South Africa: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in South Africa

The South African polishes for coachwork market dropped to $X in 2022, falling by -6.2% against the previous year. In general, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Production in South Africa

In value terms, polishes for coachwork production shrank to $X in 2022 estimated in export price. In general, production recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Polishes for coachwork production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from South Africa

In 2022, shipments abroad of polishes for coachwork increased by 109% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a mild slump. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Zambia (X tons) was the main destination for polishes for coachwork exports from South Africa, with a 47% share of total exports. Moreover, polishes for coachwork exports to Zambia exceeded the volume sent to the second major destination, Namibia (X tons), twofold. The third position in this ranking was held by Madagascar (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+6.2% per year) and Madagascar (+55.5% per year).

In value terms, Zambia ($X) emerged as the key foreign market for polishes for coachwork exports from South Africa, comprising 41% of total exports. The second position in the ranking was taken by Namibia ($X), with a 16% share of total exports. It was followed by Madagascar, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Zambia stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+0.0% per year) and Madagascar (+51.8% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, declining by -17.9% against the previous year. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into South Africa

In 2022, the amount of polishes for coachwork imported into South Africa soared to X tons, growing by 26% compared with 2021 figures. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polishes for coachwork imports skyrocketed to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X tons) constituted the largest polishes for coachwork supplier to South Africa, with a 42% share of total imports. Moreover, polishes for coachwork imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.3% per year) and the United States (-2.5% per year).

In value terms, the UK ($X) constituted the largest supplier of polishes for coachwork to South Africa, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and the United States (-2.1% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, declining by -2.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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