South Africa: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in South Africa

The South African gas supply meter market reached $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.2% against 2019 indices. Gas supply meter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Gas Supply Meter Production in South Africa

In value terms, gas supply meter production totaled $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.8% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 28% against the previous year. Gas supply meter production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Gas Supply Meter Exports

Exports from South Africa

For the third year in a row, South Africa recorded decline in overseas shipments of gas supply or production meters, which decreased by -69% to X units in 2021. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 368% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, gas supply meter exports expanded significantly to $X in 2021. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 201%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X units), Zimbabwe (X units) and Zambia (X units) were the main destinations of gas supply meter exports from South Africa, with a combined 70% share of total exports. These countries were followed by Democratic Republic of the Congo, Mozambique, Guinea, Botswana and Ghana, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +20.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gas supply meter exported from South Africa were Namibia ($X), Democratic Republic of the Congo ($X) and Zambia ($X), with a combined 78% share of total exports. These countries were followed by Zimbabwe, Ghana, Guinea, Mozambique and Botswana, which together accounted for a further 19%.

Guinea, with a CAGR of +27.0%, recorded 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

In 2021, the average gas supply meter export price amounted to $X per unit, jumping by 240% against the previous year. In general, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Mozambique ($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 Guinea (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into South Africa

In 2021, approx. X units of gas supply or production meters were imported into South Africa; surging by 52% compared with the previous year's figure. In general, imports recorded a slight increase. The growth pace was the most rapid in 2014 with an increase of 103% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, gas supply meter imports surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible setback. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Poland (X units) and Italy (X units) were the main suppliers of gas supply meter imports to South Africa, together accounting for 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gas supply meter suppliers to South Africa were Germany ($X), the United States ($X) and China ($X), together comprising 68% of total imports. Poland, Italy, Mexico and the Netherlands lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +40.3%, saw the highest rates of growth with regard to 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

In 2021, the average gas supply meter import price amounted to $X per unit, surging by 9.8% against the previous year. Overall, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for China ($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 (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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