South Africa: Machinery For Packing Market 2024

Machinery For Packing Market Size in South Africa

In 2022, the South African machinery for packing market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt shrinkage. Machinery for packing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Machinery For Packing Exports

Exports from South Africa

In 2022, overseas shipments of machinery for packing or wrapping increased by 22% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery for packing exports surged to $X in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 129%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Mozambique (X units) and the UK (X units) were the main destinations of machinery for packing exports from South Africa, together accounting for 44% of total exports. Zimbabwe, Malawi, Namibia, Turkey, Botswana, Zambia, the United States, Tanzania, Ireland and Swaziland lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +107.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Mozambique ($X) and the UK ($X) were the largest markets for machinery for packing exported from South Africa worldwide, together accounting for 44% of total exports. Zimbabwe, Malawi, Namibia, Turkey, Botswana, Zambia, the United States, Tanzania, Ireland and Swaziland lagged somewhat behind, together accounting for a further 48%.

Among the main countries of destination, Ireland, with a CAGR of +128.1%, 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 machinery for packing export price stood at $X per unit in 2022, with an increase of 8% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 75%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Tanzania ($X per unit) and Namibia ($X per unit), while the average price for exports to Zambia ($X per unit) and Mozambique ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery For Packing Imports

Imports into South Africa

In 2022, overseas purchases of machinery for packing or wrapping were finally on the rise to reach X units after two years of decline. In general, imports, however, continue to indicate a abrupt descent. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, machinery for packing imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 46% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of machinery for packing imports to South Africa, together accounting for 62% of total imports. Switzerland, Hungary, Spain, Australia, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +27.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest machinery for packing suppliers to South Africa were Italy ($X), Germany ($X) and China ($X), with a combined 63% share of total imports. Switzerland, Hungary, Spain, Australia, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Hungary, with a CAGR of +21.8%, 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 2022, the average machinery for packing import price amounted to $X per unit, shrinking by -11.2% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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