SADC: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in SADC

The SADC ferro-alloys market shrank to $X in 2023, which is down by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Ferro-Alloys Production in SADC

In value terms, ferro-alloys production amounted to $X in 2023 estimated in export price. The total production indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Ferro-Alloys Exports

Exports in SADC

Ferro-alloys exports was estimated at X tons in 2023, with an increase of X% against 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, ferro-alloys exports rose notably to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Zimbabwe (X tons), constituting a X% share of total exports. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Zimbabwe (X p.p.) and Zambia (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 2023, respectively.

In value terms, South Africa ($X) remains the largest ferro-alloys supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an X% share of total exports.

In South Africa, ferro-alloys exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

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

Ferro-Alloys Imports

Imports in SADC

In 2023, supplies from abroad of ferro-alloys decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, ferro-alloys imports plummeted to $X in 2023. In general, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

South Africa represented the main importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Zimbabwe (X tons), Botswana (X tons), Angola (X tons), Namibia (X tons) and Democratic Republic of the Congo (X tons), together committing a X% share of total imports. Tanzania (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of ferro-alloys. At the same time, Angola (X%), Namibia (X%), Tanzania (X%), Zimbabwe (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Botswana experienced a relatively flat trend pattern. From 2012 to 2023, the share of Angola, Namibia, Zimbabwe and Tanzania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported ferro-alloys in SADC, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Botswana (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform