South Africa: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in South Africa

In 2021, the South African market for parts of harvester and threshers increased by 73% to $X for the first time since 2017, thus ending a three-year declining trend. 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 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from South Africa

In 2021, overseas shipments of parts of harvester and threshers increased by 33% to X units, rising for the second consecutive year after five years of decline. Overall, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 35%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports rose rapidly to $X in 2021. Over the period under review, exports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X units), Namibia (X units) and Zambia (X units) were the main destinations of parts of harvester and threshers exports from South Africa, with a combined 63% share of total exports. Botswana, Australia, the United States, Swaziland, Tanzania, Mozambique and Guinea lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +173.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of harvester and threshers exported from South Africa were Zimbabwe ($X), Zambia ($X) and Namibia ($X), together accounting for 52% of total exports. Australia, Botswana, Mozambique, the United States, Swaziland, Tanzania and Guinea lagged somewhat behind, together comprising a further 26%.

Guinea, with a CAGR of +119.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 export price for parts of harvester and threshers amounted to $X per unit, shrinking by -17.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Namibia ($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 Zambia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into South Africa

In 2021, supplies from abroad of parts of harvester and threshers increased by 55% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a slight reduction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to South Africa, together accounting for 61% of total imports. These countries were followed by Italy, Canada, Poland, France, Hungary, Brazil, Turkey, the Netherlands, New Zealand and Argentina, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of parts of harvester and threshers to South Africa, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by China, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.0% per year) and China (+6.0% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform