South Africa: Hedge Shear Market 2024

Hedge Shear Market Size in South Africa

In 2021, the South African hedge shear market increased by 20% to $X, rising for the fourth year in a row after four years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hedge Shear Production in South Africa

In value terms, hedge shear production expanded modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Hedge Shear Exports

Exports from South Africa

In 2021, the amount of hedge shears and two-handed pruning shears exported from South Africa soared to X tons, with an increase of 16% on the previous year's figure. Overall, exports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2019 when exports increased by 30% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, hedge shear exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Malawi (X tons) were the main destinations of hedge shear exports from South Africa, with a combined 46% share of total exports. These countries were followed by Mozambique, Zambia, Kenya, Swaziland, Uganda, Lesotho, Zimbabwe, Mauritius, Sierra Leone and Tanzania, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sierra Leone (with a CAGR of +51.5%), while the other leaders experienced more modest paces of growth.

In value terms, Malawi ($X), Botswana ($X) and Namibia ($X) appeared to be the largest markets for hedge shear exported from South Africa worldwide, together comprising 47% of total exports. These countries were followed by Zambia, Mozambique, Kenya, Zimbabwe, Uganda, Swaziland, Sierra Leone, Lesotho, Mauritius and Tanzania, which together accounted for a further 50%.

Among the main countries of destination, Sierra Leone, with a CAGR of +49.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hedge shear export price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hedge Shear Imports

Imports into South Africa

In 2021, overseas purchases of hedge shears and two-handed pruning shears increased by 65% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports saw a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hedge shear imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hedge shear to South Africa, with a 87% share of total imports. Moreover, hedge shear imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.9%.

In value terms, China ($X) constituted the largest supplier of hedge shears and two-handed pruning shears to South Africa, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.6%.

Import Prices by Country

In 2021, the average hedge shear import price amounted to $X per ton, increasing by 4.5% against the previous year. In general, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.7%).

Source: IndexBox Platform

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