SADC: Manostat Market 2024

Manostat Market Size in SADC

The SADC manostat market reached $X in 2022, increasing by 2.5% against the previous year. Overall, consumption, however, recorded a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Manostat Production in SADC

In value terms, manostat production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 when the production volume increased by 22%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Manostat Exports

Exports in SADC

Manostat exports soared to X units in 2022, rising by 153% against the previous year's figure. Over the period under review, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, manostat exports skyrocketed to $X in 2022. Overall, exports showed a prominent increase. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was near 94% of total exports in 2022. Madagascar (X units) held a little share of total exports.

Exports from South Africa increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, Madagascar (+23.1%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +23.1% from 2012-2022. From 2012 to 2022, the share of South Africa increased by +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest manostat supplier in SADC, comprising 95% of total exports. The second position in the ranking was held by Madagascar ($X), with a 0.7% share of total exports.

In South Africa, manostat exports increased at an average annual rate of +16.1% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2016 an increase of 190% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.0%).

Manostat Imports

Imports in SADC

In 2022, imports of manostats in SADC expanded slightly to X units, picking up by 2% compared with 2021 figures. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 69% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, manostat imports surged to $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 31%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa dominates imports structure, resulting at X units, which was approx. 85% of total imports in 2022. It was distantly followed by Angola (X units), constituting an 8.3% share of total imports. Zimbabwe (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to manostat imports into South Africa stood at +7.8%. At the same time, Zimbabwe (+22.2%) and Angola (+1.7%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +22.2% from 2012-2022. From 2012 to 2022, the share of South Africa and Zimbabwe increased by +5 and +1.6 percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported manostats in SADC, comprising 74% of total imports. The second position in the ranking was taken by Angola ($X), with a 12% share of total imports.

In South Africa, manostat imports expanded at an average annual rate of +3.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (+1.3% per year) and Zimbabwe (+5.1% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, rising by 17% against the previous year. In general, the import price, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2015 when the import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform