South Africa - Ferro-Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRecord-breaking $4.6B in Exports for South Africa's Ferro-alloys Industry in 2023
South Africa Ferro-Alloys Exports
In 2023, the amount of ferro-alloys exported from South Africa expanded rapidly to 4.3M tons, surging by 15% on the year before. The total export volume increased at an average annual rate of +1.6% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 24%. Over the period under review, the exports reached the peak figure at 4.5M tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.
In value terms, ferro-alloys exports reached $4.6B (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +2.4% from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 55%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Export Value of Ferro-Alloys in South Africa (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 1,072 | 1,133 | 1,324 | 1,242 | 853 | 753 | 917 | 942 | 1,055 | 1,306 | 1,625 |
| Mozambique | 5.1 | 138 | 64.5 | 157 | 139 | 109 | 118 | 106 | 244 | 1,013 | 1,053 |
| Belgium | 116 | 167 | 150 | 168 | 134 | 153 | 140 | 97.2 | 230 | 42.6 | 297 |
| Indonesia | 3.7 | 3.6 | 1.1 | 10.4 | 71.1 | 435 | 314 | 265 | 501 | 344 | 276 |
| United States | 526 | 687 | 365 | 374 | 508 | 410 | 338 | 227 | 370 | 446 | 246 |
| Japan | 336 | 374 | 287 | 256 | 243 | 321 | 227 | 136 | 202 | 158 | 190 |
| United Arab Emirates | 10.4 | 26.1 | 14.7 | 136 | 413 | 429 | 374 | 364 | 634 | 167 | 148 |
| South Korea | 254 | 254 | 303 | 300 | 314 | 218 | 197 | 129 | 281 | 133 | 82.2 |
| Others | 1,349 | 1,436 | 1,038 | 887 | 1,062 | 940 | 629 | 446 | 681 | 641 | 720 |
| Total | 3,672 | 4,219 | 3,547 | 3,531 | 3,737 | 3,768 | 3,255 | 2,711 | 4,198 | 4,252 | 4,638 |
Exports by Country
China (1.7M tons), Mozambique (1M tons) and Belgium (252K tons) were the main destinations of ferro-alloys exports from South Africa, together comprising 68% of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +69.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for ferro-alloys exported from South Africa were China ($1.6B), Mozambique ($1.1B) and Belgium ($297M), with a combined 64% share of total exports.
In terms of the main countries of destination, Mozambique, with a CAGR of +70.4%, 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.
Exports by Type
Ferro-chromium (4M tons) was the largest type of ferro-alloys exported from South Africa, accounting for a 95% share of total exports. It was followed by ferro-silico-manganese (87K tons), with a 2% share of total exports. The third position in this ranking was held by ferro-manganese (77K tons), with a 1.8% share.
From 2013 to 2023, the average annual growth rate of the volume of ferro-chromium exports amounted to +3.2%. With regard to the other exported products, the following average annual rates of growth were recorded: ferro-silico-manganese (+10.5% per year) and ferro-manganese (-19.1% per year).
In value terms, ferro-chromium ($4.2B) remains the largest type of ferro-alloys exported from South Africa, comprising 91% of total exports. The second position in the ranking was taken by miscellaneous ferro-alloys ($132M), with a 2.8% share of total exports. It was followed by ferro-manganese, with a 2.3% share.
From 2013 to 2023, the average annual growth rate of the value of ferro-chromium exports stood at +4.3%. With regard to the other exported products, the following average annual rates of growth were recorded: miscellaneous ferro-alloys (-3.1% per year) and ferro-manganese (-16.1% per year).
Export Prices by Country
In 2023, the ferro-alloys price amounted to $1,084 per ton (FOB, South Africa), waning by -5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $1,142 per ton in 2022, and then contracted in the following year.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($2,499 per ton), while the average price for exports to the United Arab Emirates ($972 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the ferro-alloys market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
