SADC: Market for Hot-Rolled Wire Rod In Coil Of Stainless Steel 2025

Market Size for Hot-Rolled Wire Rod In Coil Of Stainless Steel in SADC

In 2022, the SADC market for hot-rolled wire rod in coil of stainless steel increased by 40% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Wire Rod In Coil Of Stainless Steel in SADC

In value terms, hot-rolled wire stainless steel rod production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 50%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Exports in SADC

In 2022, after two years of growth, there was significant decline in overseas shipments of hot-rolled wire rod in coil of stainless steel, when their volume decreased by -56.4% to X tons. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hot-rolled wire stainless steel rod exports contracted rapidly to $X in 2022. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 41% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) and South Africa (X tons) dominates exports structure, together mixing up 94% of total exports. It was distantly followed by Zambia (X tons), generating a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +56.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest hot-rolled wire stainless steel rod supplying countries in SADC were South Africa ($X), Tanzania ($X) and Zambia ($X), with a combined 100% share of total exports.

Tanzania, with a CAGR of +49.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by 13% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire stainless steel rod export price decreased by -33.1% against 2019 indices. The growth pace was the most rapid in 2014 when the export price increased by 63%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.2%), while the other leaders experienced a decline in the export price figures.

Imports of Hot-Rolled Wire Rod In Coil Of Stainless Steel

Imports in SADC

In 2022, approx. X tons of hot-rolled wire rod in coil of stainless steel were imported in SADC; remaining relatively unchanged against the previous year. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hot-rolled wire stainless steel rod imports surged to $X in 2022. Overall, imports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the key importer of hot-rolled wire rod in coil of stainless steel in SADC, with the volume of imports amounting to X tons, which was approx. 72% of total imports in 2022. Namibia (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Botswana (5.4%). Swaziland (X tons) held a relatively small share of total imports.

Imports into South Africa decreased at an average annual rate of -6.2% from 2012 to 2022. At the same time, Namibia (+42.0%) and Botswana (+4.6%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of +42.0% from 2012-2022. By contrast, Swaziland (-5.0%) illustrated a downward trend over the same period. Namibia (+15 p.p.), South Africa (+13 p.p.) and Botswana (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported hot-rolled wire rod in coil of stainless steel in SADC, comprising 92% of total imports. The second position in the ranking was held by Namibia ($X), with a 3.5% share of total imports. It was followed by Botswana, with a 1.8% share.

In South Africa, hot-rolled wire stainless steel rod imports declined by an average annual rate of -3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (+26.8% per year) and Botswana (+5.8% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, jumping by 35% against the previous year. Overall, the import price continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2021 an increase of 43%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform