South Africa: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in South Africa

In 2022, the South African concrete-mixer lorry market increased by 2,546% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Concrete-Mixer Lorry Production in South Africa

In value terms, concrete-mixer lorry production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 24% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports from South Africa

In 2022, overseas shipments of concrete-mixer lorries were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a noticeable decrease. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 103%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X units), the Netherlands (X units) and Democratic Republic of the Congo (X units) were the main destinations of concrete-mixer lorry exports from South Africa, with a combined 75% share of total exports. Moreover, concrete-mixer lorry exports in Zimbabwe exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +38.0%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Democratic Republic of the Congo ($X) and the Netherlands ($X) were the largest markets for concrete-mixer lorry exported from South Africa worldwide, with a combined 86% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +105.8%, recorded 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

In 2022, the average concrete-mixer lorry export price amounted to $X per unit, dropping by -3.3% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete-mixer lorry export price increased by +67.4% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Botswana ($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 the Netherlands (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into South Africa

For the third consecutive year, South Africa recorded growth in purchases abroad of concrete-mixer lorries, which increased by 3,377% to X units in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, concrete-mixer lorry imports surged to $X in 2022. In general, imports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 221%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Swaziland (X units) was the main supplier of concrete-mixer lorry to South Africa, accounting for a 96% share of total imports. It was followed by China (X units), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Swaziland was relatively modest.

In value terms, China ($X) constituted the largest supplier of concrete-mixer lorries to South Africa, comprising 63% of total imports. The second position in the ranking was taken by Swaziland ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.9%.

Import Prices by Country

In 2022, the average concrete-mixer lorry import price amounted to $X per unit, with a decrease of -95.3% against the previous year. Over the period under review, the import price faced a dramatic contraction. The most prominent rate of growth was recorded in 2016 an increase of 127% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Swaziland stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%).

Source: IndexBox Platform

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