SADC: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in SADC

The SADC polishes for coachwork market reduced to $X in 2022, dropping by -5.9% against the previous year. Overall, consumption recorded a noticeable shrinkage. 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.

Polishes For Coachwork Production in SADC

In value terms, polishes for coachwork production fell modestly to $X in 2022 estimated in export price. In general, production saw a perceptible decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by 9.8% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports in SADC

In 2022, shipments abroad of polishes for coachwork increased by 108% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a slight slump. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, polishes for coachwork exports surged to $X in 2022. In general, exports, however, continue to indicate a perceptible reduction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, recording X tons, which was near 96% of total exports in 2022. Swaziland (X tons) held a minor share of total exports.

Exports from South Africa decreased at an average annual rate of -1.8% from 2012 to 2022. At the same time, Swaziland (+90.0%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing exporter exported in SADC, with a CAGR of +90.0% from 2012-2022. While the share of Swaziland (+2.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest polishes for coachwork supplier in SADC, comprising 98% of total exports. The second position in the ranking was taken by Swaziland ($X), with a 0.5% share of total exports.

In South Africa, polishes for coachwork exports shrank by an average annual rate of -4.6% over the period from 2012-2022.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, waning by -19.7% against the previous year. Overall, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 15%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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 ton), while Swaziland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.8%).

Polishes For Coachwork Imports

Imports in SADC

In 2022, the amount of polishes for coachwork imported in SADC declined to X tons, reducing by -2.3% on 2021. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of 60% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, polishes for coachwork imports stood at $X in 2022. Over the period under review, imports showed a slight decrease. The growth pace was the most rapid in 2021 with an increase of 62%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the main importing country with an import of about X tons, which finished at 54% of total imports. Mauritius (X tons) ranks second in terms of the total imports with a 15% share, followed by Tanzania (8.7%) and Angola (6.3%). The following importers - Namibia (X tons), Lesotho (X tons) and Swaziland (X tons) - together made up 8% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polishes for coachwork imports into South Africa stood at +2.6%. At the same time, Namibia (+5.1%) and Mauritius (+4.9%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in SADC, with a CAGR of +5.1% from 2012-2022. Swaziland and Tanzania experienced a relatively flat trend pattern. By contrast, Lesotho (-7.5%) and Angola (-16.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Mauritius, Tanzania and Namibia increased by +24, +8.3, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported polishes for coachwork in SADC, comprising 70% of total imports. The second position in the ranking was held by Mauritius ($X), with an 11% share of total imports. It was followed by Angola, with a 4.4% share.

In South Africa, polishes for coachwork imports expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (+3.2% per year) and Angola (-14.4% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, surging by 6.5% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polishes for coachwork import price increased by +28.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform