South Africa: Shaft Coupling Market 2024

Shaft Coupling Market Size in South Africa

The South African shaft coupling market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption saw a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. Shaft coupling consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Production in South Africa

In value terms, shaft coupling production declined to $X in 2022 estimated in export price. Overall, production showed a mild setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4.9% against the previous year. Shaft coupling production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports from South Africa

For the third year in a row, South Africa recorded growth in shipments abroad of clutches and shaft couplings, which increased by 9.8% to X tons in 2022. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 64%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, shaft coupling exports skyrocketed to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.9% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for shaft coupling exports from South Africa, with a 21% share of total exports. Moreover, shaft coupling exports to Zimbabwe exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Zambia (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe totaled +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+14.5% per year) and Zambia (+6.9% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for clutches and shaft couplings exports from South Africa, comprising 21% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 10% share of total exports. It was followed by Zambia, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+14.7% per year) and Zambia (+6.6% per year).

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, growing by 5.1% against the previous year. In general, the export price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2016 an increase of 8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Madagascar ($X per ton) and Botswana ($X per ton), while the average price for exports to India ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into South Africa

In 2022, overseas purchases of clutches and shaft couplings increased by 23% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +1.4% 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 2017 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of shaft coupling imports to South Africa, together accounting for 65% of total imports. Italy, India, Japan, Turkey, the UK, France and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +36.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest shaft coupling suppliers to South Africa, with a combined 65% share of total imports. Italy, India, Japan, Turkey, the UK, France and South Korea lagged somewhat behind, together comprising a further 25%.

Turkey, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average shaft coupling import price amounted to $X per ton, declining by -8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 6.5%. The import price peaked at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for France ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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