Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $12,610 per ton, rising by 3% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel; non-threaded cotters and cotter-pinses increased by +105.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 71% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 the United States ($21,743 per ton), while the price for India ($2,465 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (FOB) - 2022
In 2022, the average export price for iron or steel; non-threaded cotters and cotter-pinses amounted to $16,980 per ton, surging by 6.5% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 iron or steel; non-threaded cotters and cotter-pinses increased by +76.7% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($37,419 per ton), while the average price for exports to Swaziland ($5,137 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 Angola (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa
In 2022, overseas purchases of iron or steel; non-threaded cotters and cotter-pinses increased by 14% to 399 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses soared to $5M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 863 | 1,696 | 1,926 | 2,163 | 35.8% |
| China | 315 | 284 | 384 | 714 | 31.4% |
| Italy | 290 | 295 | 431 | 524 | 21.8% |
| Germany | 330 | 246 | 269 | 323 | -0.7% |
| United Kingdom | 381 | 219 | 97.5 | 214 | -17.5% |
| India | 95.2 | 69.1 | 109 | 114 | 6.2% |
| Mexico | 8.2 | 131 | 185 | 105 | 134.0% |
| France | 640 | 300 | 35.9 | 35.6 | -61.8% |
| Others | 1,063 | 898 | 832 | 835 | -7.7% |
| Total | 3,985 | 4,137 | 4,269 | 5,027 | 8.1% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to South Africa in 2022:
- China (104.0 tons)
- United States (99.5 tons)
- India (46.2 tons)
- Italy (38.6 tons)
- United Kingdom (35.1 tons)
- Germany (18.1 tons)
- Mexico (13.7 tons)
- France (1.3 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa
For the third consecutive year, South Africa recorded decline in overseas shipments of iron or steel; non-threaded cotters and cotter-pinses, which decreased by -6.9% to 123 tons in 2022. In general, exports recorded a abrupt downturn. The smallest decline of -0.3% was in 2020.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses dropped slightly to $2.1M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports attained the peak of $2.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 637 | 679 | 759 | 653 | 0.8% |
| Namibia | 294 | 338 | 389 | 360 | 7.0% |
| Democratic Republic of the Congo | 233 | 347 | 165 | 275 | 5.7% |
| Mozambique | 244 | 313 | 233 | 254 | 1.3% |
| Botswana | 65.5 | 75.8 | 91.2 | 125 | 24.0% |
| Zimbabwe | 48.7 | 95.6 | 78.7 | 93.9 | 24.5% |
| Swaziland | 18.8 | 16.8 | 36.1 | 42.0 | 30.7% |
| United States | 182 | 126 | 51.5 | 39.2 | -40.1% |
| Tanzania | 78.2 | 17.7 | 19.0 | 29.1 | -28.1% |
| Others | 281 | 334 | 291 | 223 | -7.4% |
| Total | 2,082 | 2,343 | 2,112 | 2,094 | 0.2% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from South Africa in 2022:
- Zambia (36.0 tons)
- Botswana (16.3 tons)
- Namibia (12.8 tons)
- Zimbabwe (11.1 tons)
- Democratic Republic of the Congo (10.6 tons)
- Swaziland (8.2 tons)
- Mozambique (6.8 tons)
- United States (1.5 tons)
- Tanzania (1.1 tons)
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