South Africa: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in South Africa

The South African market for welded and cold-formed sections of steel expanded remarkably to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a slight shrinkage. Welded and cold-formed steel sections consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Welded And Cold-Formed Sections Of Steel in South Africa

In value terms, welded and cold-formed steel sections production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Welded and cold-formed steel sections production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from South Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of welded and cold-formed sections of steel, when their volume decreased by X% to X tons. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports fell rapidly to $X in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Swaziland (X tons) and Namibia (X tons) were the main destinations of welded and cold-formed steel sections exports from South Africa, with a combined X% share of total exports. Madagascar, Democratic Republic of the Congo, Zambia, Mozambique, Lesotho and Malawi lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for welded and cold-formed steel sections exported from South Africa were Botswana ($X), Zambia ($X) and Madagascar ($X), with a combined X% share of total exports.

Madagascar, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

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

Imports of Welded And Cold-Formed Sections Of Steel

Imports into South Africa

In 2022, approx. X tons of welded and cold-formed sections of steel were imported into South Africa; jumping by X% compared with 2021. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, welded and cold-formed steel sections imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of welded and cold-formed steel sections to South Africa, accounting for a X% share of total imports. Moreover, welded and cold-formed steel sections imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and India (X% per year).

In value terms, the Netherlands ($X), Brazil ($X) and Finland ($X) were the largest welded and cold-formed steel sections suppliers to South Africa, together accounting for X% of total imports.

Brazil, 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

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price showed a slight decline. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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