South Africa: Aluminium Market Overview 2020

Aluminium Market Size in South Africa

The revenue of the aluminium market in South Africa amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, aluminium consumption, however, continues to indicate a pronounced drop. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. South Africa aluminium consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Aluminium Production in South Africa

In value terms, aluminium production amounted to $X in 2018 estimated in export prices. Over the period under review, aluminium production, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Over the period under review, aluminium production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Aluminium Exports

Exports from South Africa

In 2018, the amount of aluminium exported from South Africa stood at X tonnes, falling by -X% against the previous year. Overall, aluminium exports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. South Africa exports peaked at X tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, aluminium exports stood at $X in 2018. Over the period under review, aluminium exports continue to indicate a pronounced deduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, aluminium exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of aluminium exports in 2018 were Russia (X tonnes), Canada (X tonnes) and the United Arab Emirates (X tonnes), together amounting to X% of total export. India (X tonnes) occupied the next position in the ranking, followed by Australia (X tonnes), Norway (X tonnes) and Malaysia (X tonnes). All these countries together held near X% share of total exports. The following exporters - the Netherlands (X tonnes), Iceland (X tonnes), the U.S. (X tonnes), Qatar (X tonnes) and China (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United Arab Emirates ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by India, Australia, Norway, Malaysia, the Netherlands, Iceland, the U.S., Qatar, South Africa and China, which together accounted for a further X the main exporting countries, Malaysia experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aluminium export price in South Africa stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the aluminium export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, the export prices for aluminium reached their peak figure at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Aluminium Imports

Imports into South Africa

In 2018, approx. X tonnes of aluminium were imported into South Africa; falling by -X% against the previous year. Overall, aluminium imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. In that year, aluminium imports attained their peak of X tonnes. From 2013 to 2018, the growth of aluminium imports remained at a lower figure.

In value terms, aluminium imports stood at $X in 2018. In general, aluminium imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. South Africa imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes), distantly followed by Japan (X tonnes), Germany (X tonnes), South Korea (X tonnes) and Italy (X tonnes) represented the major importers of aluminium, together comprising X% of total imports. The Netherlands (X tonnes), Turkey (X tonnes), Mexico (X tonnes), Thailand (X tonnes), Poland (X tonnes), Malaysia (X tonnes) and Taiwan, Chinese (X tonnes) took a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported aluminium into South Africa, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Germany (-X% per year).

Import Prices by Country

The aluminium import price in South Africa stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the aluminium import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. South Africa import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Mexico ($X per tonne) and Poland ($X per tonne), while South Korea ($X per tonne) and Japan ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform