South Africa: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in South Africa

In 2021, after three years of growth, there was significant decline in the South African filling containers machinery market, when its value decreased by -38.1% to $X. In general, consumption, however, recorded a slight expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

Filling Containers Machinery Production in South Africa

In value terms, filling containers machinery production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 1,543% against the previous year. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Filling Containers Machinery Exports

Exports from South Africa

After five years of decline, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers increased by 97% to X units in 2021. Overall, exports, however, faced a deep downturn. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, filling containers machinery exports surged to $X in 2021. In general, exports, however, saw a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 61%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for filling containers machinery exports from South Africa, with a 47% share of total exports. Moreover, filling containers machinery exports to Brazil exceeded the volume sent to the second major destination, the United States (X units), threefold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.1% per year) and Democratic Republic of the Congo (+10.6% per year).

In value terms, the largest markets for filling containers machinery exported from South Africa were Zimbabwe ($X), the United States ($X) and Thailand ($X), together comprising 59% of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +437.2%, recorded 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 filling containers machinery export price stood at $X per unit in 2021, with a decrease of -38% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 57%. The export price peaked at $X per unit in 2020, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Brazil ($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 Namibia (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into South Africa

In 2021, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were imported into South Africa; increasing by 57% on 2020. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 86%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, filling containers machinery imports declined rapidly to $X in 2021. Overall, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum 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 filling containers machinery to South Africa, accounting for a 67% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.5% per year) and Taiwan (Chinese) (+41.6% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest filling containers machinery suppliers to South Africa, with a combined 62% share of total imports. Belgium, the United States, India, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Belgium, with a CAGR of +33.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, with a decrease of -48.7% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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