SADC: Shaft Coupling Market 2024

Shaft Coupling Market Size in SADC

In 2022, the SADC shaft coupling market increased by 2.3% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, showed a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of 5.6% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in SADC

In value terms, shaft coupling production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2019 when the production volume increased by 8%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Shaft Coupling Exports

Exports in SADC

In 2022, exports of clutches and shaft couplings in SADC amounted to X tons, increasing by 11% compared with the year before. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.2% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 60%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports surged to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. 89% of total exports in 2022. Botswana (X tons) and Namibia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to shaft coupling exports from South Africa stood at +6.8%. At the same time, Botswana (+9.3%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of +9.3% from 2012-2022. Namibia experienced a relatively flat trend pattern. South Africa (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by -1.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest shaft coupling supplier in SADC, comprising 95% of total exports. The second position in the ranking was held by Botswana ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Botswana (+5.5% per year) and Namibia (+8.0% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, growing by 4% against the previous year. Overall, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2018 an increase of 15%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+7.5%), while the other leaders experienced a decline in the export price figures.

Shaft Coupling Imports

Imports in SADC

In 2022, purchases abroad of clutches and shaft couplings increased by 13% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports rose notably to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

South Africa represented the major importer of clutches and shaft couplings in SADC, with the volume of imports amounting to X tons, which was near 50% of total imports in 2022. Tanzania (X tons) ranks second in terms of the total imports with a 12% share, followed by Zambia (6.9%), Zimbabwe (6.1%), Botswana (5%) and Democratic Republic of the Congo (4.8%). Angola (X tons), Namibia (X tons) and Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to shaft coupling imports into South Africa stood at +1.4%. At the same time, Madagascar (+21.4%), Democratic Republic of the Congo (+2.5%) and Zimbabwe (+1.7%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of +21.4% from 2012-2022. Tanzania and Zambia experienced a relatively flat trend pattern. By contrast, Namibia (-1.4%), Angola (-6.6%) and Botswana (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Madagascar increased by +4.5 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported clutches and shaft couplings in SADC, comprising 61% of total imports. The second position in the ranking was taken by Zambia ($X), with a 7.2% share of total imports. It was followed by Democratic Republic of the Congo, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +1.2%. In the other countries, the average annual rates were as follows: Zambia (+4.5% per year) and Democratic Republic of the Congo (+3.3% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with a decrease of -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform