South Africa: Electric Soldering Iron Market 2025

Electric Soldering Iron Market Size in South Africa

The South African electric soldering iron market fell dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electric Soldering Iron Production in South Africa

In value terms, electric soldering iron production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume decreased by X% against the previous year. Electric soldering iron production peaked in 2022 and is likely to see gradual growth in the near future.

Electric Soldering Iron Exports

Exports from South Africa

In 2022, electric soldering iron exports from South Africa soared to X units, with an increase of X% against 2021 figures. Over the period under review, exports, however, recorded a pronounced slump. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, electric soldering iron exports soared to $X in 2022. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X units) was the main destination for electric soldering iron exports from South Africa, with a X% share of total exports. Moreover, electric soldering iron exports to Zimbabwe exceeded the volume sent to the second major destination, Namibia (X units), threefold. Botswana (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Botswana (X% per year).

In value terms, Zimbabwe ($X) remains the key foreign market for electric soldering irons and guns exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Namibia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Zambia ($X per unit), while the average price for exports to Lesotho ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into South Africa

After two years of growth, supplies from abroad of electric soldering irons and guns decreased by X% to X units in 2022. Overall, imports recorded a perceptible slump. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, electric soldering iron imports dropped dramatically to $X in 2022. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric soldering iron supplier to South Africa, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Mexico (X% per year).

In value terms, China ($X) constituted the largest supplier of electric soldering irons and guns to South Africa, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average electric soldering iron import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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