South Africa: Market for Iron or Steel Cans 2025

Market Size for Iron or Steel Cans in South Africa

The South African iron or steel can market contracted to $X in 2021, declining by -6.2% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Iron or Steel Cans in South Africa

In value terms, iron or steel can production declined to $X in 2021 estimated in export price. Overall, production showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iron or Steel Cans

Exports from South Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of iron or steel cans, when their volume increased by 71% to X units. Overall, exports, however, recorded a precipitous shrinkage. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports skyrocketed to $X in 2021. In general, exports, however, recorded a precipitous setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X units) was the main destination for iron or steel can exports from South Africa, accounting for a 72% share of total exports. Moreover, iron or steel can exports to Zimbabwe exceeded the volume sent to the second major destination, Swaziland (X units), fourfold. Mozambique (X units) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Zimbabwe totaled +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (-1.5% per year) and Mozambique (-29.6% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for iron or steel cans exports from South Africa, comprising 73% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 12% share of total exports. It was followed by Mozambique, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zimbabwe totaled +58.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (-7.6% per year) and Mozambique (-29.5% per year).

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, picking up by 9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 38%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Angola ($X per unit), while the average price for exports to Swaziland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into South Africa

Iron or steel can imports into South Africa surged to X units in 2021, picking up by 29% against 2020. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 127%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, iron or steel can imports soared to $X in 2021. In general, imports showed tangible growth. The pace of growth appeared the most rapid in 2019 when imports increased by 121% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main supplier of iron or steel can to South Africa, with a 95% share of total imports. Moreover, iron or steel can imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+45.4% per year) and the UK (-39.0% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel cans to South Africa, comprising 93% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+48.3% per year) and the UK (-30.9% per year).

Import Prices by Country

In 2021, the average iron or steel can import price amounted to $X per unit, surging by 8.7% against the previous year. Over the period under review, the import price, however, saw a mild slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 79% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :