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South Africa - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Feb 1, 2025

South Africa - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights

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Oct 31, 2024

South Africa's Exports of Ferro-Alloys Surge to $4.8 Billion in 2023

South Africa Ferro-Alloys Exports

In 2023, the amount of ferro-alloys exported from South Africa surged to 4.4M tons, increasing by 17% on 2022. The total export volume increased at an average annual rate of +1.9% over the period from 2013 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The exports peaked at 4.4M tons in 2014; afterwards, it flattened through to 2023.

In value terms, ferro-alloys exports amounted to $4.8B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +2.7% from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 54%. The exports peaked in 2023 and are likely to continue growth in the immediate term.South Africa Ferro-Alloys Exports By Country (Million USD)

COUNTRYExport Value of Ferro-Alloys in South Africa (million USD)
20132014201520162017201820192020202120222023
China1,0721,1291,3201,2358537539179421,0501,3051,623
Mozambique5.113864.41571391091181062441,0131,053
Belgium11716715116913615514310022845.9302
Indonesia3.55.42.210.771.6436320249479349285
United States519702390379494411337225345421278
Japan333371285256243320227136205159191
United Arab Emirates8.210.613.5136414429374363611168149
South Korea25425330730131722019812828713483.6
Others1,3731,4931,0929071,063960651458714727858
Total3,6854,2693,6243,5493,7303,7933,2852,7074,1634,3224,823

Exports by Country

China (1.7M tons), Mozambique (1M tons) and Belgium (260K tons) were the main destinations of ferro-alloys exports from South Africa, with a combined 67% share of total exports.

From 2013 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of +69.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-alloys exported from South Africa were China ($1.6B), Mozambique ($1.1B) and Belgium ($302M), together comprising 62% of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +70.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Ferro-chromium (4M tons) was the largest type of ferro-alloys exported from South Africa, with a 92% share of total exports. Moreover, ferro-chromium exceeded the volume of the second product type, ferro-manganese (198K tons), more than tenfold. Ferro-silico-manganese (87K tons) ranked third in terms of total exports with a 2% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of ferro-chromium exports totaled +3.3%. With regard to the other exported products, the following average annual rates of growth were recorded: ferro-manganese (-10.8% per year) and ferro-silico-manganese (+10.5% per year).

In value terms, ferro-chromium ($4.2B) remains the largest type of ferro-alloys exported from South Africa, comprising 88% of total exports. The second position in the ranking was taken by ferro-manganese ($289M), with a 6% share of total exports. It was followed by miscellaneous ferro-alloys, with a 2.7% share.

From 2013 to 2023, the average annual rate of growth in terms of the value of ferro-chromium exports stood at +4.3%. With regard to the other exported products, the following average annual rates of growth were recorded: ferro-manganese (-7.6% per year) and miscellaneous ferro-alloys (-2.6% per year).

Export Prices by Country

In 2023, the ferro-alloys price stood at $1,096 per ton (FOB, South Africa), falling by -4.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,144 per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,457 per ton), while the average price for exports to the United Arab Emirates ($974 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-alloys market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • South Africa

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in South Africa
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2024
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2024
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2024
      2. Market Volume, In Physical Terms, 2012–2024
      3. Market Value, 2012–2024
      4. Per Capita Consumption In 2012-2024
      5. Imports, In Physical Terms, By Country, 2012–2024
      6. Imports, In Value Terms, By Country, 2012–2024
      7. Import Prices, By Country Of Origin, 2012–2024
      8. Exports, In Physical Terms, By Country, 2012–2024
      9. Exports, In Value Terms, By Country, 2012–2024
      10. Export Prices, By Country Of Destination, 2012–2024

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2024
      2. Market Value, 2012–2024
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
      5. Trade Balance, In Physical Terms, 2012-2024
      6. Trade Balance, In Value Terms, 2012-2024
      7. Per Capita Consumption, 2012-2024
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2024
      22. Production, In Value Terms, 2012–2024
      23. Imports, In Physical Terms, 2012–2024
      24. Imports, In Value Terms, 2012–2024
      25. Imports, In Physical Terms, By Country, 2024
      26. Imports, In Physical Terms, By Country, 2012–2024
      27. Imports, In Value Terms, By Country, 2012–2024
      28. Import Prices, By Country Of Origin, 2012–2024
      29. Exports, In Physical Terms, 2012–2024
      30. Exports, In Value Terms, 2012–2024
      31. Exports, In Physical Terms, By Country, 2024
      32. Exports, In Physical Terms, By Country, 2012–2024
      33. Exports, In Value Terms, By Country, 2012–2024
      34. Export Prices, By Country Of Destination, 2012–2024

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