South Africa: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in South Africa

The South African market for welded and cold-formed sections of steel amounted to $X in 2022, increasing by 3.2% against the previous year. Over the period under review, consumption, however, continues to indicate a slight setback. Welded and cold-formed steel sections consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in South Africa

In value terms, welded and cold-formed steel sections production totaled $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 9.5% against the previous year. Welded and cold-formed steel sections production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from South Africa

After two years of growth, overseas shipments of welded and cold-formed sections of steel decreased by -44.2% to X tons in 2022. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports declined rapidly to $X in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Swaziland (X tons) and Zambia (X tons) were the main destinations of welded and cold-formed steel sections exports from South Africa, with a combined 66% share of total exports. Namibia, Madagascar, Democratic Republic of the Congo, Mozambique, Lesotho and Malawi lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +47.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for welded and cold-formed steel sections exported from South Africa were Botswana ($X), Zambia ($X) and Madagascar ($X), with a combined 61% share of total exports.

Among the main countries of destination, Madagascar, with a CAGR of +57.6%, 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 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Swaziland ($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 Madagascar (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into South Africa

In 2022, imports of welded and cold-formed sections of steel into South Africa surged to X tons, increasing by 184% compared with the previous year. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 680% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, welded and cold-formed steel sections imports soared to $X in 2022. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 802% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest welded and cold-formed steel sections supplier to South Africa, with a 64% share of total imports. Moreover, welded and cold-formed steel sections imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +242.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+38.4% per year) and India (-19.1% per year).

In value terms, the largest welded and cold-formed steel sections suppliers to South Africa were the Netherlands ($X), Brazil ($X) and Finland ($X), together accounting for 76% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +322.1%, 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 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, waning by -34.7% against the previous year. Overall, the import price showed a slight slump. The pace of growth was the most pronounced in 2014 an increase of 188% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Finland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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