South Africa: Market for Hot-Rolled Bars Of High Speed Steel 2025

Market Size for Hot-Rolled Bars Of High Speed Steel in South Africa

The South African market for hot-rolled bars of high speed steel fell to $X in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. Hot-rolled high speed steel bar consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars Of High Speed Steel in South Africa

In value terms, hot-rolled high speed steel bar production reached $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from South Africa

After two years of growth, overseas shipments of hot-rolled bars of high speed steel decreased by -49.1% to X tons in 2022. Overall, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2018 when exports increased by 121% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports fell markedly to $X in 2022. In general, exports showed a sharp descent. The growth pace was the most rapid in 2018 with an increase of 132% 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 remained at a lower figure.

Exports by Country

Botswana (X tons), Swaziland (X tons) and Lesotho (X tons) were the main destinations of hot-rolled high speed steel bar exports from South Africa, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +33.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Swaziland ($X) and Zimbabwe ($X) were the largest markets for hot-rolled high speed steel bar exported from South Africa worldwide, together comprising 71% of total exports.

Among the main countries of destination, Swaziland, with a CAGR of +29.2%, 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 export price for hot-rolled bars of high speed steel amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Lesotho ($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 Mozambique (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into South Africa

In 2022, purchases abroad of hot-rolled bars of high speed steel increased by 16% to X tons, rising for the second consecutive year after three years of decline. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 456% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports reduced to $X in 2022. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 157% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Canada (X tons), India (X tons) and China (X tons) were the main suppliers of hot-rolled high speed steel bar imports to South Africa, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +157.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Canada ($X) and France ($X) constituted the largest hot-rolled high speed steel bar suppliers to South Africa, with a combined 72% share of total imports.

Among the main suppliers, India, with a CAGR of +230.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2022, falling by -15.1% against the previous year. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 165%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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