South Africa: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in South Africa

The South African market for iron, steel or aluminium reservoirs, tanks, vats and similar containers soared to $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Iron, steel or aluminium reservoir consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from South Africa

After two years of growth, shipments abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to X tons in 2020. Overall, exports, however, posted notable growth. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir exports reduced to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Botswana (X tons), Zimbabwe (X tons) and Sweden (X tons) were the main destinations of iron, steel or aluminium reservoir exports from South Africa, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Sweden, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron, steel or aluminium reservoir exported from South Africa were Zimbabwe ($X), Mozambique ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total exports. Zambia, Botswana, Sweden, Namibia, Swaziland and Lesotho lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into South Africa

In 2020, after two years of growth, there was significant decline in supplies from abroad of iron, steel or aluminium reservoirs, tanks, vats and similar containers, when their volume decreased by -X% to X tons. In general, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports fell remarkably to $X in 2020. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Thailand (X tons) constituted the largest iron, steel or aluminium reservoir supplier to South Africa, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from Thailand exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Turkey (+X% per year).

In value terms, Thailand ($X), China ($X) and Turkey ($X) constituted the largest iron, steel or aluminium reservoir suppliers to South Africa, together accounting for X% of total imports.

Among the main suppliers, Turkey saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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