SADC: Isolating Switch Market 2024

Isolating Switch Market Size in SADC

In 2022, the SADC isolating switch market decreased by -3.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption enjoyed strong growth. The level of consumption peaked at $X in 2021, and then fell in the following year.

Isolating Switch Production in SADC

In value terms, isolating switch production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 70% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Isolating Switch Exports

Exports in SADC

After two years of growth, shipments abroad of isolating switches & make-and-break switches decreased by -21.1% to X units in 2022. Overall, exports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 87% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then declined sharply in the following year.

In value terms, isolating switch exports reduced rapidly to $X in 2022. Over the period under review, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the two major exporters of isolating switches & make-and-break switches, namely Lesotho and South Africa, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lesotho (with a CAGR of +17.8%).

In value terms, Lesotho ($X) and South Africa ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Lesotho, with a CAGR of -0.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, declining by -3.9% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2017 when the export price increased by 39%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Lesotho amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.4%).

Isolating Switch Imports

Imports in SADC

After two years of growth, purchases abroad of isolating switches & make-and-break switches decreased by -5.7% to X units in 2022. In general, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, isolating switch imports declined to $X in 2022. Overall, imports showed a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the largest importer of isolating switches & make-and-break switches in SADC, with the volume of imports finishing at X units, which was near 59% of total imports in 2022. Lesotho (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (5.7%). Angola (X units), Zambia (X units) and Democratic Republic of the Congo (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to isolating switch imports into South Africa stood at -2.6%. At the same time, Lesotho (+11.0%) and Democratic Republic of the Congo (+5.4%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +11.0% from 2012-2022. Tanzania experienced a relatively flat trend pattern. By contrast, Zambia (-5.1%) and Angola (-7.5%) illustrated a downward trend over the same period. While the share of Lesotho (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Zambia (-1.6 p.p.), Angola (-4.2 p.p.) and South Africa (-10.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported isolating switches & make-and-break switches in SADC, comprising 53% of total imports. The second position in the ranking was taken by Lesotho ($X), with a 12% share of total imports. It was followed by Tanzania, with an 11% share.

In South Africa, isolating switch imports shrank by an average annual rate of -4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lesotho (-3.2% per year) and Tanzania (-0.6% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, picking up by 3.3% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2016 an increase of 16%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while Lesotho ($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 (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform