SADC: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in SADC

The SADC geometrical quantities electronic measurer market surged to $X in 2022, rising by 19% against the previous year. Over the period under review, consumption, however, saw buoyant growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in SADC

In value terms, geometrical quantities electronic measurer production contracted dramatically to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 879% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in SADC

In 2022, overseas shipments of electronic instruments and machines for measuring geometrical quantities decreased by -22.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 262%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, geometrical quantities electronic measurer exports contracted dramatically to $X in 2022. Overall, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa was the main exporting country with an export of around X units, which finished at 45% of total exports. Angola (X units) took the second position in the ranking, distantly followed by Botswana (X units), Zambia (X units) and Tanzania (X units). All these countries together held approx. 43% share of total exports. The following exporters - Namibia (X units) and Mauritius (X units) - each reached a 6.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to geometrical quantities electronic measurer exports from South Africa stood at -12.5%. At the same time, Zambia (+20.5%), Botswana (+14.9%), Angola (+13.6%), Mauritius (+11.7%) and Namibia (+1.9%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +20.5% from 2012-2022. By contrast, Tanzania (-6.4%) illustrated a downward trend over the same period. Angola (+19 p.p.), Botswana (+8.2 p.p.), Zambia (+6.1 p.p.), Mauritius (+2.6 p.p.) and Namibia (+2 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -34.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest geometrical quantities electronic measurer supplier in SADC, comprising 95% of total exports. The second position in the ranking was taken by Angola ($X), with a 1.7% share of total exports. It was followed by Zambia, with a 0.6% share.

In South Africa, geometrical quantities electronic measurer exports shrank by an average annual rate of -1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Angola (+9.8% per year) and Zambia (+9.2% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, with an increase of 6.6% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 158%. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+12.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in SADC

In 2022, approx. X units of electronic instruments and machines for measuring geometrical quantities were imported in SADC; falling by -3.9% on the previous year's figure. In general, imports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2018 when imports increased by 92% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports expanded to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) was the major importer of electronic instruments and machines for measuring geometrical quantities, mixing up 33% of total imports. It was distantly followed by Tanzania (X units), Angola (X units), Zimbabwe (X units), Zambia (X units), Mozambique (X units) and Democratic Republic of the Congo (X units), together generating a 54% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to geometrical quantities electronic measurer imports into South Africa stood at -1.3%. At the same time, Mozambique (+19.3%), Zimbabwe (+14.7%), Tanzania (+10.8%), Democratic Republic of the Congo (+6.6%), Angola (+4.0%) and Zambia (+2.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +19.3% from 2012-2022. From 2012 to 2022, the share of Tanzania, Zimbabwe and Mozambique increased by +7.5, +4.5 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in SADC, comprising 68% of total imports. The second position in the ranking was taken by Angola ($X), with a 5.3% share of total imports. It was followed by Mozambique, with a 4.4% share.

In South Africa, geometrical quantities electronic measurer imports contracted by an average annual rate of -1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-2.8% per year) and Mozambique (+20.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with an increase of 6.6% against the previous year. In general, the import price, however, showed a pronounced descent. The growth pace was the most rapid in 2019 an increase of 75% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 South Africa ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform