South Africa: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in South Africa

The South African unwrought aluminium alloys market rose notably to $X in 2020, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Unwrought Aluminium Alloys Production in South Africa

In value terms, unwrought aluminium alloys production amounted to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

Unwrought Aluminium Alloys Exports

Exports from South Africa

In 2020, unwrought aluminium alloys exports from South Africa fell rapidly to X tons, with a decrease of -X% compared with the previous year's figure. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports plummeted to $X in 2020. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of unwrought aluminium alloys exports from South Africa, with a combined X% share of total exports. These countries were followed by Indonesia, India, Malaysia and Kenya, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest markets for unwrought aluminium alloys exported from South Africa worldwide, with a combined X% share of total exports. Indonesia, Kenya, Malaysia and India lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Kenya (+X% per year) saw the highest rates of growth with regard to 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

The average unwrought aluminium alloys export price stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Kenya ($X per ton), while the average price for exports to South Korea ($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 South Korea, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into South Africa

In 2020, purchases abroad of unwrought aluminium alloys was finally on the rise to reach X tons for the first time since 2009, thus ending a ten-year declining trend. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, unwrought aluminium alloys imports surged to $X in 2020. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Bahrain (X tons), the United Arab Emirates (X tons) and Qatar (X tons) were the main suppliers of unwrought aluminium alloys imports to South Africa, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Bahrain (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought aluminium alloys suppliers to South Africa were Bahrain ($X), the United Arab Emirates ($X) and Qatar ($X), with a combined X% share of total imports.

In terms of the main suppliers, Bahrain (+X% per year) 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 more modest paces of growth.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Russia ($X per ton) and Australia ($X per ton), while the price for Bahrain ($X per ton) and Qatar ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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