South Africa: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in South Africa

The South African machinery electrical parts market reduced slightly to $X in 2022, waning by -2.1% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value 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, consumption increased by +2.3% against 2020 indices. Machinery electrical parts consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Machinery Electrical Parts Production in South Africa

In value terms, machinery electrical parts production shrank modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value 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, production increased by +4.3% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 32% against the previous year. Machinery electrical parts production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports from South Africa

After two years of growth, overseas shipments of electrical parts of machinery or apparatus decreased by -35.7% to X tons in 2022. Overall, exports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 403% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, machinery electrical parts exports dropped notably to $X in 2022. Over the period under review, exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of 314% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for machinery electrical parts exports from South Africa, accounting for a 96% share of total exports. It was followed by Botswana (X tons), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +2.5%.

In value terms, Sweden ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from South Africa, comprising 72% of total exports. The second position in the ranking was held by Botswana ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to -1.4%.

Export Prices by Country

The average machinery electrical parts export price stood at $X per ton in 2022, dropping by -3.4% against the previous year. Overall, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+43.0%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery Electrical Parts Imports

Imports into South Africa

Machinery electrical parts imports into South Africa dropped significantly to X tons in 2022, shrinking by -18.6% compared with 2021. Over the period under review, imports showed a slight reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 509%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machinery electrical parts imports fell to $X in 2022. In general, imports showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of machinery electrical parts imports to South Africa, together accounting for 48% of total imports. Thailand, France, the United States, Germany, the United Arab Emirates, South Korea, the Czech Republic, Hong Kong SAR and Botswana lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +64.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest machinery electrical parts suppliers to South Africa, with a combined 52% share of total imports. Germany, the United Arab Emirates, the United States, France, Thailand, South Korea, the Czech Republic, Hong Kong SAR and Botswana lagged somewhat behind, together comprising a further 26%.

France, with a CAGR of +60.3%, saw the highest growth rate of 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

The average machinery electrical parts import price stood at $X per ton in 2022, rising by 4.7% against the previous year. In general, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2019 an increase of 867%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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