Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa (CIF) - 2022

The average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses stood at $4,677 per ton in 2022, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 33%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($9,776 per ton), while the price for India ($3,526 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa (FOB) - 2022

In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,393 per ton, surging by 4.4% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -10.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 71%. As a result, the export price attained the peak level of $5,169 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($5,445 per ton), while the average price for exports to Botswana ($1,857 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 Malawi (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa

In 2022, after three years of growth, there was significant decline in overseas purchases of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -22.1% to 1.6K tons. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 165% against the previous year. As a result, imports reached the peak of 2.1K tons, and then declined dramatically in the following year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell to $7.6M in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 189%. As a result, imports reached the peak of $8.4M, and then fell in the following year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to South Africa in 2022:

1. Germany (580.3 tons)
2. China (408.3 tons)
3. Belgium (238.1 tons)
4. India (192.6 tons)
5. Spain (80.9 tons)
6. United States (44.7 tons)
7. Italy (28.6 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in South Africa

In 2022, the amount of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses exported from South Africa fell markedly to 99 tons, with a decrease of -45.8% compared with 2021. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses dropped dramatically to $433K in 2022. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $765K, and then shrank significantly in the following year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from South Africa in 2022:

1. Zimbabwe (80.4 tons)
2. Zambia (7.1 tons)
3. Botswana (2.1 tons)
4. Malawi (2.0 tons)
5. Namibia (1.8 tons)

Source: IndexBox Market Intelligence Platform