South Africa: Ferro-Titanium And Ferro-Silico-Titanium Market 2024

Ferro-Titanium And Ferro-Silico-Titanium Market Size in South Africa

In 2023, after two years of growth, there was significant decline in the South African ferro-titanium and ferro-silico-titanium market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a perceptible decrease. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted markedly in the following year.

Ferro-Titanium And Ferro-Silico-Titanium Exports

Exports from South Africa

In 2023, exports of ferro-titanium and ferro-silico-titanium from South Africa skyrocketed to X tons, picking up by X% against the previous year. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, ferro-titanium and ferro-silico-titanium exports soared to $X in 2023. In general, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for ferro-titanium and ferro-silico-titanium exports from South Africa, accounting for a X% share of total exports. Moreover, ferro-titanium and ferro-silico-titanium exports to the Netherlands exceeded the volume sent to the second major destination, Zambia (X tons), threefold. The third position in this ranking was held by Zimbabwe (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Zimbabwe (X% per year).

In value terms, the largest markets for ferro-titanium and ferro-silico-titanium exported from South Africa were the Netherlands ($X), Zambia ($X) and Morocco ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of X%, recorded 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-titanium and ferro-silico-titanium export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average 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 Morocco ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Titanium And Ferro-Silico-Titanium Imports

Imports into South Africa

In 2023, approx. X tons of ferro-titanium and ferro-silico-titanium were imported into South Africa; waning by X% compared with 2022 figures. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, ferro-titanium and ferro-silico-titanium imports shrank rapidly to $X in 2023. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Russia (X tons), Spain (X tons) and Latvia (X tons) were the main suppliers of ferro-titanium and ferro-silico-titanium imports to South Africa, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Latvia ($X) and Spain ($X) were the largest ferro-titanium and ferro-silico-titanium suppliers to South Africa, with a combined X% share of total imports.

Spain, with a CAGR of X%, saw 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-titanium and ferro-silico-titanium import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform