South Africa: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in South Africa

The South African market for railway or tramway track construction material of iron or steel was estimated at $X in 2021, flattening at the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.5% against 2015 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in South Africa

In value terms, production of railway or tramway track construction material of iron or steel shrank to $X in 2021 estimated in export price. In general, production saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from South Africa

In 2021, exports of railway or tramway track construction material of iron or steel from South Africa soared to X tons, increasing by 92% compared with the previous year. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep reduction. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Mozambique (X tons) and Zimbabwe (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from South Africa, together accounting for 75% of total exports. These countries were followed by Malawi, Swaziland, Botswana, Australia, Zambia, Tanzania and Democratic Republic of the Congo, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Malawi (with a CAGR of +53.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel railway construction materials exported from South Africa were Namibia ($X), Mozambique ($X) and Zimbabwe ($X), together accounting for 77% of total exports. Swaziland, Australia, Malawi, Botswana, Zambia, Tanzania and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Malawi, with a CAGR of +43.4%, recorded 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 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, waning by -17.8% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of 78% against the previous year. The export price peaked at $X per ton in 2020, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into South Africa

In 2021, purchases abroad of railway or tramway track construction material of iron or steel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2021. Overall, imports, however, faced a abrupt downturn. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), France (X tons) and Belgium (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to South Africa, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +30.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), France ($X) and Belgium ($X) constituted the largest iron and steel railway construction materials suppliers to South Africa, with a combined 97% share of total imports.

Among the main suppliers, France, with a CAGR of +20.5%, 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 a decline.

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, reducing by -23.3% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2019 an increase of 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :