Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa - 2024
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $700 per ton in 2022, falling by -85.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $5,595 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($11,611 per ton), while the average price for exports to Democratic Republic of the Congo ($626 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 Namibia (+6.0%), while the prices for the other major destinations experienced a decline.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $5,011 per ton in 2022, declining by -46.3% against the previous year. Over the period under review, the import price showed a slight shrinkage. The pace of growth was the most pronounced in 2018 an increase of 296%. The import price peaked at $44,026 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($13,280 per ton), while the price for Italy ($3,983 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+11.3%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa
In 2022, approx. 2.5K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from South Africa; with an increase of 3,187% against the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $1.7M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 7.4 | 1.4 | 0.1 | 1,525 | 490.7% |
| Namibia | 136 | 157 | 112 | 83.6 | -15.0% |
| Lesotho | 63.7 | 2.8 | 49.2 | 20.2 | -31.8% |
| Others | 96.6 | 86.7 | 200 | 104 | 2.5% |
| Total | 304 | 248 | 361 | 1,733 | 78.6% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from South Africa in 2022:
- Democratic Republic of the Congo (2437.4 tons)
- Lesotho (7.7 tons)
- Namibia (7.2 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia imported into South Africa skyrocketed to 30 tons, increasing by 857% compared with the year before. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $151K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.9 | 0.1 | N/A | 102 | 383.9% |
| China | 37.4 | 9.0 | 17.9 | 20.1 | -18.7% |
| United Kingdom | 1.6 | 6.6 | 3.4 | 10.5 | 87.2% |
| Belgium | 6.5 | 4.8 | 0.4 | 2.9 | -23.6% |
| Others | 22.1 | 3.2 | 7.8 | 16.1 | -10.0% |
| Total | 68.6 | 23.7 | 29.5 | 151 | 30.1% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to South Africa in 2022:
- Italy (25.5 tons)
- China (2.3 tons)
- United Kingdom (1.3 tons)
- Belgium (0.3 tons)
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