South Africa: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in South Africa

In 2021, the South African panel display manufacturing machine market increased by 52% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a deep contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in South Africa

In value terms, panel display manufacturing machine production rose rapidly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from South Africa

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -25% to X units, falling for the eighth year in a row after two years of growth. In general, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when exports increased by 944% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 450% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Zimbabwe (X units) was the main destination for panel display manufacturing machine exports from South Africa, accounting for a 67% share of total exports. Moreover, panel display manufacturing machine exports to Zimbabwe exceeded the volume sent to the second major destination, Lesotho (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Zimbabwe stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (-7.4% per year) and Lithuania (0.0% per year).

In value terms, the largest markets for panel display manufacturing machine exported from South Africa were Zimbabwe ($X), Lithuania ($X) and Swaziland ($X), together comprising 21% of total exports.

Among the main countries of destination, Lithuania, with a CAGR of 0.0%, 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 a decline.

Export Prices by Country

The average panel display manufacturing machine export price stood at $X per unit in 2021, picking up by 32% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 296% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Botswana ($X per unit), while the average price for exports to Lesotho ($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 Swaziland (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into South Africa

In 2021, supplies from abroad of machines for the manufacture of flat panel displays increased by 98% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by 744% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, panel display manufacturing machine imports surged to $X in 2021. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 6,310% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest panel display manufacturing machine supplier to South Africa, accounting for a 87% share of total imports. Moreover, panel display manufacturing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.3% per year) and Thailand (-87.4% per year).

In value terms, China ($X), Germany ($X) and Thailand ($X) appeared to be the largest panel display manufacturing machine suppliers to South Africa, with a combined 100% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +76.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average panel display manufacturing machine import price amounted to $X per unit, rising by 181% against the previous year. Over the period under review, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10,860% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1,269.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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