South Africa: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in South Africa

After two years of growth, the South African cement prefabricated structural components market decreased by -9.9% to $X in 2021. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +46.4% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in South Africa

In value terms, cement prefabricated structural components production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34%. Over the period under review, production reached the peak level at $X in 2020, and then contracted in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from South Africa

Cement prefabricated structural components exports from South Africa surged to X tons in 2021, increasing by 21% against the previous year. Over the period under review, exports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 127% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports soared to $X in 2021. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 90%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons), Namibia (X tons) and Lesotho (X tons) were the main destinations of cement prefabricated structural components exports from South Africa, together comprising 84% of total exports. These countries were followed by Mozambique, Zimbabwe, France and Swaziland, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cement prefabricated structural components exported from South Africa were France ($X), Botswana ($X) and Namibia ($X), with a combined 64% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +54.0%, 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 a decline.

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, which is down by -4.1% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 55%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Botswana ($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 France (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into South Africa

In 2021, imports of prefabricated structural components of cement, concrete or artificial stone into South Africa surged to X tons, with an increase of 25% compared with the previous year's figure. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,835%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, cement prefabricated structural components imports soared to $X in 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 885%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of cement prefabricated structural components to South Africa, accounting for a 97% share of total imports. It was followed by Swaziland (X tons), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +46.5%.

In value terms, China ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to South Africa, comprising 97% of total imports. The second position in the ranking was taken by Swaziland ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +55.9%.

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 655%. The import price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the price for Swaziland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+54.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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