SADC: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in SADC

The SADC market for electrical lighting or visual signaling equipment for motor vehicles and cycles reduced slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in SADC

In value terms, lighting equipment for motor vehicles production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in SADC

Lighting equipment for motor vehicles exports dropped to X units in 2022, which is down by X% on the previous year's figure. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lighting equipment for motor vehicles exports reached $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Mauritius (X units), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles exports from South Africa stood at X%. At the same time, Mauritius (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. Mauritius (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest lighting equipment for motor vehicles supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in SADC

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported in SADC fell to X units, reducing by X% on the previous year's figure. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, lighting equipment for motor vehicles imports totaled $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the key importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Tanzania (X units) and Angola (X units), together committing a X% share of total imports. Mauritius (X units), Madagascar (X units) and Zimbabwe (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles imports into South Africa stood at X%. At the same time, Madagascar (X%), Tanzania (X%), Zimbabwe (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) and South Africa (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Angola (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform