South Africa: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in South Africa

The South African non-electronic hydro- and hygrometers market surged to $X in 2021, increasing by 33% 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, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from South Africa

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers decreased by -5.4% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 when exports increased by 161%. Over the period under review, the exports reached the maximum at X units in 2020, and then dropped in the following year.

In value terms, non-electronic hydro- and hygrometers exports reduced dramatically to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 88% against the previous year. As a result, the exports reached the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Australia (X units), the United States (X units) and Zimbabwe (X units) were the main destinations of non-electronic hydro- and hygrometers exports from South Africa, together comprising 32% of total exports. These countries were followed by Mozambique, New Zealand, Namibia, France, Botswana, Zambia, Belgium, Swaziland, the Netherlands and Tanzania, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +143.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from South Africa were Australia ($X), the United States ($X) and Zimbabwe ($X), with a combined 32% share of total exports. Mozambique, New Zealand, Namibia, France, Botswana, Zambia, Belgium, Swaziland, the Netherlands and Tanzania lagged somewhat behind, together accounting for a further 45%.

New Zealand, with a CAGR of +88.9%, recorded 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 non-electronic hydro- and hygrometers export price amounted to $X per unit, waning by -24.7% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and New Zealand ($X per unit), while the average price for exports to France ($X per unit) and Botswana ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into South Africa

In 2021, overseas purchases of non-electronic hydro-, hygro-, psychrometers increased by 50% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 147%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports fell slightly to $X in 2021. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 increased by +50.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X units), Thailand (X units) and Bulgaria (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to South Africa, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +109.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic hydro- and hygrometers suppliers to South Africa were Thailand ($X), Bulgaria ($X) and the United States ($X), together comprising 41% of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +83.5%, saw the highest rates of growth with regard to 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 non-electronic hydro- and hygrometers import price amounted to $X per unit, reducing by -33.5% against the previous year. In general, the import price, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2016 an increase of 118%. The import price peaked at $X per unit in 2020, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :