SADC: Steel Railway Material Market 2024

Steel Railway Material Market Size in SADC

In 2022, the SADC steel railway material market was finally on the rise to reach $X after two years of decline. In general, consumption posted a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Steel Railway Material Production in SADC

In value terms, steel railway material production contracted remarkably to $X in 2022 estimated in export price. Overall, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X,526% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Steel Railway Material Exports

Exports in SADC

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were exported in SADC; which is down by X% against 2021. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, steel railway material exports reduced slightly to $X in 2022. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Mozambique (X tons), achieving a X% share of total exports. Zambia (X tons) took a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. 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, Mozambique (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

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

In South Africa, steel railway material exports shrank 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: Mozambique (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a mild expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 Mozambique (X%), while the other leaders experienced more modest paces of growth.

Steel Railway Material Imports

Imports in SADC

In 2022, approx. X tons of railway or tramway track construction material of iron or steel were imported in SADC; jumping by X% compared with 2021. Overall, imports enjoyed a temperate increase. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, steel railway material imports soared to $X in 2022. Over the period under review, imports saw a slight increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tanzania (X tons) and Mozambique (X tons) represented roughly X% of total imports in 2022. It was distantly followed by South Africa (X tons), committing a X% share of total imports. The following importers - Zimbabwe (X tons), Democratic Republic of the Congo (X tons) and Namibia (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, Tanzania ($X), Mozambique ($X) and South Africa ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Zimbabwe, Namibia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of 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, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :