South Africa: Market for Forged Bars Of Stainless Steel 2025

Market Size for Forged Bars Of Stainless Steel in South Africa

The South African forged stainless steel bar market fell to $X in 2022, which is down by X% against the previous year. In general, consumption showed a pronounced shrinkage. Forged stainless steel bar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Forged Bars Of Stainless Steel in South Africa

In value terms, forged stainless steel bar production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Forged Bars Of Stainless Steel

Exports from South Africa

In 2022, forged stainless steel bar exports from South Africa skyrocketed to X tons, growing by X% compared with the previous year. In general, exports, however, saw a perceptible descent. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, forged stainless steel bar exports reached $X in 2022. Overall, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons) was the main destination for forged stainless steel bar exports from South Africa, with a X% share of total exports. Moreover, forged stainless steel bar exports to Namibia exceeded the volume sent to the second major destination, Swaziland (X tons), more than tenfold. The third position in this ranking was taken by Botswana (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Namibia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Botswana (X% per year).

In value terms, Namibia ($X) remains the key foreign market for forged bars of stainless steel exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Swaziland ($X), with a X% share of total exports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Namibia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (X% per year) and Botswana (X% per year).

Export Prices by Country

In 2022, the average forged stainless steel bar export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Saint Helena, Ascension and Tristan da Cunha (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Forged Bars Of Stainless Steel

Imports into South Africa

In 2022, the amount of forged bars of stainless steel imported into South Africa declined remarkably to X tons, waning by X% on the previous year's figure. Over the period under review, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, forged stainless steel bar imports contracted remarkably to $X in 2022. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest forged stainless steel bar supplier to South Africa, accounting for a X% share of total imports. Moreover, forged stainless steel bar imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, India ($X) constituted the largest supplier of forged bars of stainless steel to South Africa, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average forged stainless steel bar import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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