South Africa: Hydraulic Press Market 2024

Hydraulic Press Market Size in South Africa

The South African hydraulic press market dropped rapidly to $X in 2022, reducing by -39.9% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +6.7% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank dramatically in the following year.

Hydraulic Press Production in South Africa

In value terms, hydraulic press production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 79% against the previous year. Hydraulic press production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports from South Africa

Hydraulic press exports from South Africa stood at X units in 2022, with an increase of 4.6% on the previous year. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 502%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydraulic press exports stood at $X in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 105%. Over the period under review, the exports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

France (X units), Namibia (X units) and Mozambique (X units) were the main destinations of hydraulic press exports from South Africa, with a combined 68% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +156.8%), while the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Zimbabwe ($X) and Mozambique ($X) were the largest markets for hydraulic press exported from South Africa worldwide, with a combined 67% share of total exports. Angola, France, Botswana and Ghana lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, France, with a CAGR of +114.9%, saw the highest rates of growth with regard to 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 hydraulic press export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 an increase of 99% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to France ($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 Ghana (-0.1%), while the prices for the other major destinations experienced a decline.

Hydraulic Press Imports

Imports into South Africa

Hydraulic press imports into South Africa skyrocketed to X units in 2022, jumping by 80% on the year before. In general, imports posted a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of 247%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydraulic press imports soared to $X in 2022. Over the period under review, imports recorded perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 289% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hydraulic press to South Africa, accounting for a 61% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Turkey (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.3% per year) and Turkey (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to South Africa, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7.2% share of total imports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+35.6% per year) and the United States (+30.6% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the import price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2016 an increase of 118%. The import price peaked at $X per unit 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 ($X per unit), while the price for Japan ($X per unit) 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 (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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