Updated Nov 11, 2022 01:28

Mixtures Of Slag Market in South Africa

Market Overview
In , the South African mixtures of slag market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Mixtures of slag consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.

In value terms, mixtures of slag production soared to $ in estimated in export price. In general, production, however, recorded a abrupt descent. Mixtures of slag production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.


Consumption
Mixtures of slag consumption in South Africa shrank to tons in , declining by -% compared with . Overall, consumption continues to indicate a noticeable contraction. Mixtures of slag consumption peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.

The revenue of the mixtures of slag market in South Africa declined modestly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt descent. Mixtures of slag consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for mixtures of slag in South Africa, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of mixtures of slag in South Africa were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for mixtures of slag. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of South Africa imports of in the mixtures of slag market structure from less than % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
South Africa remains a net exporter of mixtures of slag; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.