SADC: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in SADC

In 2023, the SADC market for aluminium alloy plates, sheets and strip of thickness over X mm increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2023.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in SADC

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm contracted slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in SADC

In 2023, exports of aluminium alloy plates, sheets and strip of thickness over X mm in SADC contracted rapidly to X tons, declining by X% compared with the previous year. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm dropped markedly to $X in 2023. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, South Africa (X tons) was the largest exporter of aluminium alloy plates, sheets and strip of thickness over X mm in SADC, creating X% of total export.

South Africa was also the fastest-growing in terms of the aluminium alloy plates, sheets and strip of thickness over X mm exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier in SADC.

In South Africa, exports of aluminium alloy plates, sheets and strip of thickness over X mm declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in SADC

In 2023, the amount of aluminium alloy plates, sheets and strip of thickness over X mm imported in SADC expanded slightly to X tons, growing by X% compared with 2022. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm fell to $X in 2023. Overall, imports showed prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

South Africa prevails in mm structure, accounting for X tons, which was approx. X% of total imports in 2023. Angola (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%). The following importers - Zambia (X tons) and Mauritius (X tons) - each reached a X% share of total imports.

South Africa was also the fastest-growing in terms of the aluminium alloy plates, sheets and strip of thickness over X mm imports, with a CAGR of X% from 2012 to 2023. At the same time, Tanzania (X%), Angola (X%), Zambia (X%) and Mauritius (X%) displayed positive paces of growth. From 2012 to 2023, the share of South Africa increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with an X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform