SADC: Flat-Rolled Steel Products Market 2024

Flat-Rolled Steel Products Market Size in SADC

The SADC flat-rolled steel products market stood at $X in 2021, with an increase of 4.2% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Flat-Rolled Steel Products Production in SADC

In value terms, flat-rolled steel products production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Flat-Rolled Steel Products Exports

Exports in SADC

In 2021, overseas shipments of flat-rolled products of iron or non-alloy steel were finally on the rise to reach X tons after three years of decline. Overall, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 40% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flat-rolled steel products exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 67% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa represented the key exporting country with an export of around X tons, which finished at 76% of total exports. It was distantly followed by Tanzania (X tons), achieving a 23% share of total exports.

Exports from South Africa decreased at an average annual rate of -15.8% from 2012 to 2021. At the same time, Tanzania (+5.0%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +5.0% from 2012-2021. While the share of Tanzania (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Africa (-19.5 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest flat-rolled steel products supplier in SADC, comprising 76% of total exports. The second position in the ranking was held by Tanzania ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -10.8%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, rising by 23% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 49%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.9%).

Flat-Rolled Steel Products Imports

Imports in SADC

Flat-rolled steel products imports soared to X tons in 2021, with an increase of 32% against 2020. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 79%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, flat-rolled steel products imports surged to $X in 2021. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa dominates imports structure, finishing at X tons, which was approx. 91% of total imports in 2021. The following importers - Swaziland (X tons) and Tanzania (X tons) - each accounted for a 3.8% share of total imports.

South Africa was also the fastest-growing in terms of the flat-rolled products of iron or non-alloy steel imports, with a CAGR of +24.4% from 2012 to 2021. At the same time, Swaziland (+7.8%) displayed positive paces of growth. Tanzania experienced a relatively flat trend pattern. While the share of South Africa (+54 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tanzania (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported flat-rolled products of iron or non-alloy steel in SADC, comprising 90% of total imports. The second position in the ranking was held by Swaziland ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in South Africa totaled +25.1%. The remaining importing countries recorded the following average annual rates of imports growth: Swaziland (+10.7% per year) and Tanzania (+3.4% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, increasing by 47% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform