South Africa Copper Scrap Market Size & Outlook, 2023-2030
South Africa copper scrap market, 2018-2030 (US$M)
Related Markets
South Africa copper scrap market highlights
- The South Africa copper scrap market generated a revenue of USD 119.0 million in 2023 and is expected to reach USD 159.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, brass mills was the largest revenue generating application in 2023.
- Ingot Makers is the most lucrative application segment registering the fastest growth during the forecast period.
Copper scrap market data book summary
| Market revenue in 2023 | USD 119.0 million |
| Market revenue in 2030 | USD 159.6 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Brass mills |
| Fastest growing segment | Ingot Makers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wire Rod Mills, Brass Mills, Ingot Makers, Foundries & Other Industries |
| Key market players worldwide | Aurubis AG, Commercial Metals Co, Glencore PLC, OmniSource Corporation, Ames Copper Group, Jain Metal Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.2% of the global copper scrap market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa copper scrap market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 159.6 million by 2030.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa copper scrap market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to copper scrap market will help companies and investors design strategic landscapes.
Brass mills was the largest segment with a revenue share of 62.61% in 2023. Horizon Databook has segmented the South Africa copper scrap market based on wire rod mills, brass mills, ingot makers, foundries & other industries covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is currently in the middle of an impending energy crisis primarily due to the lack of infrastructural investment. The theft and vandalism of copper cables and wires have accentuated the situation, which has adversely impacted the operations of T&D majors such as Eskom and Transnet, an infrastructural pipeline company.
According to Transnet’s reports, a 30% y-o-y reduction in copper cable theft was witnessed in 2022, losing about 742 km of cables worth ZAR700 million (~ USD 38.2 million) on the coal corridor. Other companies faced similar losses.
To combat this menace, the government is currently seeking to address this issue by increasing investment in renewable energy and clean fuel. Safeguarding the existing and upcoming infrastructure is expected to remain a priority.
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Our clientele includes a mix of copper scrap market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa copper scrap market , including forecasts for subscribers. This country databook contains high-level insights into South Africa copper scrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa copper scrap market size, by application, 2018-2030 (US$M)
South Africa Copper Scrap Market Outlook Share, 2023 & 2030 (US$M)
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