South Africa: Market for Iron Or Steel Towers And Lattice Masts 2024

Market Size for Iron Or Steel Towers And Lattice Masts in South Africa

The South African iron or steel towers market expanded remarkably to $X in 2023, increasing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Towers And Lattice Masts in South Africa

In value terms, iron or steel towers production expanded sharply to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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Exports of Iron Or Steel Towers And Lattice Masts

Exports from South Africa

In 2023, exports of iron or steel towers and lattice masts from South Africa skyrocketed to X tons, increasing by X% compared with 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, iron or steel towers exports surged to $X in 2023. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

France (X tons), Swaziland (X tons) and Lesotho (X tons) were the main destinations of iron or steel towers exports from South Africa, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for iron or steel towers exported from South Africa were Namibia ($X), Swaziland ($X) and Zambia ($X), with a combined X% share of total exports. Botswana, Lesotho, Democratic Republic of the Congo, Mozambique, Zimbabwe, France, Ghana and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, France, 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 mixed trend patterns.

Export Prices by Country

In 2023, the average iron or steel towers export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

Imports of Iron Or Steel Towers And Lattice Masts

Imports into South Africa

Iron or steel towers imports into South Africa reduced markedly to X tons in 2023, shrinking by X% on the previous year. Over the period under review, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, iron or steel towers imports reduced markedly to $X in 2023. Overall, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of iron or steel towers to South Africa, accounting for a X% share of total imports. Moreover, iron or steel towers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, the United States ($X), China ($X) and Spain ($X) were the largest iron or steel towers suppliers to South Africa, together comprising X% of total imports.

The United States, 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 mixed trend patterns.

Import Prices by Country

The average iron or steel towers import price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price continues to indicate slight growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform