SADC: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in SADC

The SADC market for fully or partly automatic electric machines for arc welding of metals surged to $X in 2022, with an increase of 2,045% against the previous year. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in SADC

In value terms, production of fully or partly automatic electric machines for arc welding of metals reached $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 58%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in SADC

In 2022, approx. X units of fully or partly automatic electric machines for arc welding of metals were exported in SADC; dropping by -39.7% on 2021. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2021, and then declined sharply in the following year.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals declined rapidly to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 287%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

South Africa represented the main exporting country with an export of around X units, which amounted to 82% of total exports. It was distantly followed by Angola (X units), comprising a 17% share of total exports.

Exports from South Africa increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, Angola (+42.0%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in SADC, with a CAGR of +42.0% from 2012-2022. While the share of Angola (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-14.3 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest fully or partly automatic arc welding machine supplier in SADC, comprising 93% of total exports. The second position in the ranking was held by Angola ($X), with a 6.7% share of total exports.

In South Africa, exports of fully or partly automatic electric machines for arc welding of metals expanded at an average annual rate of +19.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, picking up by 22% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 459% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Angola totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.5%).

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in SADC

Imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to X units in 2022, increasing by 557% against 2021 figures. In general, imports posted a remarkable increase. Over the period under review, imports of reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in metals structure, finishing at X units, which was approx. 93% of total imports in 2022. The following importers - Zimbabwe (X units) and Tanzania (X units) - each reached a 3.3% share of total imports.

Imports into South Africa increased at an average annual rate of +10.6% from 2012 to 2022. At the same time, Tanzania (+26.9%) and Zimbabwe (+7.4%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of +26.9% from 2012-2022. South Africa (+11 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals in SADC, comprising 98% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a 0.5% share of total imports.

In South Africa, imports of fully or partly automatic electric machines for arc welding of metals increased at an average annual rate of +31.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+10.8% per year) and Tanzania (+11.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, increasing by 60% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 South Africa (+18.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform