South Africa: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in South Africa

After four years of decline, the South African ferro-alloys market increased by X% to $X in 2022. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Ferro-Alloys Production in South Africa

In value terms, ferro-alloys production declined modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Ferro-Alloys Exports

Exports from South Africa

In 2022, the amount of ferro-alloys exported from South Africa dropped rapidly to X tons, shrinking by X% on the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ferro-alloys exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Mozambique (X tons) and the United States (X tons) were the main destinations of ferro-alloys exports from South Africa, together accounting for X% of total exports. Indonesia, the United Arab Emirates, Japan, South Korea, the Netherlands, Italy, Spain, Belgium, Taiwan (Chinese) and Germany 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 Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mozambique ($X) and the United States ($X) were the largest markets for ferro-alloys exported from South Africa worldwide, together comprising X% of total exports. Indonesia, the Netherlands, the United Arab Emirates, Japan, South Korea, Italy, Spain, Belgium, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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 ferro-alloys export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Belgium ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into South Africa

In 2022, purchases abroad of ferro-alloys increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-alloys imports amounted to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Zambia (X tons), Brazil (X tons) and China (X tons) were the main suppliers of ferro-alloys imports to South Africa, with a combined X% share of total imports.

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

In value terms, Brazil ($X) constituted the largest supplier of ferro-alloys to South Africa, comprising X% of total imports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Caledonia (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the average ferro-alloys import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a modest expansion 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, ferro-alloys import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform