SADC: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in SADC

For the fifth year in a row, the SADC hot-rolled steel products market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Hot-Rolled Steel Products Production in SADC

In value terms, hot-rolled steel products production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Hot-Rolled Steel Products Exports

Exports in SADC

In 2022, approx. X tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were exported in SADC; waning by X% against 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled steel products exports amounted to $X in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. Tanzania (X tons) took the second position in the ranking, followed by Mozambique (X tons). All these countries together held approx. X% share of total exports. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Tanzania (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Tanzania (X p.p.), Mozambique (X p.p.) and Zambia (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 ($X) remains the largest hot-rolled steel products supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Mozambique, with a X% share.

In South Africa, hot-rolled steel products exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Mozambique (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price showed a prominent expansion. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Hot-Rolled Steel Products Imports

Imports in SADC

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than hot-rolled) increased by X% to X tons, rising for the fourth year in a row after three years of decline. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, hot-rolled steel products imports soared to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

South Africa (X tons) and Tanzania (X tons) prevails in imports structure, together comprising X% of total imports. It was distantly followed by Angola (X tons) and Zambia (X tons), together mixing up a X% share of total imports. The following importers - Mozambique (X tons), Democratic Republic of the Congo (X tons) and Zimbabwe (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Zambia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Angola, Democratic Republic of the Congo, Mozambique and Zimbabwe lagged somewhat behind, together accounting for a further X%.

Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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