South Africa: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in South Africa

The South African prefabricated buildings market contracted to $X in 2022, falling by -2.2% against the previous year. In general, consumption, however, showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Prefabricated Buildings Production in South Africa

In value terms, prefabricated buildings production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 58% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from South Africa

Prefabricated buildings exports from South Africa surged to X units in 2022, jumping by 72% on 2021 figures. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by 47% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X units), Zimbabwe (X units) and Mozambique (X units) were the main destinations of prefabricated buildings exports from South Africa, with a combined 59% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +354.9%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Democratic Republic of the Congo ($X) and Mozambique ($X) appeared to be the largest markets for prefabricated buildings exported from South Africa worldwide, together comprising 43% of total exports. Botswana, Cote d'Ivoire, Zambia, Australia, Pakistan, Tanzania, Ghana, Lesotho, Malawi and Nigeria lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Pakistan, with a CAGR of +270.4%, saw the highest rates of growth with regard to 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 2022, the average prefabricated buildings export price amounted to $X per unit, reducing by -32% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 18% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+0.5%), while the prices for the other major destinations experienced a decline.

Prefabricated Buildings Imports

Imports into South Africa

In 2022, prefabricated buildings imports into South Africa skyrocketed to X units, with an increase of 49% on the previous year's figure. In general, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 74% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, prefabricated buildings imports declined significantly to $X in 2022. Over the period under review, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest prefabricated buildings supplier to South Africa, with a 69% share of total imports. Moreover, prefabricated buildings imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), ninefold. India (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+5.4% per year) and India (-11.0% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated buildings to South Africa, comprising 43% of total imports. The second position in the ranking was held by Israel ($X), with a 17% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+6.1% per year) and Germany (+81.1% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, falling by -43.8% against the previous year. In general, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 53%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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