South Africa: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in South Africa

In 2022, the South African steel plaited band market increased by 11% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a slight shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Steel Plaited Band Production in South Africa

In value terms, steel plaited band production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Steel plaited band production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Steel Plaited Band Exports

Exports from South Africa

In 2022, exports of iron or steel plaited bands and slings from South Africa shrank to X tons, with a decrease of -13.8% on the year before. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, steel plaited band exports rose modestly to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 66% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons) was the main destination for steel plaited band exports from South Africa, accounting for a 35% share of total exports. Moreover, steel plaited band exports to Namibia exceeded the volume sent to the second major destination, Mozambique (X tons), threefold. The third position in this ranking was held by Swaziland (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+1.1% per year) and Swaziland (+22.7% per year).

In value terms, Namibia ($X) remains the key foreign market for iron or steel plaited bands and slings exports from South Africa, comprising 30% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 10% share of total exports. It was followed by Zambia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Namibia amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+1.4% per year) and Zambia (-11.3% per year).

Export Prices by Country

In 2022, the average steel plaited band export price amounted to $X per ton, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Japan ($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 Zambia (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Plaited Band Imports

Imports into South Africa

For the third consecutive year, South Africa recorded decline in purchases abroad of iron or steel plaited bands and slings, which decreased by -2.1% to X tons in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 46%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, steel plaited band imports skyrocketed to $X in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by 40% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest steel plaited band supplier to South Africa, with a 41% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+48.5% per year) and Thailand (+114.1% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel plaited bands and slings to South Africa, comprising 30% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.4% per year) and Thailand (+98.5% per year).

Import Prices by Country

In 2022, the average steel plaited band import price amounted to $X per ton, increasing by 29% against the previous year. In general, the import price continues to indicate noticeable growth. The pace of growth was the most pronounced in 2018 an increase of 137% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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