South Africa: Extruded Rod Market 2022

Extruded Rod Market Size in South Africa

The South African extruded rod market shrank modestly to $X in 2021, which is down by -X% against the previous year. Over the period under review, consumption, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Extruded Rod Production in South Africa

In value terms, extruded rod production shrank to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Extruded Rod Exports

Exports from South Africa

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, extruded rod exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of extruded rod exports from South Africa, with a combined X% share of total exports. These countries were followed by Namibia, Lesotho, Botswana and Angola, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Zambia ($X) and Namibia ($X) constituted the largest markets for extruded rod exported from South Africa worldwide, together comprising X% of total exports. Botswana, Zimbabwe, Lesotho and Angola lagged somewhat behind, together comprising a further X terms of the main countries of destination, Angola, with a CAGR of +X%, 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 2021, the average extruded rod export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Botswana ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into South Africa

In 2021, purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports shrank to $X in 2021. Over the period under review, imports, however, posted a tangible increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of extruded rod imports to South Africa, with a combined X% share of total imports. Turkey, India, Thailand, France, the UK and Belgium lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest extruded rod suppliers to South Africa, together comprising X% of total imports. These countries were followed by France, the UK, Turkey, Thailand, India and Belgium, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a strong increase. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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