South Africa: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in South Africa

In 2021, the South African conveyor or transmission belt market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Conveyor Or Transmission Belts Or Belting in South Africa

In value terms, conveyor or transmission belt production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of 80% against the previous year. Conveyor or transmission belt production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from South Africa

In 2021, shipments abroad of conveyor or transmission belts or belting decreased by -11.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 30%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports rose notably to $X in 2021. Overall, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons), Botswana (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of conveyor or transmission belt exports from South Africa, together accounting for 41% of total exports. Zimbabwe, Namibia, Nigeria, Mozambique, Saudi Arabia, Ghana, Australia, the United States, Lesotho and Israel lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +74.5%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Botswana ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for conveyor or transmission belt exported from South Africa worldwide, with a combined 44% share of total exports. These countries were followed by Zimbabwe, Namibia, Mozambique, Nigeria, Australia, Saudi Arabia, Lesotho, Israel, Ghana and the United States, which together accounted for a further 39%.

In terms of the main countries of destination, Israel, with a CAGR of +77.5%, 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

In 2021, the average conveyor or transmission belt export price amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into South Africa

In 2021, the amount of conveyor or transmission belts or belting imported into South Africa surged to X tons, picking up by 23% compared with 2020 figures. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 41%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, conveyor or transmission belt imports soared to $X in 2021. Overall, imports, however, saw a mild decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest conveyor or transmission belt supplier to South Africa, accounting for a 83% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.7% per year) and Germany (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of conveyor or transmission belts or belting to South Africa, comprising 53% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.5% share of total imports. It was followed by India, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.0% per year) and India (-5.1% per year).

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2017 an increase of 4.9% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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