South Africa: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in South Africa

After two years of decline, the South African market for instruments for measuring electrical quantities increased by 49% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Instruments for Measuring Electrical Quantities

Exports from South Africa

In 2021, exports of instruments for measuring electrical quantities from South Africa skyrocketed to X units, picking up by 46% on the previous year's figure. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2013 when exports increased by 134%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports surged to $X in 2021. Overall, exports recorded a notable increase. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for instruments for measuring electrical quantities exports from South Africa, accounting for a 39% share of total exports. Moreover, instruments for measuring electrical quantities exports to the UK exceeded the volume sent to the second major destination, Swaziland (X units), threefold. Rwanda (X units) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +95.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Swaziland (+34.8% per year) and Rwanda (+65.5% per year).

In value terms, the largest markets for instruments for measuring electrical quantities exported from South Africa were the UK ($X), Zambia ($X) and Democratic Republic of the Congo ($X), with a combined 35% share of total exports. These countries were followed by Japan, Namibia, Botswana, Swaziland, Norway, Zimbabwe, Nigeria, Mozambique, Rwanda and Australia, which together accounted for a further 44%.

Japan, with a CAGR of +474.4%, saw 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 export price for instruments for measuring electrical quantities amounted to $X per unit, increasing by 25% against the previous year. Overall, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average export price increased by 236%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Rwanda ($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 Japan (+51.6%), while the prices for the other major destinations experienced a decline.

Imports of Instruments for Measuring Electrical Quantities

Imports into South Africa

In 2021, purchases abroad of instruments for measuring electrical quantities was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.0% against 2018 indices. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of instruments for measuring electrical quantities to South Africa, accounting for a 56% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), fourfold. Austria (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+29.9% per year) and Austria (+76.9% per year).

In value terms, the largest instruments for measuring electrical quantities suppliers to South Africa were China ($X), the United States ($X) and Germany ($X), together accounting for 43% of total imports. Taiwan (Chinese), Hungary, Canada, the UK, Austria, Italy, France, India, Denmark and Japan lagged somewhat behind, together comprising a further 41%.

Austria, with a CAGR of +27.5%, 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

The average import price for instruments for measuring electrical quantities stood at $X per unit in 2021, with a decrease of -16.4% against the previous year. Overall, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2020 an increase of 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Japan (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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