South Africa: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in South Africa

The South African market for iron, steel or aluminium reservoirs, tanks, vats and similar containers soared to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Iron, steel or aluminium reservoir consumption peaked at $X in 2014; however, from 2015 to 2020, consumption failed to regain momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from South Africa

In 2020, overseas shipments of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units for the first time since 2017, thus ending a two-year rising trend. In general, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir exports contracted to $X in 2020. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X units), Zimbabwe (X units) and Sweden (X units) were the main destinations of iron, steel or aluminium reservoir exports from South Africa, with a combined X% share of total exports.

From 2012 to 2020, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from South Africa were Zimbabwe ($X), Mozambique ($X) and Democratic Republic of the Congo ($X), together accounting for X% of total exports. Zambia, Botswana, Sweden, Namibia, Swaziland, Malawi, Lesotho and Angola lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, shrinking by X% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into South Africa

In 2020, after two years of growth, there was significant decline in supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by X% to X units. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, iron, steel or aluminium reservoir imports contracted dramatically to $X in 2020. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Thailand (X units) constituted the largest iron, steel or aluminium reservoir supplier to South Africa, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, Thailand ($X), China ($X) and Turkey ($X) were the largest iron, steel or aluminium reservoir suppliers to South Africa, with a combined X% share of total imports.

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

Import Prices by Country

The average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, reducing by X% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2020, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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