe (X tons) held the second position in the ranking, followed by Zambia (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel angle exports from South Africa stood at X%. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. Zambia (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest stainless steel angle supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total exports.

In South Africa, stainless steel angle exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Zambia (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed tangible growth. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Stainless Steel Angle Imports

Imports in SADC

In 2022, the amount of angles, shapes and sections of stainless steel or other alloy steel imported in SADC reduced remarkably to X tons, which is down by X% against 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, stainless steel angle imports fell significantly to $X in 2022. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the key importer of angles, shapes and sections of stainless steel or other alloy steel in SADC, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Namibia (X tons), Lesotho (X tons), Malawi (X tons) and Botswana (X tons), together constituting a X% share of total imports. The following importers - Democratic Republic of the Congo (X tons) and Angola (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to stainless steel angle imports into South Africa stood at X%. At the same time, Lesotho (X%) and Malawi (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Democratic Republic of the Congo experienced a relatively flat trend pattern. By contrast, Botswana (X%), Namibia (X%) and Angola (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Lesotho (X p.p.), Malawi (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Botswana (X p.p.), Namibia (X p.p.) and Angola (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported angles, shapes and sections of stainless steel or other alloy steel in SADC, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price enjoyed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Malawi ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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