South Africa: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in South Africa

In 2022, the South African gravure printing machinery market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Gravure Printing Machinery Production in South Africa

In value terms, gravure printing machinery production dropped modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 4.4% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Gravure Printing Machinery Exports

Exports from South Africa

In 2022, overseas shipments of gravure printing machinery increased by 3.7% to X units, rising for the fifth year in a row after two years of decline. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 428%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, gravure printing machinery exports reduced rapidly to $X in 2022. Over the period under review, exports saw a pronounced increase. The growth pace was the most rapid in 2015 when exports increased by 200%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for gravure printing machinery exports from South Africa, with a 91% share of total exports. Moreover, gravure printing machinery exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Swaziland (X units), more than tenfold. Zambia (X units) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +98.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+32.8% per year) and Zambia (+17.5% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for gravure printing machinery exports from South Africa, comprising 86% of total exports. The second position in the ranking was taken by Zambia ($X), with a 6% share of total exports. It was followed by Swaziland, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to +80.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+2.6% per year) and Swaziland (+12.8% per year).

Export Prices by Country

The average gravure printing machinery export price stood at $X per unit in 2022, with a decrease of -35.9% against the previous year. Over the period under review, the export price recorded a precipitous setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 149%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to Swaziland ($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 Democratic Republic of the Congo (-9.0%), while the prices for the other major destinations experienced a decline.

Gravure Printing Machinery Imports

Imports into South Africa

After four years of decline, purchases abroad of gravure printing machinery increased by 154% to X units in 2022. In general, imports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 1,270% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gravure printing machinery imports contracted significantly to $X in 2022. Overall, imports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 1,326% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X units) was the main supplier of gravure printing machinery to South Africa, accounting for a 94% share of total imports. It was followed by Italy (X units), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +10.6%.

In value terms, India ($X) constituted the largest supplier of gravure printing machinery to South Africa, comprising 87% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at -14.0%.

Import Prices by Country

The average gravure printing machinery import price stood at $X per unit in 2022, dropping by -96.9% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 500%. The import price peaked at $X per unit in 2021, and then fell sharply in the following year.

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 Italy ($X per unit), while the price for India stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+511.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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