focus feature
Apparent Consumption
Exports
It is interesting to note that although local production is declining due to exports, the local consumption of stainless steel materials has shown a good recovery. The higher local demand, especially during the latter part of 2024, was met by increased imports. Sassda is excited about the prospect of increased local consumption, as the association’s mandate is to promote and grow local stainless steel conversion. While the full picture for 2024 is showing an increase of nearly 28%, Sassda is confident that 2025 will also be a year of positive growth after the 16% decline in local consumption from 2022 to 2023. It is expected that growth in local consumption will significantly outpace national GDP growth for South Africa in 2025 as it did during 2024.
The 2018 figure represents a very low baseline for the graph, reflecting the state of the industry after the so-called “nine wasted years” on the political front, which impacted the economy. This downward trend continued into 2019, with the effects of the pandemic and electricity supply shortages evident in the figures up to 2023. The upward swing in 2021 can be attributed to the industry restocking after COVID-19. The subsequent growth in 2022 was welcomed, as it was triple that of South Africa’s GDP growth. However, the industry was disappointed to see yet another decline of 16% in 2023. In 2024, the tables finally turned, with strong growth to 137 610 tons, exceeding the 2019 figure of 131 870 tons. There is good reason to believe that this growth will continue, albeit at a potentially lower rate.
Drive your business forward at the Western Cape Golf Day Opportunities are forged on the fairway! Don’t miss your chance to connect with key industry players at the Sassda/SAIW Western Cape Golf Day on 10 April at the Kuils River Golf Club. This exclusive event offers more than just a round of golf; it’s a platform to build strategic relationships, exchange ideas and strengthen your industry network in a relaxed yet professional setting. Whether you’re a seasoned player or a casual golfer, this is your chance to engage with like-minded professionals and expand your circle of influence. Secure your place today - because in business, success is all about the connections you make!
For more information contact Kim Stevens or call 082 855-4070
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Issue 1 – 2025
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