South Africa Copper Scrap Market Size & Outlook, 2023-2033
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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 196.0 million by 2033.
- The South Africa market is expected to grow at a CAGR of 5.1% from 2024 to 2033.
- In terms of segment, new scrap was the largest revenue generating feed material in 2023.
- Old Scrap is the most lucrative feed material 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 2033 | USD 196.0 million |
| Growth rate | 5.1% (CAGR from 2024 to 2033) |
| Largest segment | New scrap |
| Fastest growing segment | Old Scrap |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Old Scrap, New Scrap |
| 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 2033.
- In Middle East & Africa, South Africa copper scrap market is projected to lead the regional market in terms of revenue in 2033.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 196.0 million by 2033.
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Copper Scrap Market Scope
Copper Scrap Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jain Metal Group | View profile | 1001-5000 | Chennai, Tamil Nadu, India, Asia | https://jainmetalgroup.com |
| Ames Copper Group | View profile | 51-100 | Shelby, North Carolina, United States, North America | https://www.amescoppergroup.com |
| Aurubis AG | View profile | 7305 | Hovestrasse 50, Hamburg, BY, Germany, 20539 | https://www.aurubis.com |
| Glencore PLC | View profile | 83426 | Baarermattstrasse 3, Baar, Switzerland, CH-6340 | https://www.glencore.com |
| OmniSource Corporation | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://www.omnisource.com/ |
| Commercial Metals Co | View profile | 13022 | 6565 North MacArthur Boulevard, Irving, TX, United States, 75039 | https://www.cmc.com |
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.
New scrap was the largest segment with a revenue share of 86.72% in 2023. Horizon Databook has segmented the South Africa copper scrap market based on old scrap, new scrap covering the revenue growth of each sub-segment from 2021 to 2033.
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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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa Feed Material - Copper Scrap Market size, 2023 - 2033 (US$M)
South Africa Copper Scrap Market Outlook Share, 2023 & 2033 (US$M)
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