South Africa: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in South Africa

The South African wood flat pallet market stood at $X in 2021, growing by 1.8% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood flat pallet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Flat Pallet Production in South Africa

In value terms, wood flat pallet production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

Wood Flat Pallet Exports

Exports from South Africa

In 2021, the amount of flat pallets and pallet collars of wood exported from South Africa shrank markedly to X units, falling by -17.4% compared with the previous year's figure. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 104% against the previous year. As a result, the exports reached the peak of X units, and then fell remarkably in the following year.

In value terms, wood flat pallet exports skyrocketed to $X in 2021. In general, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X units), Namibia (X units) and Botswana (X units) were the main destinations of wood flat pallet exports from South Africa, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +25.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Botswana ($X) and Namibia ($X) appeared to be the largest markets for wood flat pallet exported from South Africa worldwide, together accounting for 53% of total exports.

Mozambique, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood flat pallet export price stood at $X per unit in 2021, rising by 65% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($X per unit), while the average price for exports to Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+0.4%), while the prices for the other major destinations experienced a decline.

Wood Flat Pallet Imports

Imports into South Africa

Wood flat pallet imports into South Africa skyrocketed to X units in 2021, increasing by 23% compared with the previous year. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wood flat pallet imports contracted markedly to $X in 2021. Overall, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 73%. Over the period under review, imports reached the maximum at $X in 2020, and then dropped dramatically in the following year.

Imports by Country

In 2021, Swaziland (X units) constituted the largest supplier of wood flat pallet to South Africa, with a 27% share of total imports. Moreover, wood flat pallet imports from Swaziland exceeded the figures recorded by the second-largest supplier, Botswana (X units), twofold. The third position in this ranking was held by Namibia (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Swaziland totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Botswana (-7.6% per year) and Namibia (-18.6% per year).

In value terms, Swaziland ($X), Botswana ($X) and Namibia ($X) constituted the largest wood flat pallet suppliers to South Africa, together comprising 27% of total imports. These countries were followed by Portugal, China, the United States, Mozambique, Lesotho, Mexico and Zimbabwe, which together accounted for a further 3.1%.

Among the main suppliers, Portugal, with a CAGR of +57.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood flat pallet import price stood at $X per unit in 2021, shrinking by -42.9% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2020 when the average import price increased by 40%. As a result, import price attained the peak level of $X per unit, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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