SADC: Ferro-Silicon Market 2024

Ferro-Silicon Market Size in SADC

In 2023, the SADC ferro-silicon market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Ferro-Silicon Production in SADC

In value terms, ferro-silicon production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Ferro-Silicon Exports

Exports in SADC

In 2023, after two years of growth, there was decline in overseas shipments of ferro-silicon, when their volume decreased by X% to X tons. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, ferro-silicon exports fell to $X in 2023. Total exports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then fell in the following year.

Exports by Country

South Africa was the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Zambia (X tons), achieving a X% share of total exports. Namibia (X tons) and Zimbabwe (X tons) took a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Zimbabwe (X%), Namibia (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zambia (X p.p.), Namibia (X p.p.) and Zimbabwe (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest ferro-silicon supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

In South Africa, ferro-silicon exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced a decline in the export price figures.

Ferro-Silicon Imports

Imports in SADC

In 2023, overseas purchases of ferro-silicon increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, ferro-silicon imports shrank to $X in 2023. Over the period under review, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of ferro-silicon, namely Botswana, Zimbabwe, South Africa and Namibia, represented more than two-thirds of total import. Angola (X tons) held the next position in the ranking, followed by Democratic Republic of the Congo (X tons). All these countries together held near X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Namibia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-silicon importing markets in SADC were South Africa ($X), Zimbabwe ($X) and Botswana ($X), together accounting for X% of total imports. Namibia, Angola and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

Namibia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform