South Africa: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in South Africa

The South African market for vacuum pumps and air or gas compressors fell slightly to $X in 2022, dropping by -2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a slight reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from South Africa

In 2022, exports of vacuum pumps and air or gas compressors from South Africa declined to X units, dropping by -3.7% compared with 2021 figures. Overall, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors shrank to $X in 2022. In general, exports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X units), Botswana (X units) and Swaziland (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from South Africa, with a combined 40% share of total exports. Zambia, Zimbabwe, Malaysia, Mozambique, Madagascar, Lesotho, Angola, Saint Helena, Ascension and Tristan da Cunha and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +35.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Namibia ($X) and Botswana ($X) appeared to be the largest markets for vacuum pump and air or gas compressor exported from South Africa worldwide, with a combined 38% share of total exports. Zambia, Democratic Republic of the Congo, Mozambique, Angola, Swaziland, Lesotho, Saint Helena, Ascension and Tristan da Cunha, Madagascar and Malaysia lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, Saint Helena, Ascension and Tristan da Cunha, with a CAGR of +19.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, falling by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into South Africa

In 2022, purchases abroad of vacuum pumps and air or gas compressors decreased by -2.7% to X units for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 13% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, imports of vacuum pumps and air or gas compressors declined to $X in 2022. In general, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump and air or gas compressor supplier to South Africa, accounting for a 79% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.7% per year) and the United States (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to South Africa, comprising 37% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by India, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and India (+6.9% per year).

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, standing approx. at the previous year. In general, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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