South Africa - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAluminium Bar Price in South Africa - 2023
Contents:
- Aluminium Bar Price in South Africa (CIF) - 2023
- Aluminium Bar Price in South Africa (FOB) - 2022
- Aluminium Bar Imports in South Africa
- Aluminium Bar Exports in South Africa
Aluminium Bar Price in South Africa (CIF) - 2023
The average aluminium bar import price stood at $3,159 per ton in July 2023, rising by 8% against the previous month. Overall, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in September 2022 an increase of 18% m-o-m. The import price peaked at $4,297 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Mauritius ($3,725 per ton), while the price for China ($3,017 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (-0.3%), while the prices for the other major suppliers experienced a decline.
Aluminium Bar Price in South Africa (FOB) - 2022
In 2022, the average aluminium bar export price amounted to $4,106 per ton, remaining stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 55%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($10,259 per ton), while the average price for exports to Zimbabwe ($2,059 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 Botswana (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Aluminium Bar Imports in South Africa
In 2022, approx. 42K tons of aluminium bars, rods and profiles were imported into South Africa; which is down by -6.4% on 2021 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 30%. As a result, imports reached the peak of 44K tons, and then reduced in the following year.
In value terms, aluminium bar imports shrank modestly to $134M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $137M, and then fell in the following year.
| Import of Aluminium Bar in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.7 | 82.9 | 115 | 110 | 9.1% |
| Mauritius | 0.6 | 3.3 | 7.1 | 12.5 | 175.2% |
| India | 2.0 | 1.5 | 3.1 | 2.7 | 10.5% |
| Others | 9.8 | 6.8 | 12.1 | 9.0 | -2.8% |
| Total | 97.2 | 94.6 | 137 | 134 | 11.3% |
Top Suppliers of Aluminium Bar to South Africa in 2022:
- China (36.5K tons)
- Mauritius (3.1K tons)
- India (0.6K tons)
Aluminium Bar Exports in South Africa
Aluminium bar exports from South Africa soared to 2.4K tons in 2022, jumping by 20% against 2021 figures. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, aluminium bar exports surged to $9.8M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Aluminium Bar in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 987 | 1,348 | 1,503 | 1,941 | 25.3% |
| Zambia | 1,862 | 1,578 | 1,472 | 1,516 | -6.6% |
| Swaziland | 1,377 | 1,308 | 1,260 | 1,402 | 0.6% |
| Lesotho | 268 | 114 | 354 | 1,267 | 67.8% |
| Botswana | 840 | 1,001 | 675 | 818 | -0.9% |
| Namibia | 484 | 419 | 311 | 609 | 8.0% |
| Mozambique | 360 | 148 | 308 | 372 | 1.1% |
| Malawi | 476 | 595 | 609 | 318 | -12.6% |
| Others | 833 | 1,068 | 1,668 | 1,595 | 24.2% |
| Total | 7,488 | 7,578 | 8,160 | 9,837 | 9.5% |
Top Export Markets for Aluminium Bar from South Africa in 2022:
- Zimbabwe (942.5 tons)
- Lesotho (371.4 tons)
- Swaziland (304.4 tons)
- Namibia (170.3 tons)
- Zambia (147.8 tons)
- Botswana (141.4 tons)
- Mozambique (66.1 tons)
- Malawi (57.7 tons)
This report provides an in-depth analysis of the aluminium bar 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:
- Prodcom 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
- Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)
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
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This report provides an in-depth analysis of the aluminium bar market in South Africa.
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This report provides an in-depth analysis of the global non-alloy aluminium bar market.
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This report provides an in-depth analysis of the aluminium alloy bar market in South Africa.
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This report provides an in-depth analysis of the aluminium bar market in South Africa.
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This report provides an in-depth analysis of the non-alloy aluminium bar market in South Africa.
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Global Aluminium Alloy Bar Market Report 2018. This report provides an in-depth analysis of the global aluminium alloy bar market.
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This report provides an in-depth analysis of the global aluminium bar market.
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This report provides an in-depth analysis of the global non-alloy aluminium bar market.
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In February 2023, the aluminium bar price amounted to $2,976 per ton (CIF, South Africa), waning by -3.6% against the previous month.
71
Global demand for aluminium bars, rods, and profiles is on the rise, with the market expected to see continued growth in consumption over the next seven years. By 2030, the market volume is projected to reach 30 million tons, valued at $149.2 billion. The article analyzes the market performance, consumption trends, production rates, import and export volumes, and key players in the industry.
