South Africa: Market for Remelting Scrap Ingots Of Iron Or Steel 2025

Market Size for Remelting Scrap Ingots Of Iron Or Steel in South Africa

The South African metal remelting scrap ingots market fell modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in South Africa

In value terms, metal remelting scrap ingots production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from South Africa

After three years of decline, shipments abroad of remelting scrap ingots of iron or steel decreased by X% to X kg in 2016. In general, exports showed a precipitous slump. The smallest decline of X% was in 2013. The exports peaked at X kg in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

In value terms, metal remelting scrap ingots exports amounted to $X in 2016. Overall, exports recorded a precipitous shrinkage. The smallest decline of X% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X kg) was the main destination for metal remelting scrap ingots exports from South Africa, accounting for a X% share of total exports. Moreover, metal remelting scrap ingots exports to Swaziland exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold. The third position in this ranking was held by Botswana (X kg), with an X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Swaziland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Botswana (X% per year).

In value terms, the largest markets for metal remelting scrap ingots exported from South Africa were the United Arab Emirates ($X), Botswana ($X) and Swaziland ($X), together comprising X% of total exports.

Botswana, with a CAGR of X%, recorded 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 a decline.

Export Prices by Country

The average metal remelting scrap ingots export price stood at $X per ton in 2016, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 a decrease of X%. The export price peaked in 2016 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into South Africa

In 2022, metal remelting scrap ingots imports into South Africa fell markedly to X kg, which is down by X% compared with 2021. In general, imports recorded a significant decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal remelting scrap ingots imports reduced rapidly to $X in 2022. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lesotho (X kg) constituted the largest metal remelting scrap ingots supplier to South Africa, with a X% share of total imports. Moreover, metal remelting scrap ingots imports from Lesotho exceeded the figures recorded by the second-largest supplier, Botswana (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Lesotho stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Namibia (X% per year).

In value terms, Lesotho ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to South Africa, comprising X% of total imports. The second position in the ranking was taken by Botswana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lesotho stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (X% per year) and Namibia (X% per year).

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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