Forecast: Ferroalloys Production in South Africa

South Africa's ferroalloy production has seen fluctuations over the past decade, with a notable drop in 2020 but steady recovery since. As of 2023, production stands at 4.832 million metric tons. Year-on-year growth in 2022 and 2023 was approximately 0.98% and 0.95% respectively. Over the past five years, the compound annual growth rate (CAGR) averaged at 1.01%.

Forecast data suggest a continued slow but steady growth, with a five-year CAGR predicted at 0.76%, leading to a production of 5.07 million metric tons by 2028. The overall forecasted growth rate for this period is approximately 3.85%.

Future trends to watch for include the impact of technological advancements in production processes, shifts in global demand for ferroalloys, and regulatory changes affecting the mining and manufacturing sectors in South Africa.

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