South Africa: Copper Chain Market 2024

Copper Chain Market Size in South Africa

The South African copper chain market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Copper chain consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Copper Chain Production in South Africa

In value terms, copper chain production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X,600% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Copper Chain Exports

Exports from South Africa

In 2022, copper chain exports from South Africa declined remarkably to X tons, waning by X% on the year before. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper chain exports shrank markedly to $X in 2022. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 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 remained at a lower figure.

Exports by Country

Lesotho (X kg), Botswana (X kg) and Swaziland (X kg) were the main destinations of copper chain exports from South Africa, together comprising X% of total exports. Namibia, Zambia and Mozambique lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper chain exported from South Africa were Botswana ($X), Namibia ($X) and Zambia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Namibia, 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

The average copper chain export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, 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 Zambia ($X per ton), while the average price for exports to Lesotho ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Chain Imports

Imports into South Africa

In 2022, supplies from abroad of chain and parts thereof of copper was finally on the rise to reach X tons after five years of decline. Overall, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper chain imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), the UK (X tons) and China (X kg) were the main suppliers of copper chain imports to South Africa, together accounting for X% of total imports. Switzerland, the United States and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest copper chain suppliers to South Africa were Switzerland ($X), the UK ($X) and South Korea ($X), together accounting for X% of total imports. China, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average copper chain import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a pronounced increase 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, copper chain import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform