South Africa: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in South Africa

In 2022, the South African ferro-silicon market increased by X% to $X, rising for the second year in a row after eight years of decline. In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ferro-Silicon Production in South Africa

In value terms, ferro-silicon production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Ferro-Silicon Exports

Exports from South Africa

In 2022, shipments abroad of ferro-silicon was finally on the rise to reach X tons after three years of decline. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ferro-silicon exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons), Botswana (X tons) and India (X tons) were the main destinations of ferro-silicon exports from South Africa, with a combined X% share of total exports. Namibia, the United States, the Netherlands, Russia, Angola, Zimbabwe, France, Italy, Democratic Republic of the Congo and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for ferro-silicon exported from South Africa were Australia ($X), Botswana ($X) and the United States ($X), together accounting for X% of total exports. India, the Netherlands, Namibia, Russia, France, Spain, Angola, Zimbabwe, Democratic Republic of the Congo and Italy lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of 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

The average ferro-silicon export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Ferro-Silicon Imports

Imports into South Africa

In 2022, approx. X tons of ferro-silicon were imported into South Africa; increasing by X% against 2021 figures. Overall, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, ferro-silicon imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Zambia (X tons) were the main suppliers of ferro-silicon imports to South Africa, with a combined X% share of total imports. India, Norway, Canada and Brazil 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 Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Zambia ($X) constituted the largest ferro-silicon suppliers to South Africa, together comprising X% of total imports. India, Norway, Canada and Brazil lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average ferro-silicon import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Canada ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform