South Africa: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in South Africa

The South African concrete reinforcing wire rod market soared to $X in 2021, with an increase of X% against the previous year. In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Wire Rod Used For Concrete Reinforcing in South Africa

In value terms, concrete reinforcing wire rod production contracted modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from South Africa

In 2021, overseas shipments of wire rod used for concrete reinforcing decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, concrete reinforcing wire rod exports declined notably to $X in 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X tons), the United States (X tons) and Kenya (X tons) were the main destinations of concrete reinforcing wire rod exports from South Africa, together comprising X% of total exports. These countries were followed by Tanzania, Congo, Botswana, Cote d'Ivoire, Togo and Zambia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, the United States ($X), Uganda ($X) and Tanzania ($X) appeared to be the largest markets for concrete reinforcing wire rod exported from South Africa worldwide, together comprising X% of total exports. Kenya, Botswana, Zambia, Congo, Cote d'Ivoire and Togo lagged somewhat behind, together comprising a further X the main countries of destination, Cote d'Ivoire, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Congo ($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 Tanzania (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Rod Used For Concrete Reinforcing

Imports into South Africa

In 2021, overseas purchases of wire rod used for concrete reinforcing increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, concrete reinforcing wire rod imports soared to $X in 2021. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main concrete reinforcing wire rod supplier to South Africa, with a X% share of total imports. Moreover, concrete reinforcing wire rod imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Belgium (+X% per year).

In value terms, China ($X), Germany ($X) and Belgium ($X) were the largest concrete reinforcing wire rod suppliers to South Africa, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of +X%, 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

In 2021, the average concrete reinforcing wire rod import price amounted to $X per ton, growing by X% against the previous year. In general, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform