South Africa: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in South Africa

The South African stainless steel angle market reduced to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Stainless Steel Angle Production in South Africa

In value terms, stainless steel angle production contracted to $X in 2022 estimated in export price. Overall, production saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Stainless steel angle production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Stainless Steel Angle Exports

Exports from South Africa

In 2022, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, stainless steel angle exports stood at $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Lesotho (X tons) and Botswana (X tons) were the main destinations of stainless steel angle exports from South Africa, with a combined X% share of total exports. Malawi, Mozambique, Swaziland, Democratic Republic of the Congo and Zambia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Namibia ($X), Lesotho ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for stainless steel angle exported from South Africa worldwide, with a combined X% share of total exports. Botswana, Zambia, Swaziland, Malawi and Mozambique lagged somewhat behind, together comprising a further X%.

Malawi, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average stainless steel angle export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

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

Stainless Steel Angle Imports

Imports into South Africa

In 2022, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, stainless steel angle imports dropped to $X in 2022. In general, imports showed a mild decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Sweden (X tons) and the UK (X tons) were the main suppliers of stainless steel angle imports to South Africa, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Sweden ($X) constituted the largest stainless steel angle suppliers to South Africa, together accounting for X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average stainless steel angle import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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