Report Update: Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nov 15, 2023

Falling Ferro-Alloys Exports in South Africa Plummet 21%, Reaching $295M in July 2023

South Africa FerroAlloys Exports

In July 2023, the amount of ferro-alloys exported from South Africa declined notably to 268K tons, waning by -21.9% compared with the previous month. In general, exports continue to indicate a perceptible descent. The growth pace was the most rapid in January 2023 when exports increased by 77% month-to-month. As a result, the exports attained the peak of 476K tons. From February 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-alloys exports reduced dramatically to $295M (IndexBox estimates) in July 2023. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in January 2023 when exports increased by 87% m-o-m. South Africa<a href= FerroAlloys Exports By Country (Million USD)">

COUNTRY	Export Value of FerroAlloys in South Africa (million USD)
COUNTRY	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023
China	217	126	88.0	48.3	108	111	254	83.6	184	126	161	134	100
Mozambique	114	51.5	69.5	60.7	59.9	56.5	74.5	59.8	36.9	75.8	82.7	107	74.0
United States	80.4	8.3	24.4	51.1	66.1	3.5	36.3	18.9	7.8	28.6	31.3	0.6	38.0
Belgium	7.6	N/A	0.2	0.3	< 0.1	N/A	28.1	44.2	38.2	31.2	6.2	19.6	22.4
Italy	3.5	12.0	6.2	14.0	4.6	5.8	16.3	9.8	14.8	12.1	5.6	1.8	10.9
United Arab Emirates	N/A	3.4	21.0	6.3	10.9	9.8	20.9	45.0	52.5	23.2	2.9	6.5	< 0.1
Indonesia	43.3	59.6	65.5	34.0	18.1	25.5	13.8	N/A	79.0	6.9	10.2	52.4	N/A
Others	47.6	68.2	89.1	46.2	80.8	50.8	47.4	110	121	59.0	112	51.0	49.1
Total	512	329	364	261	348	263	492	372	535	362	412	373	295

Exports by Country

China (99K tons), Mozambique (71K tons) and the United States (34K tons) were the main destinations of ferro-alloys exports from South Africa, together comprising 76% of total exports. Belgium, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 10%.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +10.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ferro-alloys exported from South Africa were China ($100M), Mozambique ($74M) and the United States ($38M), together accounting for 72% of total exports. These countries were followed by Belgium, Italy and the United Arab Emirates, which together accounted for a further 11%.

In terms of the main countries of destination, Italy, with a CAGR of +9.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Exports by Type

Ferro-chromium (240K tons) was the largest type of ferro-alloys exported from South Africa, accounting for a 89% share of total exports. Moreover, ferro-chromium exceeded the volume of the second product type, ferro-silico-manganese (17K tons), more than tenfold. Ferro-manganese (6.8K tons) ranked third in terms of total exports with a 2.6% share.

From July 2022 to July 2023, the average monthly growth rate of the volume of export of ferro-chromium stood at -3.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: ferro-silico-manganese (+0.8% per month) and ferro-manganese (-5.8% per month).

In value terms, ferro-chromium ($251M) remains the largest type of ferro-alloys exported from South Africa, comprising 85% of total exports. The second position in the ranking was taken by ferro-silico-manganese ($19M), with a 6.3% share of total exports. It was followed by miscellaneous ferro-alloys, with a 3.8% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of ferro-chromium stood at -4.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: ferro-silico-manganese (+0.4% per month) and miscellaneous ferro-alloys (-3.7% per month).

Export Prices by Country

In July 2023, the ferroalloys price amounted to $1,101 per ton (FOB, South Africa), standing approximately at the previous month. In general, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 12% against the previous month. The export price peaked at $1,307 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Belgium ($1,283 per ton), while the average price for exports to the United Arab Emirates ($797 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.8%), while the prices for the other major destinations experienced a decline.

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

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

Falling Ferro-Alloys Exports in South Africa Plummet 21%, Reaching $295M in July 2023

South Africa FerroAlloys Exports

Exports by Country

Exports by Type

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

Recommended posts