South Africa: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in South Africa

The South African market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels surged to $X in 2021, jumping by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a strong expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from South Africa

In 2021, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -31.3% to X units, falling for the third year in a row after two years of growth. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 123% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals exports totaled $X in 2021. Over the period under review, exports showed a noticeable descent. The pace of growth was the most pronounced in 2013 when exports increased by 130% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for grease fittings and oil seals exports from South Africa, with a 38% share of total exports. Moreover, grease fittings and oil seals exports to Mozambique exceeded the volume sent to the second major destination, Namibia (X units), threefold. The third position in this ranking was held by Zambia (X units), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique totaled -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-17.5% per year) and Zambia (+5.5% per year).

In value terms, the largest markets for grease fittings and oil seals exported from South Africa were Zambia ($X), Namibia ($X) and the UK ($X), together comprising 50% of total exports. Mozambique, Botswana, Zimbabwe, Democratic Republic of the Congo, the United States, Mauritius, the Netherlands, Lesotho, Swaziland and Singapore lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +91.5%, saw 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

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, with an increase of 61% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to Mozambique ($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 the UK (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into South Africa

In 2021, the amount of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels imported into South Africa soared to X units, rising by 38% compared with the previous year's figure. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 -10.9% against 2019 indices. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals imports soared to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of grease fittings and oil seals imports to South Africa, together accounting for 66% of total imports. These countries were followed by the United States, Taiwan (Chinese), France, India, Spain, Japan, South Korea and Singapore, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +31.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of grease fittings and oil seals to South Africa, comprising 31% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.5% per year) and China (+13.7% per year).

Import Prices by Country

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, waning by -14% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grease fittings and oil seals import price increased by +10.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 50%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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