South Africa: Copper Chain Market 2024

Copper Chain Market Size in South Africa

The South African copper chain market surged to $X in 2022, jumping by 122% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Copper chain consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Copper Chain Production in South Africa

In value terms, copper chain production amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 10,703,000% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Copper Chain Exports

Exports from South Africa

In 2022, the amount of chain and parts thereof of copper exported from South Africa reduced notably to X tons, with a decrease of -26.8% compared with 2021. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2015 when exports increased by 342%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper chain exports dropped sharply to $X in 2022. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 485% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Lesotho (X kg), Botswana (X kg) and Swaziland (X kg) were the main destinations of copper chain exports from South Africa, together accounting for 77% of total exports. Namibia, Zambia and Mozambique lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper chain exported from South Africa were Botswana ($X), Namibia ($X) and Zambia ($X), together accounting for 72% of total exports.

In terms of the main countries of destination, Namibia, with a CAGR of +21.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average copper chain export price amounted to $X per ton, declining by -8.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 43% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Lesotho ($X 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 Botswana (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Chain Imports

Imports into South Africa

In 2022, supplies from abroad of chain and parts thereof of copper was finally on the rise to reach X tons after five years of decline. Overall, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 42%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper chain imports surged to $X in 2022. In general, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), the UK (X tons) and China (X kg) were the main suppliers of copper chain imports to South Africa, with a combined 69% share of total imports. Switzerland, the United States and South Korea lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +41.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest copper chain suppliers to South Africa were Switzerland ($X), the UK ($X) and South Korea ($X), together accounting for 67% of total imports. China, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 26%.

The United States, with a CAGR of +30.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average copper chain import price amounted to $X per ton, growing by 14% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper chain import price decreased by -7.9% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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