SADC: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in SADC

The SADC market for raw steel and steel semi-finished products contracted to $X in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in SADC

In value terms, production of raw steel and steel semi-finished products fell to $X in 2022 estimated in export price. In general, production showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports in SADC

In 2022, the amount of raw steel and steel semi-finished products exported in SADC soared to X tons, jumping by X% against the previous year. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

South Africa represented the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Angola (X tons), comprising a X% share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Angola (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Angola (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest raw steel and steel semi-finished products supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Angola ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Raw Steel And Steel Semi-Finished Products

Imports in SADC

In 2022, the amount of raw steel and steel semi-finished products imported in SADC soared to X tons, picking up by X% on the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of raw steel and steel semi-finished products surged to $X in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Tanzania represented the largest importer of raw steel and steel semi-finished products in SADC, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Democratic Republic of the Congo (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%). Mauritius (X tons) followed a long way behind the leaders.

Imports into Tanzania increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%), Democratic Republic of the Congo (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tanzania, Democratic Republic of the Congo and Mauritius increased by X, X and X percentage points, respectively.

In value terms, Tanzania ($X) constitutes the largest market for imported raw steel and steel semi-finished products in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tanzania stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price saw a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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