South Africa: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in South Africa

In 2023, the South African market for aluminium alloy plates, sheets and strip of thickness over X mm increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in South Africa

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm totaled $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from South Africa

Exports of aluminium alloy plates, sheets and strip of thickness over X mm from South Africa shrank markedly to X tons in 2023, with a decrease of X% compared with the year before. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm shrank notably to $X in 2023. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of exports of aluminium alloy plates, sheets and strip of thickness over X mm from South Africa, together accounting for X% of total exports. The Netherlands, the UK, Brazil, Australia, Saudi Arabia, Poland, China and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belgium ($X) and Germany ($X) were the largest markets for aluminium alloy plate, sheet and strip of thickness over X mm exported from South Africa worldwide, together accounting for X% of total exports. The Netherlands, the UK, Australia, Brazil, Saudi Arabia, Poland, China and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into South Africa

In 2023, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm fell markedly to $X in 2023. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2022, and then contracted markedly in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to South Africa, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to South Africa were China ($X), South Korea ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform