FerroAlloys Market Overview in South Africa
In value terms, ferroalloys production contracted remarkably to $ in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018, and then declined notably in the following year.
The size of the ferroalloys market in South Africa contracted notably to $ in 2019, shrinking by -% 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, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2018, and then contracted dramatically in the following year.