South Africa: Ink-Pad Market 2024

Ink-Pad Market Size in South Africa

In 2022, the South African ink-pad market increased by 97% to $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption, however, saw a noticeable slump. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in South Africa

In value terms, ink-pad production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ink-Pad Exports

Exports from South Africa

In 2022, ink-pad exports from South Africa declined rapidly to X units, waning by -70.9% compared with 2021 figures. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 107%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ink-pad exports declined sharply to $X in 2022. Over the period under review, exports faced a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 56%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Swaziland (X units) was the main destination for ink-pad exports from South Africa, accounting for a 43% share of total exports. Moreover, ink-pad exports to Swaziland exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), threefold. Lesotho (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Swaziland totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+58.6% per year) and Lesotho (-8.3% per year).

In value terms, Swaziland ($X) emerged as the key foreign market for ink-pads exports from South Africa, comprising 44% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 15% share of total exports. It was followed by Lesotho, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Swaziland totaled -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-0.2% per year) and Lesotho (-15.9% per year).

Export Prices by Country

In 2022, the average ink-pad export price amounted to $X per unit, surging by 12% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 37%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Botswana ($X per unit), while the average price for exports to Namibia ($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 Mali (+2.4%), while the prices for the other major destinations experienced a decline.

Ink-Pad Imports

Imports into South Africa

In 2022, purchases abroad of ink-pads increased by 17% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 2,239% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, ink-pad imports plummeted to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 42% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Romania (X units) constituted the largest supplier of ink-pad to South Africa, accounting for a 55% share of total imports. Moreover, ink-pad imports from Romania exceeded the figures recorded by the second-largest supplier, Austria (X units), fivefold. China (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Romania stood at +274.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.0% per year) and China (+11.8% per year).

In value terms, Austria ($X), China ($X) and Germany ($X) appeared to be the largest ink-pad suppliers to South Africa, with a combined 61% share of total imports. The United States, Italy, Japan, Romania and Australia lagged somewhat behind, together accounting for a further 24%.

Romania, with a CAGR of +61.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ink-pad import price stood at $X per unit in 2022, which is down by -30.8% against the previous year. Overall, the import price showed a precipitous slump. The pace of growth was the most pronounced in 2015 when the average import price increased by 281%. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-17.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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