South Africa: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in South Africa

The South African construction equipment blade market skyrocketed to $X in 2022, rising by 51% 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). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Exports

Exports from South Africa

In 2022, approx. X units of blades for construction equipment were exported from South Africa; waning by -24% on 2021 figures. In general, exports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports declined rapidly to $X in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 119%. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Zimbabwe (X units), Botswana (X units) and Namibia (X units) were the main destinations of construction equipment blade exports from South Africa, with a combined 48% share of total exports. Democratic Republic of the Congo, Mozambique, the United States, Swaziland, Australia, Lesotho and Zambia lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +75.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), the United States ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for construction equipment blade exported from South Africa worldwide, with a combined 44% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +83.8%, saw the highest rates of growth with regard to 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 construction equipment blade export price stood at $X per unit in 2022, falling by -42.6% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2017 when the average export price increased by 40%. The export price peaked at $X per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Australia ($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 Zambia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into South Africa

In 2022, construction equipment blade imports into South Africa expanded to X units, with an increase of 3.4% against the previous year's figure. Over the period under review, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, construction equipment blade imports skyrocketed to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 48%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Zimbabwe (X units) constituted the largest construction equipment blade supplier to South Africa, accounting for a 52% share of total imports. Moreover, construction equipment blade imports from Zimbabwe exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The United States (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Zimbabwe totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.4% per year) and the United States (+20.3% per year).

In value terms, Zimbabwe ($X) constituted the largest supplier of blades for construction equipment to South Africa, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Zimbabwe amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.5% per year) and Japan (+43.7% per year).

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2015 an increase of 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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