South Africa: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in South Africa

The South African aluminium and titanium market declined dramatically to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aluminium And Titanium Production in South Africa

In value terms, aluminium and titanium production fell slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Aluminium And Titanium Exports

Exports from South Africa

In 2022, the amount of aluminium and titanium exported from South Africa rose markedly to X tons, increasing by X% against 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium and titanium exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of aluminium and titanium exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, 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 largest markets for aluminium and titanium exported from South Africa were the Netherlands ($X), the United States ($X) and Switzerland ($X), together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the average aluminium and titanium export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Switzerland ($X per ton), while the average price for exports to India ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into South Africa

In 2022, approx. X tons of aluminium and titanium were imported into South Africa; falling by X% compared with 2021. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aluminium and titanium imports expanded modestly to $X in 2022. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminium and titanium imports to South Africa, together accounting for X% of total imports. Vietnam, South Korea, Thailand, Qatar, Malaysia and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium and titanium suppliers to South Africa were Bahrain ($X), India ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Vietnam, South Korea, Thailand, Qatar, Malaysia and Australia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, 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 aluminium and titanium import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price 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, aluminium and titanium import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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