SADC: Market for Drive-Axles with Differential and Non-Driving Axles 2025

Market Size for Drive-Axles with Differential and Non-Driving Axles in SADC

The SADC driving and non-driving axle market expanded remarkably to $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in SADC

In value terms, driving and non-driving axle production totaled $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 44%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in SADC

In 2021, overseas shipments of drive-axles with differential and non-driving axles increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, driving and non-driving axle exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) represented roughly 98% of total exports in 2021.

South Africa was also the fastest-growing in terms of the drive-axles with differential and non-driving axles exports, with a CAGR of -11.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest driving and non-driving axle supplier in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to -7.0%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, increasing by 25% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, driving and non-driving axle export price decreased by -9.7% against 2019 indices. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +5.0% per year.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in SADC

In 2021, imports of drive-axles with differential and non-driving axles in SADC surged to X tons, jumping by 27% against the previous year's figure. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.1% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, driving and non-driving axle imports soared to $X in 2021. In general, imports saw a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 56%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Africa prevails in imports structure, resulting at X tons, which was near 82% of total imports in 2021. It was distantly followed by Tanzania (X tons), committing a 4.8% share of total imports. Angola (X tons), Namibia (X tons) and Zambia (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the drive-axles with differential and non-driving axles imports, with a CAGR of +6.0% from 2012 to 2021. At the same time, Namibia (+5.9%) and Zambia (+3.6%) displayed positive paces of growth. By contrast, Tanzania (-1.6%) and Angola (-4.9%) illustrated a downward trend over the same period. South Africa (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while Angola and Tanzania saw its share reduced by -3.7% and -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in SADC, comprising 86% of total imports. The second position in the ranking was taken by Zambia ($X), with a 4% share of total imports. It was followed by Namibia, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled +6.7%. In the other countries, the average annual rates were as follows: Zambia (+5.1% per year) and Namibia (+3.2% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 20%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Zambia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform