South Africa: Boiler Parts Market 2024

Boiler Parts Market Size in South Africa

The South African boiler parts market reached $X in 2021, picking up by 8.3% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Boiler Parts Production in South Africa

In value terms, boiler parts production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Boiler Parts Exports

Exports from South Africa

In 2021, exports of parts of boilers for central heating from South Africa fell significantly to X tons, reducing by -35.1% compared with 2020. In general, exports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 133% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, boiler parts exports skyrocketed to $X in 2021. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 107%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for boiler parts exports from South Africa, with a 38% share of total exports. Moreover, boiler parts exports to Botswana exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was held by Mozambique (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana amounted to +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+126.5% per year) and Mozambique (+16.2% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for parts of boilers for central heating exports from South Africa, comprising 58% of total exports. The second position in the ranking was taken by Botswana ($X), with an 18% share of total exports. It was followed by Mozambique, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to the Philippines totaled +108.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+17.4% per year) and Mozambique (+9.3% per year).

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, growing by 124% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Boiler Parts Imports

Imports into South Africa

In 2021, the amount of parts of boilers for central heating imported into South Africa soared to X tons, rising by 72% compared with 2020. Overall, imports saw resilient growth. The growth pace was the most rapid in 2013 with an increase of 1,068% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, boiler parts imports reduced markedly to $X in 2021. In general, imports, however, showed a noticeable setback. The growth pace was the most rapid in 2016 when imports increased by 342%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest boiler parts supplier to South Africa, accounting for a 73% share of total imports. Moreover, boiler parts imports from China exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+57.8% per year) and Spain (+71.3% per year).

In value terms, China ($X), Austria ($X) and Spain ($X) appeared to be the largest boiler parts suppliers to South Africa, together comprising 65% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +75.2%, recorded 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 boiler parts import price amounted to $X per ton, dropping by -74.9% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 96%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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