SADC: Hot-Rolled Free-Cutting Steel Market 2024

Hot-Rolled Free-Cutting Steel Market Size in SADC

In 2022, the SADC hot-rolled free-cutting steel market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hot-Rolled Free-Cutting Steel Production in SADC

In value terms, hot-rolled free-cutting steel production totaled $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports in SADC

In 2022, the amount of hot-rolled bars in free-cutting steels exported in SADC soared to X tons, jumping by X% compared with 2021 figures. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, hot-rolled free-cutting steel exports soared to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Angola represented the major exporter of hot-rolled bars in free-cutting steels in SADC, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Tanzania (X tons) and South Africa (X tons), together making up a X% share of total exports. Zambia (X tons) followed a long way behind the leaders.

Angola was also the fastest-growing in terms of the hot-rolled bars in free-cutting steels exports, with a CAGR of X% from 2012 to 2022. At the same time, Tanzania (X%) displayed positive paces of growth. South Africa and Zambia experienced a relatively flat trend pattern. Angola (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while Zambia and South Africa saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Angola ($X) remains the largest hot-rolled free-cutting steel supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by South Africa, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Angola totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export 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. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Africa ($X per ton) and Tanzania ($X per ton), while Zambia ($X per ton) and Angola ($X per ton) were 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.

Hot-Rolled Free-Cutting Steel Imports

Imports in SADC

In 2022, approx. X tons of hot-rolled bars in free-cutting steels were imported in SADC; increasing by X% on the year before. In general, imports, however, continue to indicate a mild decrease. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a slight setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Tanzania prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2022. Mauritius (X tons), Namibia (X tons), Democratic Republic of the Congo (X tons), Mozambique (X tons) and Zimbabwe (X tons) held a relatively small share of total imports.

Tanzania experienced a relatively flat trend pattern with regard to volume of imports of hot-rolled bars in free-cutting steels. At the same time, Democratic Republic of the Congo (X%), Namibia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mozambique experienced a relatively flat trend pattern. By contrast, Zimbabwe (X%) illustrated a downward trend over the same period. Tanzania (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tanzania ($X) constitutes the largest market for imported hot-rolled bars in free-cutting steels in SADC, comprising X% of total imports. The second position in the ranking was held by Mauritius ($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 Tanzania was relatively modest. In the other countries, the average annual rates were as follows: Mauritius (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, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Mozambique ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :